earnings
confidence high
sentiment positive
materiality 0.75
Alaska Air Q2 adjusted EPS $2.55; record revenue; leading 15.8% pretax margin
ALASKA AIR GROUP, INC.
2024-Q2 EPS reported
$0.69
revenue$5,129,000,000
- GAAP net income $220M ($1.71 EPS); adjusted net income $327M ($2.55 EPS) vs $387M ($3.00) in Q2 2023.
- Record quarterly revenue; adjusted pretax margin of 15.8% expected to lead the industry.
- Completion rate 99.5%; tentative agreement with mainline flight attendants, vote by mid-August.
- Repurchased $28M in stock during Q2; ended quarter with $2.5B cash and 45% debt-to-capitalization.
- Received 6 737-9, 3 737-8, and 1 E175; DOJ second request on Hawaiian Airlines acquisition.