Alaska Air (ALK) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Financial Performance - For the quarter ended March 2025, Alaska Air Group reported revenue of $3.14 billion, which is a 40.6% increase compared to the same period last year [1] - The earnings per share (EPS) was -$0.77, an improvement from -$0.92 in the year-ago quarter [1] - The reported revenue was a surprise of -0.80% compared to the Zacks Consensus Estimate of $3.16 billion, while the EPS surprise was -6.94% against the consensus estimate of -$0.72 [1] Key Metrics - Passenger Load Factor was 81.3%, slightly below the average estimate of 82% [4] - Revenue Passenger Miles (RPM) totaled 17.26 billion, compared to the average estimate of 17.42 billion [4] - Total Revenue per Available Seat Mile (RASM) was 14.79 cents, below the average estimate of 15.05 cents [4] - Available Seat Miles (ASM) reached 21.22 billion, close to the average estimate of 21.24 billion [4] - Economic fuel cost per gallon was $2.61, slightly lower than the average estimate of $2.62 [4] - Passenger Yield was 16.28 cents, compared to the average estimate of 16.57 cents [4] - Operating expenses per ASM, excluding fuel and special items, were 11.89 cents, better than the average estimate of 12.49 cents [4] - Fuel gallons consumed were 262 million, exceeding the average estimate of 241.61 million [4] - Average full-time equivalent employees (FTEs) were 29,773, higher than the average estimate of 28,003 [4] - Revenue passengers totaled 13.16 billion, significantly above the average estimate of 10.36 billion [4] - Revenue from cargo and other sources was $122 million, surpassing the average estimate of $110.70 million, representing a year-over-year change of +90.6% [4] - Total Passenger Revenue was $2.81 billion, below the average estimate of $2.90 billion [4] Stock Performance - Shares of Alaska Air have returned -16.5% over the past month, compared to the Zacks S&P 500 composite's -6.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]