Alaska Air Q1: record revenue $2.2B, GAAP net loss $1.05/sh, receives $162M Boeing compensation

ALASKA AIR GROUP, INC.

2024-Q1 EPS reported -$1.05 revenue$2,232,000,000

Record Q1 operating revenue of $2.2B; GAAP net loss $132M ($1.05/sh) vs loss $142M ($1.11/sh) in Q1 2023.
Non-GAAP adjusted net loss $116M ($0.92/sh) vs $79M ($0.62/sh) prior year; wider adjusted loss.
Received $162M initial cash compensation from Boeing for 737-9 MAX grounding.
Ratified five-year labor agreement with AMFA employees; repurchased 561K shares for $21M.
Hawaiian Airlines acquisition ($18/sh) approved by Hawaiian shareholders; regulatory approval pending.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALASKA AIR GROUP, INC. reported first quarter ending March 31, 2024 results: revenue $2.2 billion, net income $132 million, EPS $1.05 per share. Guidance initiated.

Period: first quarter ending March 31, 2024
Revenue: $2.2 billion
Net income: $132 million
EPS: $1.05 per share
Guidance: initiated
Result: reported results

Exact text from the filing

Alaska Air Group reports first quarter 2024 results Achieved record first quarter operating revenue of $2.2 billion

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ALASKA AIR GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000766421-24-000023

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