Alaska Air (ALK) Q2 Earnings Top Estimates, Revenues Lag

Alaska Air Group, Inc. (ALK) reported second-quarter 2024 earnings per share (EPS) of $2.55, which outpaced the Zacks Consensus Estimate of$2.36. Earnings decreased 15% on a year-over-year basis.Operating revenues of $2.89 billion missed the Zacks Consensus Estimate of$2.94 billion. The top line jumped 2% year over year, with passenger revenues accounting for 91.5% of the top line and increasing 2% owing to continued recovery in air-travel demand.Passenger revenues totaled $2.651 billion in the reported q ...