Alaska Air rises after beating Q4 profit estimates

Alk-Abello A/S

23/01/2025 09:57

** Alaska Air Group's shares  ALK.N  rise 4% to $xx 
premarket
    ** On Wednesday, ALK beat Q4 profit estimates and forecast a
smaller-than-expected loss for the current quarter, driven by
strong holiday and corporate travel demand as well as improved
pricing power.
    ** Q4 adj. profit of 97 cents per share came above analysts'
estimate of 44 cents, according to LSEG compiled data
    ** ALK  expects Q1 adj loss of 50 to 70 cents per share,
compared with estimates of a loss of 72 cents per share
    ** In 2024, stock rose 65.7%

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))