Alaska Air Group has reported net income under Generally Accepted Accounting Principles (GAAP) of US$4 million for the first quarter of 2019.
Net income for the first quarter of 2019, excluding special items such as merger-related costs and mark-to-market fuel hedge accounting adjustments, of US$21 million compared to US$18 million in the first quarter of 2018. This quarter’s adjusted results compare to the First Call analyst consensus estimate of $0.12 per share.
The Group generated approximately US$470 million of operating cash flow in the first three months of 2019, including merger-related costs and held US$1.4 billion in unrestricted cash and marketable securities as of March 31, 2019.
