---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-23-000042"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:20:07.636497+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000766421-23-000042
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642123000042/0000766421-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642123000042/alk-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-23-000042
- JSON: https://secwatch.observer/filing/0000766421-23-000042.json
- Plain text: https://secwatch.observer/filing/0000766421-23-000042.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/766421/000076642123000042/0000766421-23-000042-index.htm

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