Alaska Air Group Inc. Bottom Line Climbs 38% In Q3

(NYSE:ALK). Investors must note that the brokerage house has a Hold rating on the shares of the company. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Equities research analysts forecast that Alaska Air Group will post $6.39 earnings per share for the current year.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 22nd. And this downward trend looks set to continue. Institutional Investors own 87.44% of Alaska Air Grp shares. 1,111,917 shares of the stock traded hands. The shares have been rated Hold. The carrier shelled out a quarterly cash dividend worth $0.20 per-share on August 14, 2015. A total of 57 funds opened new positions in Alaska Air Group Inc and 145 increased their holdings.

In all 401 of them, seven hold the stock in Top 10. Stifel Nicolaus increased their price objective on shares of Alaska Air Group from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday.

The company shares have rallied 61.44% in the past 52 Weeks. The stock is also 0.61% of the fund’s AUM. The Massachusetts-based fund Par Capital Management Inc have 6.63% of their stock portfolio invested in the company’s market cap for 4.55 million shares. Following the transaction, the chief executive officer now owns 170,852 shares in the company, valued at $13,129,976.20. First, we’re operating safely and reliably; second, our employees are engaged and our team of 15,000 people is providing our customers with great experiences every day on every flight; third, we are growing our customer base, our mileage plan members and our Alaska Airline’s credit card holders are both growing at record rates; fourth, we’re successfully entering new markets, we’ve entered 10 new markets thus far this year creating new, diverse and profitable revenue streams; and fifth, finally we believe we’re doing the right things for our owners. (Alaska) and Horizon Air Industries, Inc.

Alaska Air Group (ALK), is the holding company of Alaska Airlines, which, together with its partner regional airlines, serves more than 100 cities through North America. The Company operates in three segments: Alaska Mainline, which is the Boeing 737 part of Alaskas business; Alaska Regional, which is Alaskas shorter distance network, and Horizon, which operates regional aircraft. Alaska is a major airline, operates an all jet fleet, and its average passenger trip length is 833 miles. Alaska intends to have 69 of its aircraft-46% of its passenger fleet-outfitted with Space Bins by 2017. It operates two airlines: Alaska Airlines and Horizon Air. (SkyWest) and Peninsula Airways, Inc.

Alaska Air Group, Inc. The company has 12739 employees. This was up from $1.47 billion past year. Alaska Air Group has a 52-week low of $48.95 and a 52-week high of $82.78. The company has a 50-day moving average of $78.32 and a 200 day moving average of $71.24.

Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported GAAP net income of $274 million for the third-quarter, up 38.4% year-over-year (YOY). The company reported 1.76 EPS for the quarter, above the consensus estimate of 1.73 by 0.03.