How Profitable Is Alaska Air?

An Alaska Airlines Boeing 737-9 MAX sits at gate at O'Hare International Airport in Chicago, ... [+] Illinois on May 22, 2024. (Photo by Daniel SLIM / AFP) (Photo by DANIEL SLIM/AFP via Getty Images)AFP via Getty ImagesAlaska Air (NYSE: ALK) saw its net income surge by 300% y-o-y to $235 million in 2023. This can primarily be attributed to higher revenues, and lower fuel costs. Even if we look at a slightly longer term, the net margins have expanded. In this note, we discuss Alaska Air’s margin profile alon ...