Alaska Air reports earnings growth in Q1 2019 results

Alaska Air has reported net income for the first quarter of 2019 at $21 million, up from $18 million reported in the corresponding period last year. This figure, however, excluded the impact of merger-related costs and mark-to-market fuel hedge adjustments. The group’s revenue also increased for the quarter, coming in at $1.88 billion, up 2.4% from the $1.83 billion reported in the corresponding period last year. The carrier surpassed its updated Q1 revenue forecast, posting a 2.2% RASM increase. Additionally, nonfuel unit costs came in well below the company’s initial expectations. As a result, Alaska Air was able to expand its