Summary
Alaska Air Group Beats
Alaska Air Group (ALK) reported Quarter December 2024 earnings of $0.97 per share on revenue of $3.5 billion. The consensus earnings estimate was $0.47 per share on revenue of $3.5 billion. The Earnings Whisper number was $0.55 per share. Revenue grew 38.4% on a year-over-year basis.
The company said it expects a first quarter loss of $0.70 to $0.50 per share and 2025 earnings to be greater than $5.75 per share. The current consensus estimate is a loss of $0.75 per share for the quarter ending March 31, 2025 and earnings of $5.97 per share for the year ending December 31, 2025.
Alaska Air Group Inc through its subsidiaries, provides passenger air, freight and mail services within the state of Alaska and on the West Coast.
Results
Reported Earnings
$0.97
Earnings Whisper
$0.55
Consensus Estimate
$0.47
Reported Revenue
$3.53 Bil
Revenue Estimate
$3.51 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Alaska Air Group reports fourth quarter and full year 2024 results
Fourth quarter and full year adjusted earnings per share exceed high end of previously reported guidance
Repurchased approximately $250 million in outstanding shares in the fourth quarter
Announced record performance-based pay, totaling six weeks pay for most Alaska and Horizon employees
SEATTLE — Alaska Air Group Inc. (NYSE: ALK) today reported financial results for the fourth quarter and full year ended December 31, 2024.
Air Group completed 2024 on a high note, with record revenues of $11.7 billion and a GAAP pretax margin of 4.6%. On an adjusted basis, the full year pretax margin of 7.1% is expected to be amongst the best in the industry despite the completed acquisition of Hawaiian Airlines and fleet grounding in the first quarter of the year.
"This was a transformational year as we brought Hawaiian Airlines into Alaska Air Group and began our journey to unlock $1 billion in incremental pretax profit over the next three years,” said CEO Ben Minicucci. “We’re proud that our incentive plan will reward Alaska Airlines and Horizon Air employees with nearly six weeks of pay, which we believe will lead the industry. Looking forward, our vision is clear and we’re focused on executing our strategic plan – leveraging the strengths of our combined network, enhancing the end-to-end travel experience for our guests, and delivering value for everyone who depends on us."
For the full earnings release, please go here.
