Alaska Air Q1 2021 Earnings Report
Key Takeaways
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.
Reported a net loss of $131 million, or $1.05 per share, compared to a net loss of $232 million, or $1.89 per share in Q1 2020.
Adjusted net loss of $436 million, or $3.51 per share, compared to an adjusted net loss of $102 million, or $0.83 per share in Q1 2020.
Decreased adjusted net debt to $1.6 billion at March 31, 2021, from $1.7 billion at December 31, 2020.
Held $3.5 billion in unrestricted cash and marketable securities as of March 31, 2021, with available total liquidity of $5.3 billion.
Alaska Air
Alaska Air
Alaska Air Revenue by Segment
Forward Guidance
The report does not contain any forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income