Alaska Air Q2 swings to loss on fuel cost spike, offsetting revenue gains

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"
• The average consensus recommendation for the airlines peer group is "buy"
• Wall Street's median 12-month price target for Alaska Air Group Inc is $63.75, about 40.2% above its July 21 closing price of $45.46
• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 8 three months ago

• US airline's Q2 revenue rose 10%, slightly beating analyst expectations
• Adjusted EPS loss for Q2 was smaller than analysts expected
• Company cited higher fuel costs and Hawaii travel disruption as main drivers of Q2 loss

Key details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.