Alaska Air beats Q2 EPS consensus at $3.00; reports record revenue $2.8B and expands credit facility

ALASKA AIR GROUP, INC.

2023-Q2 EPS reported $0.76 revenue$5,034,000,000

Q2 GAAP net income $240M ($1.86 EPS); adjusted net income $387M ($3.00 EPS), beating consensus of $2.70.
Record quarterly operating revenue $2.8B; adjusted pre-tax margin 18.3%, up 250 bps vs Q2 2019.
Amended aircraft credit facility: term extended to June 2026, size increased from $250M to $400M, SOFR-based.
Repurchased ~872K shares for $39M in Q2; expects at least $100M in full-year 2023 repurchases.
Ended Q2 with $2.4B cash, debt-to-cap ratio 48% within target range.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALASKA AIR GROUP, INC. reported second quarter ending June 30, 2023 results: revenue $2.8 billion, net income $240 million, EPS $1.86 per share.

Period: second quarter ending June 30, 2023
Revenue: $2.8 billion
Net income: $240 million
EPS: $1.86 per share
Result: reported results

Exact text from the filing

Financial Highlights: • Reported net income for the second quarter of 2023 under Generally Accepted Accounting Principles (GAAP) of $240 million, or $1.86 per share, compared to a net income of $139 million, or $1.09 per share, for the second quarter of 2022. • Reported net income for the second quarter of 2023, excluding special items and mark-to-market fuel hedge accounting adjustments, of $387 million, or $3.00 per share, compared to $280 million, or $2.19 per share, for the second quarter of 2022. This quarter's adjusted results exceed the First Call analyst consensus estimate of $2.70 per share. • Generated adjusted pre-tax margins of 18.3%, a 250-basis point increase over the same period in 2019. • Recorded $2.8 billion in operating revenue for the second quarter, the highest quarterly total in company history.

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

ALASKA AIR GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000766421-23-000031

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.