Alaska Air Q4 2020 Earnings Report

Alaska Air Group reported a net loss for Q4 2020 due to the impact of the COVID-19 pandemic on passenger demand, but is positioned for a strong future.

Key Takeaways

Alaska Air Group reported a net loss of $430 million, or $3.47 per diluted share, for the fourth quarter of 2020, compared to net income of $181 million, or $1.46 per diluted share, in 2019. The adjusted net loss for the fourth quarter was $316 million, or $2.55 per diluted share. The company accessed approximately $5 billion in new liquidity in 2020 and held $3.3 billion in unrestricted cash and marketable securities as of December 31, 2020.

Reported a GAAP net loss of $430 million, or $3.47 per diluted share, for Q4 2020.

Reported an adjusted net loss of $316 million, or $2.55 per diluted share, excluding certain items.

Accessed approximately $5 billion in new liquidity in 2020.

Held $3.3 billion in unrestricted cash and marketable securities as of December 31, 2020.

Total Revenue

$808M

Previous year: $2.23B