Alaska Air Group (NYSE: ALK) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Alaska Air Group met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted significantly.

Margins dropped across the board.

Revenue details
 Alaska Air Group chalked up revenue of $1.04 billion. The eight analysts polled by S&P Capital IQ anticipated a top line of $1.04 billion on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $965.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Non-GAAP EPS came in at $0.39. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.35 per share on the same basis. GAAP EPS of $0.56 for Q1 were 45% lower than the prior-year quarter's $1.01 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 23.3%, 830 basis points worse than the prior-year quarter. Operating margin was 7.0%, 790 basis points worse than the prior-year quarter. Net margin was 3.9%, 380 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.20 billion. On the bottom line, the average EPS estimate is $1.42.

Next year's average estimate for revenue is $4.66 billion. The average EPS estimate is $4.60.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alaska Air Group is outperform, with an average price target of $44.96.

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