Categories AlphaGraphs, Analysis, Earnings, Industrials
Infographic: Highlights of Alaska Air Group (ALK) Q1 2021 earnings report
Alaska Air Group (NYSE: ALK) announced its first-quarter financial results on Thursday. The airline reported a wider net loss that beat analysts’ forecast.
Net loss, excluding special items, widened to $3.51 per share in the March quarter from $0.83 per share in the year-ago period. On a reported basis, the company reported a loss of $131 million or $1.05 per share, compared to a loss of $232 million or $1.89 per share in the first quarter of 2020. Analysts were looking for a slightly wider loss.
The bottom-line performance was negatively impacted by a 51% decrease in revenues to $797 million. The top-line, however, exceeded the market’s projection.
Read management/analysts’ comments on Alaska Air’s Q1 report
Alaska Air Group’s shares made strong gains early Thursday soon after the announcement, after closing the previous session higher.
Will the Airline Industry Evolve or Die After the Black Swan-ish Disruption?
Is the airline industry staring at an evolutionary cycle after the Coronavirus-induced Pandemic that has no parallels in the past? What was the thought process of top airline executives as Covid-19 unfolded? Were they prepared? What lies ahead? We try to find out from the treasure trove of Earnings Transcripts & Press Releases.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
