secwatch.observer — SEC 8-K summary
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Issuer:     ALASKA AIR GROUP, INC. (ALK)
CIK:        0000766421
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000766421-25-000012
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 adjusted loss $0.77; Q2 EPS guidance $1.15-$1.65; RASM up 5%
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- GAAP net loss $166M ($1.35/share) vs $132M ($1.05) in Q1 2024; adjusted loss $95M ($0.77) vs $116M ($0.92).
- Capacity up 3.9% vs pro forma 2024; RASM +5.0% (led industry, but 3pts hit by demand softness).
- Q2 2025 guidance: capacity +2-3%, RASM flat to down low-single-digit, CASMex up mid-to-high single-digit, adj EPS $1.15-$1.65.
- Operating cash flow $459M; repurchased $107M in Q1, $149M YTD through April 22.
- Ratified CBAs with Alaska (~6,900) and Hawaiian (~2,100) AFA flight attendants; integration synergies on track.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766421/000076642125000012/0000766421-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766421/000076642125000012/alk-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000766421-25-000012

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