Alaska Air Group reports Q4 GAAP loss, guides FY2024 EPS $3-$5 with $150M MAX grounding hit

ALASKA AIR GROUP, INC.

2023-FY EPS reported $1.83 revenue$10,426,000,000

Q4 2023 GAAP net loss $2M ($-0.02 EPS); adjusted EPS $0.30 vs $0.92 a year ago.
FY2023 record revenue $10.4B; adjusted EPS $4.53 vs $4.35 in 2022; adjusted pretax margin 7.5%.
FY2024 adjusted EPS guided $3.00-$5.00, including $150M negative impact from 737-9 MAX grounding.
Capacity growth now expected at or below prior 3%-5% range due to MAX grounding and delivery delays.
Repurchased 3.5M shares for $145M in 2023; closed acquisition of Hawaiian Airlines for $18 cash per share.

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 fourth quarter and full year ended December 31, 2023 results: revenue $2.6 billion in operating revenue for the fourth quarter, and a record $10.4 billion for the full year 2023, net income net loss for the fourth quarter and net income for the full year 2023 under Generally Accepted Accounting Principles (GA, EPS $1.83 per diluted share.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $2.6 billion in operating revenue for the fourth quarter, and a record $10.4 billion for the full year 2023
Net income: net loss for the fourth quarter and net income for the full year 2023 under Generally Accepted Accounting Principles (GA
EPS: $1.83 per diluted share
Result: reported results

Exact text from the filing

Alaska Air Group Inc. (NYSE: ALK) today reported financial results for the fourth quarter and full year ended December 31, 2023.

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Source: SEC EDGAR

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