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00:02Alaska Air Group reported a second quarter loss of $0.92 per share,
00:06beating the street estimate for a loss of $0.99, according to Benzinga Prodata.
00:11Revenue totaled $4.07 billion, missing the $4.09 billion consensus estimate.
00:18Fuel costs rose 85% year-over-year to $4.43 per gallon.
00:24CEO Ben Minacucci said the quarter was affected by a fuel spike,
00:27while the airline led the industry in on-time performance during the first half of the year.
00:32Alaska also completed a major Hawaiian integration milestone,
00:36launched service to Europe, and returned to profitability in June.
00:39The company expects third-quarter earnings between $0.00 and $1.00 per share,
00:44below the $1.38 analyst estimate.
00:47Shares were down by 3.43% at $43.90 in Wednesday's pre-market trading,
00:54according to data from Benzinga Pro.
00:56For all things money, visit Benzinga.com.
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