26-Jan-2011 2:37 PM
Alaska Air profit beats expectations, shares rise
Analysis
Alaska Air shares went against the trend on Tuesday, rising 0.6%, as it reported a earnings of USD1.28 per share in 4Q2010 - well ahead of market consensus of USD1.02.
Summary
- Alaska Air reports higher than expected earnings per share in 4Q2010.
- Alaska Air's net profit for the full year more than doubles compared to the previous year.
- Alaska Air's stock rises 0.6% following the positive earnings report.
- United Continental and US Airways stock remain flat ahead of their 4Q2010 profit reports.
- Alaska Air's strong performance contrasts with the overall trend in the American airline industry.
- This data is from January 25, 2011.
Alaska's net profit for the full year totaled USD251.1 million, more than double the USD121.6 million reported in 2009. For the fourth quarter, net profit surged from 24.1 million in 4Q2009 to USD64.8 million.
United Continental and US Airways stock were virtually flat ahead of their 4Q2010 profit reports on Wednesday.
Americas airline stock performance: 25-Jan-2011
