Skip to main content

Market Overview

Shares Of Alaska Air Higher Following Q4 Print


Shares of Alaska Air Group, Inc. (NYSE: ALK) were trading higher by nearly 6 percent at $71.04 by mid-Thursday afternoon after trading as high as $72.26 earlier in the day.

Alaska Air Group reported its fourth quarter results before the market opened. The company said it earned $1.46 per share on revenue of $1.377 billion.

Wall Street analysts were looking for the company to earn $1.40 per share on revenue of $1.38 billion.

Alaska Air Group noted that its net income for the quarter rose 49 percent from the same quarter a year ago to a record high of $186 million. For the full fiscal year, net income rose 47 percent from a year ago to $842 million.

The company also added that it grew passenger revenues by 6 percent compared to the same quarter a year ago and by 5 percent compared to the full year 2014.

Finally, Alaska Air announced a 38 percent increase in its quarterly dividend, from $0.20 per share to $0.275 per share.

"These record results reflect our strong performance in the areas that drive long-term value for our business," said CEO Brad Tilden. "We're operating safely and on time, our customer satisfaction ratings remain strong, our customer base is growing at a record pace, and our costs and fares are coming down."

"With today's announcement, our dividend has increased by 175% since we initiated it two and one-half years ago," Tilden also said. This increase underscores our confidence in our business and our commitment to return capital to shareholders.


Related Articles (ALK)

View Comments and Join the Discussion!

Posted-In: Airliners Airliners Stock alaska air Brad TildenEarnings News Intraday Update Movers

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at