Alaska Air (ALK) Incurs Q1 Loss, Tops Revenue Estimates

Alaska Air Group, Inc. (ALK) reported first-quarter 2024 loss per share of 92 cents, which was narrower than the Zacks Consensus Estimate of a loss of $1.09. In the year-ago reported quarter, ALK reported a loss of 62 cents per share.Operating revenues of$2,232 million surpassed the Zacks Consensus Estimate of $2,179.3 million. The top line jumped 2% year over year, with passenger revenues accounting for 89.7% of the top line and increasing 1% owing to continued recovery in air-travel demand.Passenger reve ...