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Dec 31, 2023
Alaska Air Q4 2023 Earnings Report
Alaska Air Group reported a net loss for the fourth quarter of 2023, but achieved record annual operating revenue.
Key Takeaways
Alaska Air Group reported a net loss of $2 million for the fourth quarter of 2023, or $0.02 per share. However, the company achieved record annual operating revenue of $10.4 billion. The company is navigating a challenging start to 2024, and they completed the sale of ten Airbus A321neos to American Airlines.
Reported net loss for the fourth quarter of $2 million, or $0.02 per share.
Reduced CASM excluding fuel and special items by 6.6% in the fourth quarter.
Repurchased approximately 2 million shares of common stock for $75 million in the fourth quarter.
Agreed to purchase Hawaiian Airlines for $18 per share in cash.
Revenue by Segment
Forward Guidance
The report does not contain any forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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