Shares of Alaska Air Group (ALK) took off in intraday trading Thursday after the airline posted better-than-expected results and guidance as travel demand boom🍨ed, helping to offset the effects of a January flight emergency.

The carrier reported a first-quarter adjusted loss of $116 million, or $0.92 per share, with revenue rising 1.6% to $2.23 billion. Both beat estimates.

Alaska Air’s results were impacted by a midair incident on Jan. 5 in which a door plug on a Boeing (BA) 737 Max 9 jet blew out, leading to a 澳洲幸运5官方开奖结果体彩网:temporary grounding of some of the airline's planes. Earlier this month, Alaska Air 澳洲幸运5官方开奖结果体彩网:announced that Boeing had paid $160 million in compensation during the first🐎 quarter for lost revenue from the Flight 1282 incident, and in this report noted the total was actually $162 million. The carrier has indica👍ted it expects further payments from Boeing in the future.

Alaska Air explained that its unit revenue rose 3.8%, exceeding its forecasts, “driven by better-than-expected performance from our Q1 network reconfiguration, strong return of West Coast corporate travel, and robust close-in leisure demand.” It pointed out that unit revenue would have been up 5% had it not been for the losses caused by the Flight 1282 event.

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Ben Minicucci said that "despite significant challenges to start the year our results 🔯have far exceeded initia🌺l expectations.”

The airline noted it sees current quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) in the range of $2.20 to $2.40, aꩲbove analysts’ fore𒁏casts.

Alaska Air Group shares climbed 7% as of 11:15 a.m. ET Thursday to $45.70, their highest level since August.