Alaska Air Earnings Reports

Alaska Air Group Inc. reported strong Q4 2024 results, with adjusted earnings per share exceeding guidance due to revenue and cost improvements. The company's full-year revenue reached a record $11.7 billion. The acquisition of Hawaiian Airlines was completed, and the company is focused on achieving $1 billion in incremental pretax profit over the next three years.

Alaska Air Group reported a strong third quarter with GAAP earnings per share of $1.84 and an adjusted pretax margin of 13.0%, leading the industry. The acquisition of Hawaiian Airlines was completed on September 18, 2024, and the results include 13 days of Hawaiian Airlines' financials.

Alaska Air Group reported a net income of $220 million, or $1.71 per share, for the second quarter of 2024. The company achieved a completion rate of 99.5% and reached a tentative agreement with Alaska flight attendants. Record quarterly revenue was achieved with an adjusted pretax margin of 15.8%.

Alaska Air Group reported a net loss of $132 million, or $1.05 per share, for the first quarter of 2024. The company's results were significantly impacted by Flight 1282 and the Boeing 737-9 MAX grounding, but exceeded initial expectations due to capacity planning, network optimization, and cost control. The company received $162 million in initial cash compensation from Boeing.

Alaska Air Group reported a net loss of $2 million for the fourth quarter of 2023, or $0.02 per share. However, the company achieved record annual operating revenue of $10.4 billion. The company is navigating a challenging start to 2024, and they completed the sale of ten Airbus A321neos to American Airlines.

Alaska Air Group reported a net income of $139 million, or $1.08 per share, for the third quarter of 2023. Excluding special items and mark-to-market fuel hedge accounting adjustments, net income was $237 million, or $1.83 per share. The company recorded $2.8 billion in operating revenue and reduced CASM excluding fuel and special items by 5% compared to the third quarter of 2022.

Alaska Air Group reported a strong second quarter with industry-leading adjusted pre-tax margins of 18.3% on record quarterly revenue. The company prioritized reliability, leading to improved predictability for guests and employees, record revenue, and a foundation for long-term profitable growth.

Alaska Air Group reported a net loss of $142 million for Q1 2023, but excluding special items and fuel hedge adjustments, the net loss was $79 million. The company is on track to meet its full-year financial targets, including an adjusted pre-tax margin of 9% to 12%.

Alaska Air Group reported a net income of $22 million, or $0.17 per diluted share, for the fourth quarter of 2022. Excluding special items and mark-to-market fuel hedge accounting adjustments, net income was $118 million, or $0.92 per diluted share. The company recorded $2.5 billion in operating revenue for the quarter.

Alaska Air Group reported a net income of $40 million, or $0.31 per share, and an adjusted net income of $325 million, or $2.53 per share. The company recorded $2.8 billion in operating revenues, the highest in its history, and maintained a strong balance sheet with $3.2 billion in unrestricted cash and marketable securities.

Alaska Air Group announced a strong second quarter with record revenues of $2.7 billion. The company flew a record load factor of 88% and achieved a 14% adjusted pretax margin. Revenue in June topped $1 billion, the highest single month in the company's history.

Alaska Air Group reported a net loss of $143 million for the first quarter of 2022, or $1.14 per share. Excluding special items and mark-to-market fuel hedge accounting adjustments, the net loss was $167 million, or $1.33 per share. The company generated $287 million in operating cash flow and held $2.9 billion in unrestricted cash and marketable securities.

Alaska Air Group reported a net income of $18 million, or $0.14 per diluted share, for the fourth quarter of 2021. The company's adjusted pre-tax margin was 2.4%, marking one of the industry’s most profitable performances in Q4. They repaid $112 million in debt in the fourth quarter and held $3.1 billion in unrestricted cash and marketable securities as of December 31, 2021.

Alaska Air Group reported a net income of $194 million, or $1.53 per share, for the third quarter of 2021, compared to a net loss of $431 million, or $3.49 per share in the third quarter of 2020. The company's adjusted pre-tax margin for the third quarter of 2021 was 12%.

Alaska Air Group reported a GAAP net income of $397 million, or $3.15 per share, for the second quarter of 2021, compared to a net loss of $214 million, or $1.74 per share in the second quarter of 2020. Excluding certain adjustments, the adjusted net loss was $38 million, or $0.30 per share.

Alaska Air Group reported a GAAP net loss of $131 million, or $1.05 per share, for the first quarter of 2021, compared to a net loss of $232 million, or $1.89 per share in the first quarter of 2020. Excluding certain items, the adjusted net loss was $436 million, or $3.51 per share. The company is focused on returning to profitability through cost control and productivity improvements.

Alaska Air Group reported a net loss of $430 million, or $3.47 per diluted share, for the fourth quarter of 2020, compared to net income of $181 million, or $1.46 per diluted share, in 2019. The adjusted net loss for the fourth quarter was $316 million, or $2.55 per diluted share. The company accessed approximately $5 billion in new liquidity in 2020 and held $3.3 billion in unrestricted cash and marketable securities as of December 31, 2020.

Alaska Air Group reported a GAAP net loss of $431 million, or $3.49 per diluted share, for the third quarter of 2020, compared to net income of $322 million, or $2.60 per diluted share in the third quarter of 2019. Excluding certain items, the adjusted net loss was $399 million, or $3.23 per diluted share. The company reduced its cash burn and maintained its adjusted net debt.

Alaska Air Group reported a GAAP net loss of $214 million, or $1.73 per diluted share, for the second quarter of 2020, compared to net income of $262 million, or $2.11 per diluted share in Q2 2019. Excluding certain items, the adjusted net loss was $439 million, or $3.54 per diluted share, compared to an adjusted net income of $270 million, or $2.17 per diluted share in 2019. The company lowered its cash burn rate significantly and held $2.8 billion in unrestricted cash and marketable securities as of June 30, 2020.

Alaska Air Group reported a GAAP net loss of $232 million, or $1.87 per diluted share, for the first quarter of 2020, compared to a net income of $4 million, or $0.03 per diluted share in the first quarter of 2019. The results were significantly impacted by the COVID-19 pandemic, which led to a sharp decline in demand starting in February and overwhelming cancellations in March. The company is focused on ensuring the health and safety of guests and employees, preserving financial strength, and planning for the future.

Alaska Air Group reported strong fourth-quarter results, with a net income of $181 million, or $1.46 per diluted share. Adjusted net income, excluding merger-related costs and fuel hedging adjustments, was also $181 million, or $1.46 per diluted share. The company saw an 8% increase in passenger revenues compared to the fourth quarter of 2018.