secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALASKA AIR GROUP, INC. (ALK)
CIK:        0000766421
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000766421-24-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766421/000076642124000023/0000766421-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766421/000076642124000023/alk-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000766421-24-000023

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