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Alaska Air Group Q1 Earnings Preview: Attention Turns To Boeing Safety, Merger With Hawaiian Airlines
Airline company Alaska Air Group, Inc. (NYSE:ALK) is set to report first-quarter financial results before market opens Thursday, April 18.
Here are the key earnings estimates and items to watch.
Earnings Estimates: Analysts estimate Alaska Air will report first-quarter revenue of $2.19 billion, according to data from Benzinga Pro.
The company reported revenue of $2.196 billion in last year's first quarter. Alaska Air has beaten revenue estimates from analysts in three of the past five quarters.
Analysts expect the company to report a loss of $1.05 per share in the first quarter, compared to a loss of 62 cents per share in last year's first quarter. The company missed analysts’ estimates for earnings per share in three of the past five quarters.
Guidance from the company previously said it expected to hit earnings per share of $3 to $5 for the full fiscal 2024 year.
Related Link: Compensation Package: Boeing Assists Alaska Air with $160M Amid Crisis
Key Items to Watch: Alaska Air is among the airline stocks impacted by safety concerns from airplanes ...