February 8, 2017 / 11:40 AM / a year ago

Alaska Air revenue rises 10.7 percent

Feb 8 (Reuters) - Alaska Air Group Inc, which became the fifth-largest U.S. carrier after completing its $2.6 billion acquisition of Virgin America Inc in December, reported a 10.7 percent rise in quarterly revenue as it flew more passengers.

Alaska Air said passenger unit revenue, which compares sales to how many seats an airline flies and how far it flies them, fell about 1 percent in the fourth quarter ended Dec. 31.

The company's net income fell to $114 million, or 92 cents per share, in the quarter from $191 million, or $1.51 per share, a year earlier. (bit.ly/2klw1BL)

Excluding items, Alaska Air earned $1.56 per share in the quarter, compared with $1.46 per share a year earlier.

Total operating revenue rose to $1.52 billion from $1.38 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D‘Silva)

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