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Alaska Air (ALK) Q1 Loss Narrower than Expected, Revenues Beat Zacks.com 8 hrs ago Alaska Air Group ALK, the parent company of Alaska Airlines, incurred a loss (excluding $2.46 from non-recurring items) of $3.51 per share, narrower than the Zacks Consensus Estimate of a loss of $3.71. In the year-ago quarter, the company incurred a loss of 82 cents. Results were hurt by significant decline in passenger revenues as coronavirus keeps air-travel demand suppressed. Revenues at Alaska Air came in at $797 million, surpassing the Zacks Consensus Estimate of $787.1 million. The top line, however, declined 51.3% year over year. Passenger revenues contributing 82.7% to the top line were down 56% year over year to $659 million due to weak travel demand.

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