---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-23-000005"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:49:00.455684+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alaska Air Q4 adj EPS $0.92; FY22 record rev $9.6B; share buyback up to $100M

## Summary
- Q4 GAAP net income $22M ($0.17/sh); adjusted net income $118M ($0.92/sh).
- FY22 record revenue $9.6B, up 10% vs 2019; adjusted net income $556M ($4.35/sh).
- Plans to resume share repurchases in early 2023, targeting $75M-$100M to offset dilution.
- Converted 52 Boeing 737 MAX options to firm deliveries; added 105 delivery positions for 2026-2030.
- Employees earned $257M in performance bonuses, equivalent to 10.5% of annual pay.

## SEC filing metadata
- accession: 0000766421-23-000005
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642123000005/0000766421-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642123000005/alk-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-23-000005
- JSON: https://secwatch.observer/filing/0000766421-23-000005.json
- Plain text: https://secwatch.observer/filing/0000766421-23-000005.txt

## Key facts
- Earnings Releases
  ALASKA AIR GROUP, INC. reported full year ended December 31, 2022 results: revenue $9.6 billion, net income $58 million, EPS $0.45 per diluted share.
  - Period: full year ended December 31, 2022
  - Revenue: $9.6 billion
  - Net income: $58 million
  - EPS: $0.45 per diluted share
  - Result: reported results
  source text: 392-5908 Alaska Air Group delivers strong fourth quarter 2022 and full-year results Delivered industry-leading full-year adjusted pretax margin of 7.6%; Record annual revenue of $9.6 billion, up 10% versus 2019; Employees hard work recognized with performance-based bonuses totaling 10.5% of annual pay SEATTLE — Alaska Air Group Inc. (NYSE: ALK) today reported
  evidence_url: https://www.sec.gov/Archives/edgar/data/766421/000076642123000005/0000766421-23-000005-index.htm
- Earnings Releases
  ALASKA AIR GROUP, INC. reported fourth quarter ended December 31, 2022 results: revenue $2.5 billion.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $2.5 billion
  - Result: reported results
  source text: Recorded $2.5 billion in operating revenue for the fourth quarter, resulting in $9.6 billion in operating revenue for the full year 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/766421/000076642123000005/0000766421-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.