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Sep 30, 2024
Alaska Air Q3 2024 Earnings Report
Alaska Air Group reported strong Q3 2024 results, led the industry in adjusted pretax margin, and completed the acquisition of Hawaiian Airlines.
Key Takeaways
Alaska Air Group reported a strong third quarter with GAAP earnings per share of $1.84 and an adjusted pretax margin of 13.0%, leading the industry. The acquisition of Hawaiian Airlines was completed on September 18, 2024, and the results include 13 days of Hawaiian Airlines' financials.
Reported GAAP net income of $236 million, or $1.84 earnings per share.
Reported adjusted net income of $289 million, or $2.25 earnings per share, exceeding original guidance.
Adjusted pretax margin of 13.0% led industry peers.
Completed $2 billion in financing backed by the Mileage Plan program to refinance debt acquired with Hawaiian Airlines.
Revenue by Segment
Forward Guidance
For the fourth quarter, the company expects capacity to be up 1.5% to 2.5% versus 2023, CASMex to be up high single digits, RASM to be up mid single digits, economic fuel cost per gallon to be $2.55 to $2.65, and adjusted earnings per share to be $0.20 to $0.40. Full year 2024 EPS is expected to finish above the midpoint of the previous guidance of $3.50 to $4.50 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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