Alaska Air Group, Inc.

ALK

US0116591092

Airlines

Market Closed - Nyse Other stock markets 21:00:01 17/07/2024 BST			5-day change	1st Jan Change
40.03 ^USD	-1.16%		+7.98%	+2.46%

07-17	Alaska Air Group Q2 Adjusted Earnings Decline, Revenue Increases; Shares Slip After Hours	MT
07-17	Alaska Air third-quarter profit view lags estimates on hit from cabin crew deal	RE

Alaska Air Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

July 17, 2024 at 10:15 pm

Alaska Air Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 174 million compared to USD 170 million a year ago. Revenue was USD 2,897 million compared to USD 2,838 million a year ago. Net income was USD 220 million compared to USD 240 million a year ago. Basic earnings per share from continuing operations was USD 1.74 compared to USD 1.88 a year ago. Diluted earnings per share from continuing operations was USD 1.71 compared to USD 1.86 a year ago.
For the six months, sales was USD 338 million compared to USD 324 million a year ago. Revenue was USD 5,129 million compared to USD 5,034 million a year ago. Net income was USD 88 million compared to USD 98 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.69 compared to USD 0.76 a year ago.

Latest news about Alaska Air Group, Inc.

Alaska Air Group Q2 Adjusted Earnings Decline, Revenue Increases; Shares Slip After Hours	07-17	MT
Alaska Air third-quarter profit view lags estimates on hit from cabin crew deal	07-17	RE
Alaska Air Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	07-17	CI
NTSB to probe FAA oversight of Boeing at Aug 6-7 investigating hearing	07-17	RE
Boeing door blowout crisis hitting suppliers, airlines and passengers	07-17	RE
Susquehanna Trims Price Target on Alaska Air to $41 From $42, Maintains Neutral Rating	07-16	MT
US judge sets quick schedule to consider family objections to Boeing plea deal	07-15	RE
Major Airline Stocks Fall After Delta Air Lines Issues Q3 Earnings Guidance Below Estimates	07-11	MT
Wall Street choppy as inflation data lifts small-cap stocks	07-11	RE
Futures edge lower ahead of inflation test; Delta Airlines falls	07-11	RE
JetBlue seeks to block United from winning new Washington DC area flight	07-10	RE
Alaska Air Launches 18 New Nonstop Routes	07-10	MT
Key moments in the recent history of Boeing's 737 MAX	07-08	RE
Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes	07-08	RE
Alaska Air Group Flight Attendants to Earn 32% Pay Raise Under New Labor Deal	07-03	MT
Global markets live: Eli Lilly, Apple, Walmart, Shell, Rio Tinto...	07-03
Jerome Powell did it again	07-03
Alaska Air Group Flight Attendants to Earn 32% Pay Raise Under New Labor Deal	07-03	MT
The flight path of Airline M&A since 2001	07-03	RE
Alaska Airlines flight attendants set for 32% average pay rise in new tentative contract	07-03	RE
Alaska Air Adds 2 New Mexico Destinations From Los Angeles	07-02	MT
How jetmakers divided up struggling supplier Spirit AeroSystems	07-01	RE
Alaska Air Group Returns Plane Involved in January Blowout to Boeing	07-01	MT
Spirit Aero to be broken up as Boeing agrees to $4.7 bln stock deal	07-01	RE
US pushes for Boeing to plead guilty in connection with fatal crashes, sources say	06-30	RE

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Company Profile

Alaska Air Group, Inc. is engaged in operating airlines. The Company operates two airlines, Alaska, and Horizon. It also includes McGee Air Services, an aviation services provider. It operates through three segments: Mainline, Regional and Horizon. The Mainline segment includes scheduled air transportation on Alaska's Boeing 737 (B737) aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, Belize, the Bahamas, and Guatemala. The Regional segment includes Horizon's and other third-party carriers scheduled air transportation on Embraer E175 (E175) aircraft for passengers across a shorter distance network within the United States, Canada, and Mexico under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. With its regional partners, it flies to more than 120 destinations throughout North America. It provides its guests with global access to more than 900 destinations in 170 territories.

Sector

Airlines

Calendar

11:00am - Q2 2024 Earnings Release

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Ratings for Alaska Air Group, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

40.5 USD

Average target price

54.9 USD

Spread / Average Target

+35.55%

Consensus

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