For the quarter ended March 2024, Alaska Air Group (ALK) reported revenue of $2.23 billion, up 1.6% over the same period last year. EPS came in at -$0.92, compared to -$0.62 in the year-ago quarter.The reported revenue represents a surprise of +2.42% over the Zacks Consensus Estimate of $2.18 billion. With the consensus EPS estimate being -$1.09, the EPS surprise was +15.60%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.60%. A quarter ago, it was expected that this airline would post earnings of $0.18 per share when it actually produced earnings of $0.30, delivering a surprise of 66.67%.Over the last four quarters, the company has surp ...

An Alaska Airlines Boeing 737 MAX 9 taxis at Seattle-Tacoma International Airport on March 25, 2024 in Seattle, Washington.Alaska Airlines forecast second-quarter and full-year earnings well ahead of estimates on Thursday thanks to strong travel demand, despite a first-quarter loss stemming from a midair blowout of a door plug on a nearly new Boeing 737 Max 9 in January.Alaska forecast adjusted earnings per share of between $2.20 and $2.40, above the $2.12 analysts polled by LSEG expected. For 2024, the car ...

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 ...

Exhibit 99.1 April 18, 2024 Media contact: Investor/analyst contact: Media Relations Ryan St. John (206) 304-0008 VP Finance, Planning and Investor Relations ALKInvestorRelations@alaskaair.com Alaska Air Group reports first quarter 2024 results Achieved record first quarter operating revenue of $2.2 billion Ratified new agreement with AMFA-represented employees SEATTLE — Alaska Air Group (NYSE: ALK) today reported financial results for the first quarter ending March 31, 2024, and provided outlook for the se ...

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. Meanwhile, airplane manufacturer Boeing (NYSE:BA) is seeing shares slip during the Wednesday session.Initially, and without specific explanation, the FAA issued a nationwide ground stop for Alaska Airlines. Nota ...

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.The FAA did not give a reason for the ground stop ordered Wednesday morning, but the airline said it ... [+] was related to its system for calculating weight and balance.The advisory, issued around 7:50 a.m. PT, ordered “all Alaska mainline and subcarrier flights ground sto ...

Alaska Air (ALK) is scheduled to release first-quarter 2024 results on Apr 18 before market open.The company has an unimpressive earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the preceding four quarters and missing twice, the average beat being 11.49%. The Zacks Consensus Estimate for first-quarter earnings has been revised 9.91% upward over the past 60 days.Alaska Air Group, Inc. Price and EPS Surprise Alaska Air Group, Inc. price-eps-surprise | Alaska Air Group, Inc. ...

The hotter-than-expected inflation reading for March has dashed hopes of a June interest rate cut by the Fed. Per data from the Labor Department, the consumer price index rose 0.4% sequentially in March, surpassing economists’ expectations. On a year-over-year basis, the Consumer Price Index rose 3.5% in March, beating the consensus estimate of a 3.4% increase. Moreover, the March rise, following a 3.2% jump in February, was the highest since September 2023.The unfavorable inflation data has led to a rise i ...

Alaska Air Group (ALK) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 18, 2024, might help the stock move higher if these key numbers are better than e ...