Dec 31, 2021

Alaska Air Q4 2021 Earnings Report

Alaska Air Group reported strong Q4 2021 results, achieving an adjusted pre-tax margin of 2.4% and a debt-to-cap ratio of 49%.

Key Takeaways

Alaska Air Group reported a net income of $18 million, or $0.14 per diluted share, for the fourth quarter of 2021. The company's adjusted pre-tax margin was 2.4%, marking one of the industry’s most profitable performances in Q4. They repaid $112 million in debt in the fourth quarter and held $3.1 billion in unrestricted cash and marketable securities as of December 31, 2021.

Reported net income for the fourth quarter of $18 million, or $0.14 per diluted share.

Adjusted pre-tax margin for the fourth quarter of 2021 was 2.4%.

Repaid $112 million in debt in the fourth quarter.

Held $3.1 billion in unrestricted cash and marketable securities as of December 31, 2021.

Total Revenue
$1.9B
Previous year: $808M
+135.0%
EPS
$0.24
Previous year: -$2.55
-109.4%
RASM
13.36
Previous year: 8.39
+59.2%
Load factor
79.4%
Previous year: 45.3%
+75.3%
Yield
15.2
Previous year: 15.06
+0.9%
Gross Profit
$244M
Previous year: -$304M
-180.3%
Cash and Equivalents
$470M
Previous year: $3.35B
-86.0%
Free Cash Flow
$27M
Previous year: -$352M
-107.7%
Total Assets
$14B
Previous year: $14B
-0.7%

Alaska Air

Alaska Air

Alaska Air Revenue by Segment

Forward Guidance

The earnings report also provided an outlook for the first quarter ending March 31, 2022, however, the details were not included in this document.

Revenue & Expenses

Visualization of income flow from segment revenue to net income