Alaska Air Q3 GAAP EPS $1.08, adjusted EPS $1.83; revenue $2.8B; all-Boeing transition

ALASKA AIR GROUP, INC.

2023-Q3 EPS reported $1.84 revenue$7,873,000,000

GAAP net income $139M ($1.08/sh) vs $40M ($0.31) in Q3 2022; adjusted net income $237M ($1.83/sh) vs $325M ($2.53).
Operating revenue $2.8B; CASM ex-fuel down 5% YoY; adjusted pretax margin 11.4% despite West Coast fuel headwinds.
Industry-leading completion rate of 99.7%; retired final Airbus A321neo, completes all-Boeing fleet transition.
Agreed to sell ten A321neos to American Airlines, with deliveries starting Q4 2023; received five 737-9 and two E175 aircraft.
Repurchased 248,988 shares for ~$13M in Q3; ended quarter with $2.5B cash and 48% debt-to-capitalization ratio.

item 2.02 item 7.01 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 the third quarter ending September 30, 2023 results: revenue $2.8 billion, net income $139 million, EPS $1.08 per share.

Period: the third quarter ending September 30, 2023
Revenue: $2.8 billion
Net income: $139 million
EPS: $1.08 per share
Result: reported results

Exact text from the filing

mark-to-market fuel hedge accounting adjustments, of $237 million, or $1.83 per share, compared to $325 million, or $2.53 per share, for the third quarter of 2022. • Recorded $2.8 billion in operating revenue. • Reduced CASM excluding fuel and special items by 5% compared to the third quarter of 2022. • Repurchased 248,988 shares of common stock for approximately

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Source: SEC EDGAR

accession 0000766421-23-000042

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