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Dec 31, 2020

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
-63.7%
EPS
-$2.55
Previous year: $1.46
-274.7%
RASM
8.39
Previous year: 13.38
-37.3%
Load factor
45.3%
Previous year: 83.7%
-45.9%
Yield
15.06
Previous year: 14.77
+2.0%
Gross Profit
-$304M
Previous year: $482M
-163.1%
Cash and Equivalents
$3.35B
Previous year: $1.52B
+120.0%
Free Cash Flow
-$352M
Previous year: $172M
-304.7%
Total Assets
$14B
Previous year: $13B
+8.1%

Alaska Air

Alaska Air

Alaska Air Revenue by Segment

Forward Guidance

The report does not contain forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income