---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-24-000007"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:48:36.893400+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000766421-24-000007
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642124000007/0000766421-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642124000007/alk-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-24-000007
- JSON: https://secwatch.observer/filing/0000766421-24-000007.json
- Plain text: https://secwatch.observer/filing/0000766421-24-000007.txt

## Key facts
- Earnings Releases
  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
  source text: Alaska Air Group Inc. (NYSE: ALK) today reported financial results for the fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/766421/000076642124000007/0000766421-24-000007-index.htm

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