Alaska Air: Q3 Earnings Snapshot

    SEATTLE (AP) - Alaska Air Group Inc. on Thursday reported third-quarter net income of $194 million, after reporting a loss in the same period a year earlier.

    On a per-share basis, the Seattle-based company said it had profit of $1.53. Earnings, adjusted for non-recurring gains, were $1.47 per share.

    The results exceeded Wall Street expectations.

    The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

    The airline posted revenue of $1.95 billion in the period, also beating Street forecasts.

    Four analysts surveyed by Zacks expected $1.93 billion.

    Alaska Air shares have climbed 10% since the beginning of the year.

    The stock has risen 43% in the last 12 months.

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