Categories AlphaGraphs, Earnings, Industrials
Alaska Air (ALK) Q4 revenue rises 31% amid continued traffic growth
Alaska Air Group (NYSE: ALK) reported an increase in revenues and adjusted profit for the fourth quarter of 2022, as passenger traffic continues to pick up momentum.
The company reported adjusted profit of $0.92 per share for the December quarter, which is more than double the profit generated in the prior-year quarter. On an unadjusted basis, net income increased to $22 million or $0.17 per share.
Earnings benefitted from a 31% jump in operating revenues to $2.48 billion. During the quarter, the company repaid $52 million in debt, bringing total debt payments to $385 million for 2022.
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“Despite many challenges during the year, we ran one of the best operations, signed five new labor deals, and executed the majority of our single fleet transition. The results we posted today signal how well our teams are navigating this recovery. I want to thank our employees for their commitment to our success, and for the work they do every day to take great care of our guests.,” said Alaska Air’s CEO Ben Minicucci.
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TC BioPharm develops safer, less expensive products to target more cancers: CEO Bryan Kobel
TC BioPharm (NASDAQ: TCBP) is a clinical-stage cell therapy company focused on the development of treatments for infectious diseases, including advanced allogeneic chimeric antigen receptor (CAR) T-cell therapy products for
Cintas Corp. (CTAS) Q3 2023 earnings and revenue increase
Uniform rental company Cintas Corporation (NASDAQ: CTAS) on Wednesday announced financial results for the third quarter of 2023, reporting higher earnings and revenues. At $2.19 billion, third-quarter revenues were up
Infographic: Micron (MU) reports net loss for Q2; revenue down 53%
Micron Technology Inc. (NASDAQ: MU) slipped to a loss in the second quarter of 2023 from a profit last year, hurt by a sharp fall in revenues. The chipmaker reported