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Jun 30, 2022

Alaska Air Q2 2022 Earnings Report

Alaska Air Group reported record-breaking second quarter 2022 results, with record quarterly revenues driven by improved operational performance and strong demand.

Key Takeaways

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.

Reported net income for the second quarter of 2022 was $139 million, or $1.09 per share.

Adjusted net income for the second quarter of 2022 was $280 million, or $2.19 per share.

Generated $948 million in operating cash flow for the second quarter.

Flew a record load factor for the quarter of 88%.

Total Revenue
$2.66B
Previous year: $1.53B
+74.1%
EPS
$2.19
Previous year: -$0.3
-830.0%
RASM
17.03
Previous year: 0.11
+14864.9%
Load factor
88.1%
Previous year: 77%
+14.4%
CASMex
9.92
Previous year: 0.09
+10682.6%
Gross Profit
$588M
Previous year: $680M
-13.5%
Cash and Equivalents
$778M
Previous year: $1.03B
-24.1%
Free Cash Flow
$604M
Previous year: $765M
-21.0%
Total Assets
$14.8B
Previous year: $14.7B
+1.0%

Alaska Air

Alaska Air

Alaska Air Revenue by Segment

Forward Guidance

Third Quarter and Full Year 2022 Outlook

Revenue & Expenses

Visualization of income flow from segment revenue to net income