Shares of Alaska Air Group (ALK) are up 7.1% to $50.09 after the company reported record third quarter net income of $200 million, a 27% increase over the third quarter of 2013. The company, which operates two airlines, Alaska Airlines and Horizon Air, reported adjusted earnings per share of $1.47 per diluted share, a 32% increase over the third quarter of 2013 and ahead of First Call analysts’ consensus estimate of $1.42 per share.
“This was our best quarterly result ever,” CEO Brad Tilden said, adding, that the company is working hard “to run a great operation, keep fares low, and deliver award winning service to customers.” See Full Story at The Street
