— Alaska Air Group (NYSE: ALK) reported Q4 2019 earnings of $1.46 per share, vs. $1.41 expected.
— Revenues grew 8% to $2.22 billion, vs. $2.22 billion expected.
— Traffic rose 3.9% to 13.9 billion.
— Capacity rose 3.5% to 16.6 billion.
— Revenue per available seat miles (RASM) increased 4.2% to 13.38 cents.
— Load factor increased 0.4 points to 83.7%.
— Economic fuel cost per gallon fell 6% to $2.21.
— ALK shares fell 3% immediately following the announcement.
For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected
Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales
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