Alaska Air Q2 2021 Earnings Report

Alaska Air Group reported a net income of $397 million for Q2 2021, marking a significant recovery from the net loss in Q2 2020. The company is executing its plan, rebuilding its network, and leveraging capacity to meet growing demand.

Key Takeaways

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.

Reported GAAP net income of $397 million, or $3.15 per share, compared to a net loss of $214 million, or $1.74 per share in Q2 2020.

Excluding adjustments, the adjusted net loss was $38 million, or $0.30 per share, compared to an adjusted net loss of $439 million, or $3.57 per share in Q2 2020.

Held $4.0 billion in unrestricted cash and marketable securities as of June 30, 2021.

Generated $840 million in operating cash flow in the second quarter, inclusive of $489 million of PSP funding.

Previous year: -$3.54

-91.5%

Revenue per ASM

$0.114