Alaska Air Group Q1 results

Alaska Air Group has reported record first quarter net income, excluding special items, of $149 million – a 67% increase over the first quarter of 2014. Net income (GAAP) for the first quarter was $149 million or $1.12 per diluted share, compared to net income of $94 million, or $0.68 per diluted share in 2014. The airline group generated record adjusted pretax margin in the first quarter of 18.9% compared to 11.8% in 2014, and an 18.8% adjusted pretax margin for the trailing 12-month period ended March 31, 2015, compared to 13.6% for the same period in the prior year.