Financial

Passenger traffic up 2.6% with growth of 7.0% YoY in Argentina, 7.5% in Ecuador, and 10.4% in Armenia partially offset by declines in other countries of operations

US GAAP Net Income was $249.7 million or $1.19 per share and Adjusted Net Income was $275.8 million or $1.31 per share. Last year, US GAAP Net Income was $218.7 million or $1.02 per share, and Adjusted Net Income was $232.8 million or $1.09 per share.

9.0% TRASM Increase, 5.8% Reduction of Unit Cost Excluding Fuel and Cash Flow Generation

Alaska Air Group Inc., yesterday reported first quarter 2019 GAAP net income of $4 million, or $0.03 per diluted share, compared to $4 million, or $0.03 per diluted share in the first quarter of 2018. Excluding the impact of merger-related costs and mark-to-market fuel hedge adjustments, the company reported adjusted net income of $21 million, or $0.17 per diluted share, compared to $18 million, or $0.14 per diluted share, in 2018.

First quarter net income and earnings per diluted share of $387 million and $.70, respectively – First quarter record operating revenues of $5.1 billion

The Boeing Company [NYSE: BA] reported first-quarter revenue of $22.9 billion, GAAP earnings per share of $3.75 and core earnings per share (non-GAAP) of $3.16, reflecting lower 737 deliveries partially offset by higher defense and services volume. Boeing generated operating cash flow of $2.8 billion and paid $1.2 billion of dividends.

First quarter 2019 revenue per available seat mile (RASM) declined 3.1%, year over year, driven by holiday calendar placement, improved completion factor and certain areas of softness observed in the trough period. Excluding the 0.75 point impact from high completion factor, RASM declined 2.4% year over year, slightly better than the mid-point of our guidance range of down (3.5%) to down (1.5%).

March quarter 2019 GAAP pre-tax income of $946 million, net income of $730 million and earnings per diluted share of $1.09 on total revenue of $10.5 billion

Travelzoo is setting investors at ease with a jump in profits, even as global trade tensions aggravate business in Asia.

The online travel company hopes that experiences and restaurants will pick up the slack.