Financial Data and Key Metrics Changes - The company reported a GAAP net income of $220 million for Q2 2024, with an adjusted net income of $327 million excluding special items and mark-to-market fuel hedge adjustments [5][6] - Revenue reached a record $2.9 billion, marking a 2% increase year-over-year, with an adjusted pre-tax margin of 15.8%, expected to lead the industry [8][16] - Unit costs decreased by nearly 2% year-over-year, reflecting strong cost management and productivity [9][29] Business Line Data and Key Metrics Changes - Premium segment revenues contributed nearly $1 billion to total revenue, with First Class and Premium Class revenues up 8% and 6% year-over-year, respectively [8][17] - Load factors increased sequentially to 87% in June, although the overall load factor for the quarter was 84%, impacted by capacity additions [16][17] Market Data and Key Metrics Changes - Competitive capacity in the Alaska long-haul market was up over 20%, but overall capacity growth is expected to moderate in Q3 and Q4 [42][50] - The company anticipates a 2% to 3% year-over-year capacity increase in Q3, down from 6% in Q2 [22][23] Company Strategy and Development Direction - The company is focused on enhancing its premium offerings, with plans to increase the premium seat mix from 25% to 28% [14][25] - The planned acquisition of Hawaiian Airlines is expected to broaden the company's presence in both domestic and international markets, pending regulatory approval [10][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining industry-leading margins despite challenges from rising labor costs and a softer domestic demand environment [34][82] - The company is adjusting its full-year EPS guidance down by $0.25 to reflect the impact of the flight attendant deal and current market conditions [10][33] Other Important Information - The company achieved a completion rate of 99.5% or better each month in Q2, demonstrating operational excellence [9][11] - Total liquidity at the end of the quarter was $3.1 billion, with a debt-to-cap ratio of 45% [28] Q&A Session Summary Question: Update on the acquisition discussions with the DOJ - Management confirmed they are in the final stages of discussions with the DOJ and are awaiting feedback [38] Question: Yield comparison for Premium Class - Management indicated that the paid Premium Class yields are approximately 40% higher than the Main Cabin [40] Question: Competitive capacity growth in Q2 and outlook for Q3 - Competitive capacity was elevated in Q2, but is expected to moderate in Q3 and Q4 [42] Question: Cost increase breakdown for Q3 - Labor costs, particularly from the flight attendant contract, are expected to account for about one-third of the cost increase [45] Question: Capacity expectations for 2025 - Management indicated that capacity growth in 2025 is likely to remain below medium to long-term targets due to delivery delays [54] Question: Contribution from oneworld partnerships - Revenue from partnerships is approximately 7% of total revenue, with expectations for growth [84]

Alaska Air Group, Inc. (ALK) reported second-quarter 2024 earnings per share (EPS) of $2.55, which outpaced the Zacks Consensus Estimate of $2.36. Earnings decreased 15% on a year-over-year basis.Operating revenues of $2.89 billion missed the Zacks Consensus Estimate of $2.94 billion. The top line jumped 2% year over year, with passenger revenues accounting for 91.5% of the top line and increasing 2% owing to continued recovery in air-travel demand.Passenger revenues totaled $2.651 billion in the reported q ...

ALASKA AR GROUP 02 2024 Earnings Alaska U Safe Harbor This presentation may contain forward-looking statements subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These statements relate to future events and involve known and unknown risks and uncertainties that may cause actual outcomes to be materially different from those indicated by our forward-locking s ...

For the quarter ended June 2024, Alaska Air Group (ALK) reported revenue of $2.9 billion, up 2.1% over the same period last year. EPS came in at $2.55, compared to $3.00 in the year-ago quarter.The reported revenue represents a surprise of -1.93% over the Zacks Consensus Estimate of $2.95 billion. With the consensus EPS estimate being $2.36, the EPS surprise was +8.05%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Alaska Air Group (ALK) came out with quarterly earnings of $2.55 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $3 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.05%. A quarter ago, it was expected that this airline would post a loss of $1.09 per share when it actually produced a loss of $0.92, delivering a surprise of 15.60%.Over the last four quarters, the company has surp ...

Expected to lead the industry with adjusted pretax margin of 15.8%Achieved a completion rate of 99.5%, among the highest in the industryReached tentative agreement with Alaska flight attendants represented by AFASEATTLE, July 17, 2024 /PRNewswire/ -- Alaska Air Group (NYSE: ALK) today reported financial results for the second quarter ending June 30, 2024, and provided outlook for the third quarter ending September 30, 2024 and full year 2024."It's clear that premium airlines are rising above the rest of the ...

This expansion will add 1.3 million premium seats annually to our mainline fleet, providing guests with even more opportunities to upgrade to a premium experienceSEATTLE, July 17, 2024 /PRNewswire/ -- At Alaska Airlines, we're always looking for new ways to make your travel experience even better. We believe in giving you choices that fit your needs, whether you're all about the comfort and perks of Premium and First Class, or you appreciate the value and flexibility of our Main Cabin and Saver Fare options ...

Exhibit 99.1 July 17, 2024 Media contact: Investor/analyst contact: Media Relations Ryan St. John (206) 304-0008 VP Finance, Planning and Investor Relations ALKInvestorRelations@alaskaair.com Alaska Air Group reports second quarter 2024 results Expected to lead the industry with adjusted pretax margin of 15.8% Achieved a completion rate of 99.5%, among the highest in the industry Reached tentative agreement with Alaska flight attendants represented by AFA SEATTLE — Alaska Air Group (NYSE: ALK) today reporte ...

Alaska Air Group, Inc. (ALK) ) is scheduled to report second-quarter 2024 results on Jul 18, before market open.The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters (missed once), the average beat being 22.68%.Let’s see how things have shaped up for Alaska Air this earnings season.Q2 ExpectationsThe Zacks Consensus Estimate for Alaska Air’s second-quarter 2024 revenues is pegged at $2.96 billion, indicating 4.37% growt ...

SEATTLE, July 11, 2024 /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2024 second quarter financial results at 11:30 a.m. EDT/ 8:30 a.m. PDT, Thursday, July 18, 2024. A webcast of the call will be available to the public at www.alaskaair.com/investors. An archive of the call will be posted on the website later that morning.About Alaska Airlines Alaska Airlines and our regional partners serv ...