Alaska Air Shares Drop 3.08% Ahead of Earnings

Alaska Air Group shares fell 3.08% to $38.70 in the latest trading session. The stock lagged the S&P 500, which lost 0.25%; the Dow fell 0.86%, while the Nasdaq gained 0.24%.

Over the previous month, Alaska Air shares slipped 1.87%. That was a smaller decline than the Transportation sector's 6.09% drop, but larger than the S&P 500's 0.42% loss.

For its upcoming earnings report, Alaska Air is expected to post earnings of $0.46 per share, down 56.19% from the same quarter a year earlier. Zacks' consensus estimate calls for revenue of $4.31 billion, up 14.53%.

For the full year, Zacks forecasts a loss of $1.88 per share and revenue of $15.83 billion. Its consensus estimate for earnings per share has fallen 6.45% over the past 30 days.