Alaska Air Group reported second-quarter net income of $104 million, or $1.47 per diluted share, on Thursday.
That’s a 58 percent uptick from the Seattle-based airline’s earnings of $68 million, or $0.93 per share a year ago. But the increase fell short of what analysts had forecasted, and the company’s stock lost 1.3 percent to close at $60.37.
Alaska also reported a 3 percent rise in quarterly revenue from a year ago, to $1.3 billion.
“Although our quarterly results were down slightly, our financial performance continues to be very strong,” said CEO Brad Tilden in the earnings announcement. He also noted that Alaska recently initiated a quarterly cash dividend of $0.20 per share to be paid out Aug. 22.
- Narcotics dog hospitalized after ingesting meth
- It's no easy task, but contract extension for Seahawks QB Russell Wilson will get done
- Newcomers arriving in record numbers, but from where?
- Toppled fish truck makes a stinker of a commute Tuesday night
- Amazon devouring quarter of Seattle's best office space
Most Read Stories
Alaska expects to add another seven aircraft to its 176-plane fleet before the end of the year. The company projected an approximate 8 percent increase in capacity and a roughly 4.5 percent increase in costs due to the new planes.