Categories AlphaGraphs, Earnings, Industrials
Alaska Air (ALK) swings to profit in Q2 on strong revenue growth; results beat
Alaska Air Group (NYSE: ALK) reported a profit for the second quarter of 2022, on an adjusted basis, compared to a loss last year as the airline company’s revenues increased in double-digits amid solid traffic growth. The numbers also exceeded analysts’ estimates.
The company reported an adjusted profit of $2.19 per share for the June quarter, compared to a loss of $0.30 per share in the year-ago quarter. On an unadjusted basis, it was a net income of $139 million or $1.09 per share, up from last year’s profit of $397 million or $3.13 per share. Earnings beat Wall Street’s estimates.
The bottom line benefitted from a 74% surge in operating revenues to $2.66 billion. Market watchers were looking for slower growth.
Check this space to read management/analysts’ comments on Alaska Air’s Q2 2022 results
“It’s clear that travel is one of the things people have missed the most these past two years. They are excited to fly again and our team is delivering on the safe, reliable, and caring experience they expect from us. Revenue in June topped $1 billion, the highest single month in our history,” said Alaska Air’s CEO Ben Minicucci.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and