---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-24-000086"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:22:30.174974+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alaska Air raises FY EPS guide to $4.25-4.50, targets $10 EPS by 2027, authorizes $1B buyback

## Summary
- 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.

## SEC filing metadata
- accession: 0000766421-24-000086
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642124000086/0000766421-24-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642124000086/alk-20241210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-24-000086
- JSON: https://secwatch.observer/filing/0000766421-24-000086.json
- Plain text: https://secwatch.observer/filing/0000766421-24-000086.txt

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