Alaska Air profit beats expectations, shares rise

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.

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