secwatch.observer — SEC 8-K summary
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Issuer:     ALASKA AIR GROUP, INC. (ALK)
CIK:        0000766421
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0000766421-23-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766421/000076642123000042/0000766421-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766421/000076642123000042/alk-20231019.htm
  HTML page:      https://secwatch.observer/filing/0000766421-23-000042

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