other material
confidence high
sentiment positive
materiality 0.85
Alaska Air raises FY EPS guide to $4.25-4.50, targets $10 EPS by 2027, authorizes $1B buyback
ALASKA AIR GROUP, INC.
- Q4 adj EPS guide raised to $0.40-$0.50 (prev $0.20-$0.40); FY adj EPS now $4.25-$4.50 vs $3.50-$4.50.
- 2027 targets: EPS ≥$10, pretax margin 11-13%, incremental profit $1B, merger synergies ≥$500M (doubled).
- Board authorized $1B share repurchase program, effective after current program ends.
- Seattle-Tokyo Narita nonstop starts May 2025; Seattle-Seoul Incheon starts Oct 2025 (A330 aircraft).
- FY2025 outlook: adj EPS ≥$5.75, capacity up 2-3%, capex $1.4-1.5B, share buybacks ~$250M.