Revenue segments as reported by the company.

Passenger revenues

Mileage Plan other revenues

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Revenue Segments

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

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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

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Special items - impairment charges and other

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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OpEx Y/Y

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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

Earnings data Q2 2021

Earnings data Q3 2021

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

Earnings data Q3 2023

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.

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Cost of revenue

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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.

Full-year revenue jumped nearly 10% -- with 9% fewer passengers.

With Air Travel Demand Surging, Is Alaska Air Stock a Buy?

Shares of the airline are up 1.21% over the past five days and even higher at a 22.96% gain over the past month. However, the company isn't looking too good over the past year, as it's currently down 4.26%.

Analyzing Alaska Air's Recent Earnings

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Here is how Alaska Air Group (ALK) and Delta Air Lines (DAL) have performed compared to their sector so far this year.

Is Alaska Air Group (ALK) Outperforming Other Transportation Stocks This Year?

The mean of analysts' price targets for Alaska Air (ALK) points to a 27.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Alaska Air (ALK) Could Surge 27.43%: Read This Before Placing a Bet

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Tech industry cutbacks are having an impact on business travel. During a Thursday (Jan. 26) earnings call, Alaska Airlines reported that while its overall corporate travel volume has recovered to 75% of pre-pandemic levels, the tech industry-heavy West Coast has lagged behind.

Alaska Airlines Says Tech Sector Business Travel ‘Severely Depressed'

Alaska Air Group, Inc. (NYSE:ALK ) Q4 2022 Earnings Conference Call January 26, 2023 11:30 AM ET Company Participants Emily Halverson - VP, Finance, Controller & Principal Accounting Officer Andrew Harrison - Chief Revenue Officer, Chief Commercial Officer & EVP Shane Tackett - CFO & EVP, Finance Benito Minicucci - President, CEO & Director Nathaniel Pieper - SVP, Fleet, Finance and Alliances Conference Call Participants Andrew Didora - Bank of America Merrill Lynch Jamie Baker - JPMorgan Chase & Co. Catherine O'Brien - Goldman Sachs Group Helane Becker - Cowen and Company Savi Syth - Raymond James & Associates Ravi Shanker - Morgan Stanley Daniel McKenzie - Seaport Research Partners Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Conor Cunningham - Melius Research Duane Pfennigwerth - Evercore ISI Operator Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2022 Fourth Quarter Earnings Call. [Operator Instructions].

Alaska Air Group, Inc. (ALK) Q4 2022 Earnings Call Transcript

Alaska Air's (ALK) fourth-quarter 2022 revenues benefit from contributions from passenger revenues.

Alaska Air (ALK) Q4 Earnings Surpass Estimates, Rise Y/Y

Alaska Air (ALK) delivered earnings and revenue surprises of 2.22% and 1.02%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Alaska Air Group (ALK) Q4 Earnings Beat Estimates

Delivered industry-leading full-year adjusted pretax margin of 7.6%;  Record annual revenue of $9.6 billion, up 10% versus 2019;  Employees hard work recognized with performance-based bonuses totaling 10.5% of annual pay SEATTLE , Jan. 26, 2023 /PRNewswire/ -- Alaska Air Group Inc. (NYSE: ALK) today reported financial results for the fourth quarter and full year ended Dec. 31, 2022, and provided an outlook for the first quarter ending March 31, 2023. "2022 was a year of significant recovery and accomplishment for Alaska Airlines," said Alaska Airlines CEO Ben Minicucci.

Alaska Air Group delivers strong fourth quarter 2022 and full-year results

SEATTLE , Jan. 25, 2023 /PRNewswire/ -- Alaska Airlines announced today the completion of our transition to paper cups for inflight beverages, a move which eliminates more than 55 million plastic cups annually and replaces them with a more planet-friendly alternative. The change to paper cups makes Alaska Airlines the first U.S. airline to eliminate plastic cups.

Alaska Airlines eliminates inflight plastic cups: West Coast-based airline becomes first U.S. carrier to replace plastic with planet-friendly alternative

Alaska Airlines will invest $25 million to upgrade its regional jets with a new WiFi system from Intelsat capable of download speeds in the hundreds of megabits per second, using both traditional geostationary and new low-Earth orbit satellites.

Alaska Airlines and Intelsat to roll out next-gen satellite WiFi on regional jets starting in 2024

In partnership with Intelsat, we intend to be the first global airline to outfit regional jets with high-speed connectivity to create a consistent experience across our fleet  SEATTLE , Jan. 24, 2023 /PRNewswire/ -- As Alaska Airlines elevates its regional flying experience with an all-jet fleet, we're excited to become the first major airline to announce plans to offer streaming-fast satellite Wi-Fi on a regional jet aircraft. We have selected Intelsat's newest satellite Wi-Fi technology to make that happen.

Alaska Airlines plans streaming-fast satellite Wi-Fi upgrades to our E175 regional jets

Alaska Air (ALK) expects fourth-quarter 2022 total revenues to increase 13-14% from the fourth quarter of 2019 actuals. Fuel price per gallon is expected in the range of $3.50-$3.60.

What's in the Cards for Alaska Air (ALK) in Q4 Earnings?

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Alaska Air soared 11% last week on news that the company plans to recruit 3,500 new employees in a variety of roles and functions.

Can Alaska Air Continue Soaring Above The Airline Industry?

Bank of America

Cardholders now enjoy new ways to earn double miles on everyday purchases,  priority boarding, expanded free checked bag privileges; for a limited time,  new cardholders can receive 70,000 bonus miles after making qualifying purchases SEATTLE , Jan. 18, 2023 /PRNewswire/ -- A new year reveals new reasons to celebrate what makes the Alaska Airlines Visa Signature® credit card, co-branded with Bank of America, better and more valuable than ever. Our current and new cardholders can now take advantage of enhanced benefits when they use the card while traveling with us and while making everyday purchases – from earning more miles in new ways to boarding their flight earlier to continued savings with a free checked bag and Alaska's Famous Companion Fare™.

Alaska Airlines and Bank of America announce enhanced benefits to our Visa Signature® card

Alaska Air's (ALK) plan to hire more than 3,500 employees this year looks encouraging.

Alaska Air (ALK) to Recruit More Than 3,500 Employees This Year

Alaska Air Group ALK, +2.87% on Tuesday said it would hire more than 3,500 new employees this year, as it bulks up its fleet with new jets. The openings are largely for positions at the airline's hubs in Seattle and Portland, and elsewhere along the West Coast, the company said in a statement.

Alaska Airlines to hire more than 3,500 people amid industry's staffing constraints

SEATTLE , Jan. 10, 2023 /PRNewswire/ -- If you've ever thought about working for an airline, 2023 might be your year. Alaska Airlines is announcing plans to hire more than 3,500 new employees this year in a variety of roles and functions.

Alaska Airlines plans to hire more than 3,500 employees in 2023

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SEATTLE, Jan. 6, 2023 /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2022 fourth quarter financial results at 11:30 a.m. EST/ 8:30 a.m. PST, Thursday, Jan. 26, 2023. A webcast of the call will be available to the public at www.alaskaair.com/investors. An archive of the call will be posted on the website later that morning.

News for Alaska Air Group Stock (ALK)