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Shares of Alaska Air Group (NYSE:ALK) fell 0.8% in pre-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share decreased 222.81% year over year to ($3.23), which missed the estimate of ($3.01).
Revenue of $701,000,000 declined by 70.66% from the same period last year, which beat the estimate of $678,200,000.
Guidance
Alaska Air Group hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
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Date: Oct 22, 2020
Time: 11:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/2qasx69b
Price Action
52-week high: $72.22
52-week low: $20.02
Price action over last quarter: Up 12.32%
Company Description
Alaska Air Group Inc operates two subsidiaries and offers 46 million passengers yearly service to more than 115 destinations along the West Coast, Mexico, and Canada. Alaska Airlines, its major airline, operates a 233 all-jet fleet, while Horizon Air, its regional airline, flies 65 turboprops and jet aircraft. The firm earns ancillary revenue by providing freight and mail services. Alaska employees 23,000 workers and generates about $8 billion in annual revenue.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.