Revenue Update on Alaska Air Group(NYSE:ALK)

Alaska Air Group(NYSE:ALK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $1.49B. Analysts estimated a revenue of $1.50B. Earnings per share were $2.12. Analysts had estimated an EPS of $2.05.

In a different note, On Jun 14, 2016, Raymond James said it Downgrades its rating on Alaska Air Group. The shares have been rated ‘Outperform’ by the firm. On May 16, 2016, Cowen & Company said it Assumes its rating on Alaska Air Group. The shares have been rated ‘Outperform’ by the firm.

Alaska Air Group (ALK) shares turned negative on Wednesdays trading session with the shares closing down -0.38 points or -0.59% at a volume of 19,18,844. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $64.21. The peak price level was also seen at $64.21 while the days lowest was $63.231. Finally the shares closed at $63.49. The 52-week high of the shares is $87.171 while the 52-week low is $54.51. According to the latest information available, the market cap of the company is $7,825 M.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 4,000 shares at $63.84 per share price.Also, On Jul 18, 2016, Mark G Eliasen (VP/FINANCE & TREASURER) sold 2,884 shares at $65.00 per share price.On May 26, 2016, Tamara S Young (VP/HUMAN RESOURCES) sold 1,859 shares at $66.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Alaska Air Group Inc. is a holding company of Alaska Airlines Inc. (Alaska) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines which together with its partner regional airlines serve approximately 100 cities through a network in Alaska the Lower 48 Hawaii Canada and Mexico. The Company operates in three segments: Alaska Mainline Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaska’s business. Alaska Regional is Alaska’s shorter distance network. Horizon operates regional aircraft. In 2014 the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.

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