Alaska Air Group Inc
- Alaska Air Group jumped 4.4% to $44.66 after the regional airline reported better-than-expected quarterly results.
Revenue in the March quarter increased 2% to $2.23 billion from $2.19 billion, net loss shrank to $132 million from $142 million, and diluted loss per share contracted to $1.05 from $1.11 a year ago.
The company received $162 million in compensation from Boeing related to Flight 1282 and the Boeing Max plane grounding ordered by the Federal Aviation Authority.
The company said it expects additional payments from Boeing.
The company's purchase of Hawaiian Airlines for $18 a share was approved by Hawaiian shareholders, and the proposed merger needs regulatory approval.
Alaska Air projected earnings per share for the second quarter between $2.20 and $2.40 and for full-year 2024 between $3.25 and $5.25.
Apr 18, 2024 - Alaska Air increased by 0.5% to $36.02 after the regional airline reported mixed quarterly results.
Revenue in the fourth quarter increased 3% to $2.6 billion from $2.5 billion, net income swung to a loss of $2 million from a profit of $22 million, and diluted earnings per share were (0.02) cents compared to 17 cents a year ago.
Alaska Air said the grounding of the Boeing 737 Max 9 will cost the company $150 million after a door panel blew off midair on January 5.
Alaska said it would resume service using a Boeing 737 Max 9 as early as Friday after the FAA approved the inspection instructions for the aircraft prior to placing it into operation.
Jan 25, 2024 - Alaska Air Group declined 13.5% to $34.27 after the regional airline agreed to rival Hawaiian Airlines in a deal worth $1.9 billion.
Alaska Air agreed to pay $18 a share to the airline and assume $900 million of the company's debt.
Hawaii Airlines parent Hawaiian Holdings surged 181% to $13.65 in early trading, and cautious investors worried about the steep regulatory hurdles faced by the merger.
Dec 4, 2023 - Alaska Air Group, Inc dropped 10.6% to $47.68 despite the regional airline reporting better-than-expected revenue and earnings.
The airline reported second quarter revenue increased 7% to $2.84 billion and net income increased to $240 million from $98 million and diluted earnings per share rose to $1.86 from 76 cents.
The company forecasted full-year earnings per share between $5.50 and $7.50 a share.
The airline repurchased 871,987 shares of common stock for approximately $39 million in the second quarter, bringing total repurchases to $57 million for the six months ended June.
The company anticipates share repurchases of at least $100 million in the remainder of 2023.
Jul 25, 2023 - Alaska Air Group, Inc, the regional airline reported mixed quarterly results and reaffirmed annual outlook. Revenue in the first quarter increased 31% to $2.2 billion and net loss shrank to $142 million from $143 million and diluted loss per share fell to $1.11 from $1.14 a year ago.
The regional airline guided second quarter revenue to rise between 2.5% and 5.5% and full-year 2023 earnings per share between $5.50 and $7.50.
Apr 20, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | -1.11 | 1.86 | 1.08 | - | - | |
| 2022 | -1.14 | 1.09 | 0.31 | 0.19 | 0.45 | |
| 2021 | -1.05 | 3.13 | 1.53 | 0.14 | 3.77 | |
| 2020 | -1.87 | -1.73 | -3.49 | -3.47 | -10.72 | |
| 2019 | 0.03 | 2.11 | 2.6 | 1.45 | 6.19 | |
| 2018 | 0.03 | 1.56 | 1.75 | 0.18 | 3.52 | |
| 2017 | 1.05 | 2.51 | 2.24 | 0.83 | 6.63 | |
| 2016 | 1.45 | 2.12 | 2.20 | 1.56 | 7.33 | |
| 2015 | 1.12 | 1.76 | 2.16 | 1.46 | 6.5 | |
| 2014 | 0.68 | 1.19 | 1.45 | 1.10 | 4.42 | |
| 2013 | 0.26 | 0.74 | 2.04 | 0.55 | 3.58 | |
| 2012 | 0.28 | 0.47 | 1.14 | 0.32 | 2.2 | |
| 2011 | 0.51 | 0.20 | 0.53 | 0.44 | 1.67 | |
| 2010 | 0.04 | 0.40 | 0.83 | 0.44 | 1.71 | |
| 2009 | -0.13 | 0.20 | 0.62 | 0.16 | 0.84 | |
| 2008 | -0.25 | 0.44 | -0.60 | -0.52 | -0.94 | |
| 2007 | -0.07 | 0.28 | 0.50 | 0.05 | 0.77 | |
| 2006 | -0.59 | 0.35 | -0.11 | -0.01 | -0.36 | |
| 2005 | -0.74 | 0.14 | 0.68 | -0.13 | -0.05 |