Alaska Air Group Q1 2016 net income increases YoY

Alaska Air Group, Inc., (NYSE: ALK) has reported first quarter 2016 GAAP net income of USD184 million, or USD1.46 per diluted share, compared to USD149 million, or USD1.12 per diluted share in the first quarter of 2015, the company said.

Excluding the impact of mark-to-market fuel hedge adjustments, the company reported record adjusted net income of USD183 million, or USD1.45 per diluted share, compared to adjusted net income of USD149 million, or USD1.12 per diluted share, in 2015.

Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK), together with its partner regional airlines, serves nearly 100 cities through an expansive network in the United States, Canada and Mexico.