** charts before earnings **
** charts after earnings **
Alaska Air beats by $0.05, reports revs in-line; raises dividend 38%; guides Q1, FY16 :
- Reports Q4 (Dec) adj. earnings of $1.46 per share, $0.05 better than the Capital IQ Consensus of $1.41; revenues rose 5.4% year/year to $1.38 bln vs the $1.38 bln Capital IQ Consensus.
- PRASM -6.6%.
- Guidance: Sees Q1 capacity +13.5%, FY16 +8%; cost per ASM -1.5% Q1, -1% FY16; 42% of FY16 fuel hedged at $68/barrel.
- Announced a 38% increase in the quarterly dividend, from $0.20 per share to $0.275 per share in January 2016. This is the third time the company has raised the dividend since initiating the quarterly dividend in July 2013, with a cumulative increase of 175% since that time.
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