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Thursday, July 26, 2018

=Alaska Air (ALK) reported earnings on Thur 26 July 2018 (b/o)



Alaska Air beats by $0.04, reports revs in-line; guides Q3, lowers FY18 capacity outlook 
  • Reports Q2 (Jun) earnings of $1.66 per share, excluding non-recurring items, $0.04 better thanthe Capital IQ Consensus of $1.62; revenues rose 2.6% year/year to $2.16 bln vs the $2.16 bln Capital IQ Consensus.
  • Q3:
    • Co sees Capacity (ASMs in millions) 17,095 - 17,145
    • Co sees Revenue per ASM (cents) 12.66 - 13.06
    • Co sees Cost per ASM excluding fuel and special items (cents) 8.36 - 8.41
  • FY18:
    • Co sees Capacity (ASMs in millions) of 65,780 - 65,930 (Prior 65,950 - 66,100)
    • Co sees Cost per ASM excluding fuel and special items (cents) of 8.50 - 8.53 (Prior 8.51 - 8.56)
  • Sees Capacity (ASMs) growth of 2% in 2019, 4% in 2020

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