---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-24-000023"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T20:05:23.711201+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000766421-24-000023
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642124000023/0000766421-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642124000023/alk-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-24-000023
- JSON: https://secwatch.observer/filing/0000766421-24-000023.json
- Plain text: https://secwatch.observer/filing/0000766421-24-000023.txt

## Key facts
- Earnings Releases
  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
  source text: Alaska Air Group reports first quarter 2024 results Achieved record first quarter operating revenue of $2.2 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/766421/000076642124000023/0000766421-24-000023-index.htm

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