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Sep 30, 2020
Alaska Air Q3 2020 Earnings Report
Alaska Air Group reported a net loss for Q3 2020 due to the impact of the COVID-19 pandemic, but is gaining momentum with improved flight offerings and passenger numbers.
Key Takeaways
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.
Reported net loss of $431 million, or $3.49 per diluted share, under GAAP.
Adjusted net loss of $399 million, or $3.23 per diluted share, excluding certain items.
Maintained adjusted net debt of $1.7 billion.
Held $3.8 billion in unrestricted cash and marketable securities as of Sept. 30, 2020.
Alaska Air
Alaska Air
Alaska Air Revenue by Segment
Revenue by Segment
Cargo Revenue
CapyFin.com Forward Guidance
No specific forward guidance provided in the release.