secwatch.observer — SEC 8-K summary
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Issuer:     ALASKA AIR GROUP, INC. (ALK)
CIK:        0000766421
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000766421-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766421/000076642124000007/0000766421-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766421/000076642124000007/alk-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000766421-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer