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Jun 30, 2024

Alaska Air Q2 2024 Earnings Report

Alaska Air Group reported second quarter 2024 results, achieving record quarterly revenue and an adjusted pretax margin of 15.8%.

Key Takeaways

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%.

Reported net income of $220 million, or $1.71 per share.

Adjusted net income was $327 million, or $2.55 per share.

Generated $580 million in operating cash flow.

Completion rate of 99.5%, among the highest in the industry.

Total Revenue
$2.9B
Previous year: $2.84B
+2.1%
EPS
$2.55
Previous year: $3
-15.0%
RASM
0.16
Previous year: 0.17
-3.7%
Load factor
84.1%
Previous year: 87%
-3.3%
Yield
0.17
Previous year: 0.17
-0.5%
Gross Profit
$743M
Previous year: $786M
-5.5%
Cash and Equivalents
$1.12B
Previous year: $536M
+108.0%
Free Cash Flow
$50M
Previous year: $100M
-50.0%
Total Assets
$15.3B
Previous year: $14.8B
+3.5%

Alaska Air

Alaska Air

Alaska Air Revenue by Segment

Forward Guidance

The report provides outlook for the third quarter ending September 30, 2024 and full year 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income