Hudson Securities Reports Good 1Q For Alaska Air Group

According to Hudson Securities, Alaska Air Group ALK saw a good 1Q. Hudson Securities said that Alaska reported 1Q revenues of $965.2M, an operating profit of $61.9M (a 6.4% operating margin), and net income of $29.6M excl 1x items, or an EPS of $0.80 which bettered a consensus view of $0.71, though was shy of the $0.90 estimate; the primary difference vs the model was other operating costs. Solid results for the seasonally weakest quarter of the year. Alaska Air Group closed yesterday at $60.58.