- Alaska Air Group (NYSE:ALK) heads higher after Q4 results arrive ahead of expectations.
- Traffic was up 13.1% during the quarter to outpace the 10.3% jump in capacity.
- Revenue per available seat mile fell 0.90% Y/Y to $0.1129, a mark that tops the U.S. airline industry average. Cost per available seat mile (ex-fuel) fell 0.4% to $0.0845.
- Looking ahead, Alaska Air sees Q1 capacity down 6%.
- Previously: Alaska Air declares $0.30 dividend (Feb. 8)
- Previously: Alaska Air beats by $0.16, beats on revenue (Feb. 8)
- ALK +2.28% premarket to $96.25.