Alaska Air Q3 2022 Earnings Report
Key Takeaways
Alaska Air Group reported a net income of $40 million, or $0.31 per share, and an adjusted net income of $325 million, or $2.53 per share. The company recorded $2.8 billion in operating revenues, the highest in its history, and maintained a strong balance sheet with $3.2 billion in unrestricted cash and marketable securities.
Achieved adjusted pretax margins of 15.6%.
Recorded record third quarter operating revenue of $2.8 billion.
Finalized new contracts with ALPA, IBT and IAM represented employees.
Delivered an excellent operation, with 99% completion rates for both mainline and regional for the quarter.
Alaska Air
Alaska Air
Alaska Air Revenue by Segment
Forward Guidance
Fourth Quarter 2022 Forecast Information: Capacity (ASMs) % change versus 2019 Down 7% to 10%. Passenger load factor 83% to 86%. Total revenue % change versus 2019 Up 12% to 15%. Cost per ASM excluding fuel and special items (CASMex) % change versus 2019 Up 20% to 23%. Economic fuel cost per gallon $3.50 to $3.70. Non-operating expense (benefit) ($3M) to ($5M)
Revenue & Expenses
Visualization of income flow from segment revenue to net income