Alaska Air beats 1Q profit forecasts

SEATTLE (AP) – Alaska Air Group Inc. (ALK) on Wednesday reported first-quarter profit of $99 million.
On a per-share basis, the Seattle-based company said it had net income of 79 cents. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The airline posted revenue of $1.75 billion in the period, which missed St