ALASKA AIR GROUP Q1 2024 Earnings Safe Harbor This presentation may contain forward-looking statements subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These statements relate to future events and involve known and unknown risks and uncertainties that may cause actual outcomes to be materially different from those indicated by our forward-looking statement ...

Alaska Air Group, Inc. (ALK) reported first-quarter 2024 loss per share of 92 cents, which was narrower than the Zacks Consensus Estimate of a loss of $1.09. In the year-ago reported quarter, ALK reported a loss of 62 cents per share.Operating revenues of $2,232 million surpassed the Zacks Consensus Estimate of $2,179.3 million. The top line jumped 2% year over year, with passenger revenues accounting for 89.7% of the top line and increasing 1% owing to continued recovery in air-travel demand.Passenger reve ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key TakeawaysAlaska Air Group posted a smaller-than-expected first-quarter loss and higher revenue as travel demand helped offset the January midair incident on a Boeing 737 Max 9 jet that led to the grounding of many of its planes.The carrier received $162 million in compensation from Boeing in the first quarter because of the door plug blowout.Alaska Air gave current-quarter guidance that exceeded analysts' estimates. Shares of Alaska Air Group (ALK) took off in intraday trading Thursday after the airline ...

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 ...