Alaska Air Group reports Q2 2018 net income of USD 193m

Alaska Air Group has reported second quarter 2018 net income of USD 193m, or USD 1.56 per diluted share, compared to net income of USD 293 million, or USD 2.36 per diluted share in the second quarter of 2017, the company said.

The company has reported in the second quarter 2018:

-Diluted earnings per share of USD 1.66 compared to USD 2.48 reported in the second quarter of 2017.
-Second quarter adjusted net income excluding special items such as merger-related costs and mark-to-market fuel hedge accounting adjustments was USD 206 million compared to USD 309 million in the second quarter of 2017.
-Paid a USD 0.32 per-share quarterly cash dividend in the second quarter, a 7% increase over the dividend paid in the second quarter of 2017.
-Repurchased a total of 389,739 shares of common stock for approximately USD 25 million in the first six months of 2018.
-Generated approximately USD 725 million of operating cash flow, including merger-related costs and other special items.
-Held USD 1.6 billion in unrestricted cash and marketable securities as of June 30, 2018.

Alaska Airlines and its regional partners fly 44 million guests a year to more than 115 destinations with an average of 1,200 daily flights across the United States and to Mexico, Canada and Costa Rica.