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
Microsoft (MSFT) reports higher revenue and profit for Q3 2024
Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,
GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales