Revenue segments as reported by the company.

Passenger revenues

Mileage Plan other revenues

Cargo and other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Wages and benefits

Variable incentive pay

Payroll support program wage offset

Aircraft fuel, including hedging gains and losses

Aircraft maintenance

Aircraft rent

Landing fees and other rentals

Contracted services

Selling expenses

Depreciation and amortization

Food and beverage service

Third-party regional carrier expense

Other

Special items - impairment charges and other

Special items - restructuring charges

Special items - merger-related costs

Special items - labor ratification bonus

Special items - integration costs

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Alaska Air Group

Alaska Air Group, Inc. is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional and Horizon. The Mainline segment includes Alaska's Boeing or Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Canada, Mexico, and Costa Rica. The Regional segment consists of Horizon's and other third-party carriers’ scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPAs). The Horizon segment includes the capacity sold to Alaska under CPA. The company was founded in 1985 and is headquartered in Seattle, WA.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Alaska Air Group posts strong earnings, eyes growth and efficiency

Alaska Air Group delivered robust financial performance in Q4 2022 and outlined ambitious plans for 2023, focusing on profitability, growth, and operational enhancements.
While facing challenges in fuel hedging strategies and uncertainties in revenue guidance, the company remains poised to capitalize on opportunities in revenue growth and operational improvements.
By addressing challenges, leveraging strengths, and seizing opportunities, Alaska Air Group aims to navigate market dynamics effectively and drive sustainable value for shareholders and stakeholders.
The company's strategic focus on network expansion, cost discipline, and customer engagement positions it well to achieve its financial targets and enhance competitiveness in the airline industry.

Alaska Air Group reports Q1 loss but eyes strong margins and growth opportunities

Alaska Air Group navigated Q1 challenges with improvements in operational metrics and a focus on efficiency. The company's strong balance sheet, strategic partnerships, and proactive measures position it well for peak summer flying. Despite economic uncertainties, Alaska Air Group remains confident in achieving strong margins and driving growth through operational resiliency and strategic initiatives.

Alaska Air Group excels in Q2 earnings, eyes cost reductions

Alaska Air Group's Q2 performance reflects strong earnings, operational excellence, and strategic focus on stability and cost control amidst industry challenges.
The company's financial strength, liquidity, and operational efficiency position it well for future growth, with opportunities for cost reductions and revenue growth in 2024.
Challenges in fare softness and pricing pressures require strategic adjustments, while opportunities in capacity reallocation and market expansion offer avenues for sustained growth.
Alaska Air Group's adaptability to changing market dynamics, focus on customer demand, and operational resilience underscore its competitive positioning and growth potential.

Alaska Air Group reports robust Q3 earnings amidst industry challenges

Alaska Air Group delivered strong financial performance in Q3, driving down unit costs and maintaining liquidity amidst challenging headwinds.
The airline's strategic focus on market share, premium offerings, and cost discipline positions it well for long-term success despite near-term challenges.
Positive trends in corporate travel, revenue generation, and margin improvement highlight growth opportunities for Alaska Air Group in a recovering travel market.

Alaska Air Group reports record revenue despite 737 MAX challenges

Alaska Air Group navigated challenges from the 737 MAX 9 grounding to achieve strong financial performance and record revenue. The company is focused on improving operational efficiency, reducing losses, and capitalizing on opportunities in premium loyalty and ancillary revenues.

Alaska Air Group exceeds Q1 goals, raises full-year guidance

Alaska Air Group navigated challenges to achieve improved performance and outlook. Strategic focus on growth areas and cost management. Ongoing efforts to optimize operations and explore new revenue streams.

Alaska Air Group posts record revenue, navigates challenges for growth

Alaska Air Group's Q2 performance reflects strong financial results, driven by record revenue and cost management, with a strategic focus on margin and profitability.
The company's strengths lie in operational excellence, premium exposure, and margin targets, while challenges include adjusting EPS guidance and balancing growth with profitability.
Opportunities for Alaska Air Group include the planned acquisition of Hawaiian Airlines, market competitiveness, and revenue growth through premium segment investments.
Overall, Alaska Air Group aims to maintain its position as a top margin producer, deliver exceptional guest experiences, and drive revenue growth through strategic initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Alaska Air Group, Inc. is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional, and Horizon. The Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, Costa Rica and Belize. The Regional segment consists of Horizon's and other third-party carriers’ scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment encompasses the capacity sold to Alaska under a CPA. The company was founded in 1985 and is headquartered in Seattle, WA.

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Buoyant air travel demand bodes well for the Zacks Transportation - Airline industry. Stocks like UAL, ALK and CPA appear well-poised to capitalize on this rosy scenario.

3 Airline Stocks to Watch From a Promising Industry

The average of price targets set by Wall Street analysts indicates a potential upside of 26.4% in Alaska Air (ALK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Alaska Air (ALK) Have the Potential to Rally 26.43% as Wall Street Analysts Expect?

Alaska Air (ALK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Alaska Air (ALK) Rating Upgrade to Buy

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Investors with an interest in Transportation - Airline stocks have likely encountered both Alaska Air Group (ALK) and Ryanair (RYAAY). But which of these two companies is the best option for those looking for undervalued stocks?

ALK or RYAAY: Which Is the Better Value Stock Right Now?

Here is how Alaska Air Group (ALK) and International Seaways (INSW) have performed compared to their sector so far this year.

Is Alaska Air Group (ALK) Stock Outpacing Its Transportation Peers This Year?

Alaska Air (ALK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Alaska Air (ALK) Is Still Trading at a Bargain

Alaska Air (NYSE: ALK) recently reported its Q1 results, with top line and bottom line exceeding the street estimates. The company reported revenue of $2.23 billion and an adjusted loss per share of $0.92, compared to the consensus estimates of $2.18 billion in sales and loss per share of $1.09.

Should You Pick Alaska Airlines Stock At $45 After Q1 Beat?

Alaska Air Group, Inc. (NYSE:ALK ) Q1 2024 Earnings Conference Call April 18, 2024 11:30 AM ET Company Participants Ryan St. John - VP, Finance, Planning & Investor Relations Ben Minicucci - President & CEO Andrew Harrison - Chief Revenue Officer & Chief Commercial Officer Shane Tackett - CFO Nat Pieper - SVP, Fleet, Finance & Alliances & Treasurer Diana Birkett Rakow - SVP, Public Affairs and Sustainability, Alaska Airlines Conference Call Participants Andrew Didora - BofA Global Research Helane Becker - TD Cowen Ravi Shanker - Morgan Stanley Duane Pfennigwerth - Evercore ISI Jamie Baker - JPMorgan Scott Group - Wolfe Research Stephen Trent - Citigroup Conor Cunningham - Melius Research Mike Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Christopher Stathoulopoulos - Susquehanna Financial Group Operator Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2024 First Quarter Earnings Call. [Operator Instructions] Today's call is being recorded and will be accessible for future playback at alaskaair.com.

Alaska Air Group, Inc. (ALK) Q1 2024 Earnings Call Transcript

Alaska Air's (ALK) first-quarter 2024 revenues benefit from contributions from passenger revenues.

Alaska Air (ALK) Incurs Q1 Loss, Tops Revenue Estimates

Alaska Air Group (NYSE:ALK) has forecast better-than-expected profits for the second quarter, sending shares of the airline more than 6% higher. It expects to report earnings per share (EPS) in the range of $2.20 to $2.40 for the quarter ending in June, above Wall Street expectations of $2.17.

Alaska Air shares take flight on strong profit forecast

Shares of Alaska Air Group (ALK) took off in intraday trading Thursday after the airline posted better-than-expected results and guidance as travel demand boomed, helping to offset the effects of a January flight emergency.

Alaska Air Overcomes January Midair Incident as Travel Demand Surges

While the top- and bottom-line numbers for Alaska Air (ALK) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Alaska Air (ALK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Alaska Air Group (ALK) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $1.09. This compares to loss of $0.62 per share a year ago.

Alaska Air Group (ALK) Reports Q1 Loss, Tops Revenue Estimates

Alaska Air's start to the year has been far from smooth but the turbulence may be easing.

Alaska Air Is Moving Past Its Boeing Problems. The Stock Is Rising After Earnings Report.

Alaska Air Group's stock rose 1.6% early Thursday, after the regional airline posted a narrower-than-expected first-quarter loss and revenue that beat analyst estimates.

Alaska Air's stock up 1.6% after carrier's loss is narrower than expected and revenue tops estimates

Boeing

Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.

Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding

Alaska Air Group forecast a better-than-expected profit for the current quarter on Thursday, driven by strong travel demand and expectations for a strong summer season.

Alaska Air forecasts second-quarter profit above estimates on strong travel demand

Alaska Air Group is not concerned about the production rate of Boeing's 737 MAX planes as it is more focused on the quality and safety of the planemaker's jets, a top company executive said on Thursday.

Alaska Air prioritizes quality, safety of Boeing products over production rate

Achieved record first quarter operating revenue of $2.2 billion Ratified new agreement with AMFA-represented employees SEATTLE , April 18, 2024 /PRNewswire/ -- Alaska Air Group (NYSE: ALK) today reported financial results for the first quarter ending March 31, 2024, and provided outlook for the second quarter ending June 30, 2024.  "I want to recognize Alaska's employees for their uncompromising prioritization of safety, for taking great care of our guests, and for delivering strong performance in the first quarter," said CEO Ben Minicucci.

Alaska Air Group reports first quarter 2024 results

Wall Street's spotlight is turning to the nationwide ground stop for Alaska Airlines (NYSE: ALK ), which the Federal Aviation Administration (FAA) recently lifted. While this was a concerning news item following a major safety issue earlier this year, ALK stock is actually gaining significantly today.

ALK Stock Up Despite FAA Issuing Nationwide Ground Stop for Alaska Airlines

The carrier says there might be residual delays throughout the day Wednesday.

Alaska Air Resumes Flights After Technology Problem

The Federal Aviation Administration issued an advisory Wednesday morning for Alaska Airlines to pause departures across all airports Wednesday, a halt the major airline said was related to a problem with its system for calculating weight.

Alaska Airlines Pauses All Departures Nationwide After Tech Issue

The U.S. Federal Aviation Administration on Wednesday issued a ground stop advisory for Alaska Airlines , saying: "All Alaska mainline and subcarrier flights ground stopped."

US FAA issues ground stop advisory for Alaska Airlines

Beyond analysts' top -and-bottom-line estimates for Alaska Air (ALK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Countdown to Alaska Air (ALK) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

Alaska Air's (ALK) bottom line is under pressure from increasing fuel costs, which is likely to impact its upcoming first-quarter earnings results.

News for Alaska Air Group Stock (ALK)