Alaska Air Group Management

Management criteria checks 2/4

Alaska Air Group's CEO is Ben Minicucci, appointed in Mar 2021, has a tenure of 3.5 years. total yearly compensation is $10.31M, comprised of 6.2% salary and 93.8% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €5.58M. The average tenure of the management team and the board of directors is 4.9 years and 6.9 years respectively.

Key information

Ben Minicucci

Chief executive officer

US$10.3m

Total compensation

CEO salary percentage	6.2%
CEO tenure	3.5yrs
CEO ownership	0.1%
Management average tenure	4.9yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ben Minicucci's remuneration changed compared to Alaska Air Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$225m
Mar 31 2024	n/a	n/a	US$245m
Dec 31 2023	US$10m	US$638k	US$235m
Sep 30 2023	n/a	n/a	US$259m
Jun 30 2023	n/a	n/a	US$160m
Mar 31 2023	n/a	n/a	US$59m
Dec 31 2022	US$6m	US$601k	US$58m
Sep 30 2022	n/a	n/a	US$54m
Jun 30 2022	n/a	n/a	US$208m
Mar 31 2022	n/a	n/a	US$466m
Dec 31 2021	US$5m	US$572k	US$478m
Sep 30 2021	n/a	n/a	US$13m
Jun 30 2021	n/a	n/a	-US$612m
Mar 31 2021	n/a	n/a	-US$1b
Dec 31 2020	US$5m	US$254k	-US$1b
Sep 30 2020	n/a	n/a	-US$696m
Jun 30 2020	n/a	n/a	US$57m
Mar 31 2020	n/a	n/a	US$533m
Dec 31 2019	US$4m	US$542k	US$769m
Sep 30 2019	n/a	n/a	US$611m
Jun 30 2019	n/a	n/a	US$506m
Mar 31 2019	n/a	n/a	US$437m
Dec 31 2018	US$3m	US$500k	US$437m
Sep 30 2018	n/a	n/a	US$729m
Jun 30 2018	n/a	n/a	US$771m
Mar 31 2018	n/a	n/a	US$871m
Dec 31 2017	US$4m	US$464k	US$960m

Compensation vs Market: Ben's total compensation ($USD10.31M) is above average for companies of similar size in the German market ($USD3.41M).

Compensation vs Earnings: Ben's compensation has increased by more than 20% in the past year.

CEO

Ben Minicucci (57 yo)

3.5yrs

Tenure

US$10,313,054

Compensation

Mr. Benito Minicucci, also known as Ben, has been Director of Alaska Air Group, Inc., since May 7, 2020 and serves as its President and CEO since March 31, 2021. He serves as President since May 2016 and C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Benito Minicucci	President	3.5yrs	US$10.31m	0.11% $ 5.6m
Shane Tackett	CFO & Executive VP of Finance	4.5yrs	US$5.62m	0.028% $ 1.4m
Kyle Levine	Chief Ethics & Compliance Officer	8.7yrs	US$3.65m	0.016% $ 796.0k
Constance von Muehlen	Executive VP & COO of Alaska Airlines Inc	3.4yrs	US$4.58m	0.013% $ 674.2k
Andrew Harrison	Executive VP & Chief Commercial Officer of Alaska Airlines Inc.	no data	US$4.57m	0.021% $ 1.0m
Helvi Sandvik	Independent Director	no data	US$235.95k	0.013% $ 634.6k
Emily Halverson	VP of Finance	2.4yrs	no data	0.0056% $ 281.6k
Mark Bocchi	Managing Director of Sales & Community Marketing	no data	no data	no data
Kevin Thiel	Managing Director of Accounting Operations	10.7yrs	no data	no data
Diana Birkett-Rakow	Senior Vice President of Public Affairs & Sustainability - Alaska Airlines Inc	7yrs	no data	0.0088% $ 445.9k
Andrea Schneider	Senior Vice President of People - Alaska Airlines Inc	5.3yrs	US$2.03m	0.020% $ 997.4k
Charu Jain	Senior Vice President of Merchandising & Innovation of Alaska Airlines	no data	no data	no data

4.9yrs

Average Tenure

55yo

Average Age

Experienced Management: ALK's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Benito Minicucci	President	4.3yrs	US$10.31m	0.11% $ 5.6m
Helvi Sandvik	Independent Director	10.8yrs	US$235.95k	0.013% $ 634.6k
James Thompson	Independent Director	25.7yrs	US$217.29k	0.0071% $ 360.7k
Eric Yeaman	Independent Director	11.8yrs	US$244.67k	0.013% $ 635.7k
James Beer	Independent Director	7.1yrs	US$238.87k	0.00063% $ 32.0k
Patricia Bedient	Independent Non-Executive Chair	19.8yrs	US$344.27k	0.025% $ 1.2m
Kathleen Hogan	Independent Director	5.1yrs	US$244.71k	0.00095% $ 48.2k
Raymond Conner	Independent Director	6.7yrs	US$242.69k	0.014% $ 689.9k
Daniel Elwell	Independent Director	3.7yrs	US$217.59k	0.0017% $ 84.2k
Adrienne Lofton	Independent Director	2.9yrs	US$217.49k	0.0049% $ 250.1k

6.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: ALK's board of directors are considered experienced (6.9 years average tenure).

Alaska Air Group Management

Management criteria checks 2/4

Key information

Recent management updates

Alaska Air Group, Inc., Annual General Meeting, May 09, 2024

Insufficient new directors

Alaska Air Group, Inc. Appoints Claus Steensen Sølje as New Chief Financial Officer (Cfo)

Insider recently sold €151k worth of stock

Insider recently sold €98k worth of stock

CFO & Executive VP of Finance recently sold €88k worth of stock

Recent updates

Alaska Air Group, Inc. (NYSE:ALK) completed the acquisition of Hawaiian Holdings, Inc. (NasdaqGS:HA).

Now 21% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: US$1.74 (vs US$1.88 in 2Q 2023)

Now 24% overvalued

Alaska Air Group, Inc. to Report Q2, 2024 Results on Jul 18, 2024

Alaska Airlines Launches New Nonstop Service Between Seattle and Toronto

First quarter 2024 earnings released: US$1.05 loss per share (vs US$1.11 loss in 1Q 2023)

First quarter 2024 earnings released: US$1.05 loss per share (vs US$1.11 loss in 1Q 2023)

Now 21% overvalued after recent price rise

Alaska Air Group, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024 and Full Year of 2024

Alaska Air Group, Inc., Annual General Meeting, May 09, 2024

Insufficient new directors

Full year 2023 earnings released: EPS: US$1.85 (vs US$0.46 in FY 2022)

Alaska Air Group, Inc.(NYSE:ALK) dropped from S&P 500 Value

Alaska Air Group, Inc. (NYSE:ALK) entered into a definitive agreement to acquire Hawaiian Holdings, Inc. (NasdaqGS:HA) for approximately $930 million.

Alaska Air Group, Inc. (NYSE:ALK) entered into a definitive agreement to acquire Hawaiian Holdings, Inc. (NasdaqGS:HA) for approximately $1.9 billion.

Third quarter 2023 earnings released: EPS: US$1.09 (vs US$0.32 in 3Q 2022)

Alaska Air Group, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2023

New major risk - Earnings quality

Alaska Air Group, Inc. Provides Financial Guidance for Third Quarter and Full Year 2023

Second quarter 2023 earnings released: EPS: US$1.88 (vs US$1.10 in 2Q 2022)

First quarter 2023 earnings released: US$1.11 loss per share (vs US$1.14 loss in 1Q 2022)

Alaska Air Group, Inc. Appoints Claus Steensen Sølje as New Chief Financial Officer (Cfo)

Alaska Air Group, Inc. Provides Financial Guidance for First Quarter and Full Year 2023

Full year 2022 earnings released: EPS: US$0.46 (vs US$3.82 in FY 2021)

Third quarter 2022 earnings released: EPS: US$0.32 (vs US$1.55 in 3Q 2021)

Insider recently sold €151k worth of stock

Alaska Airlines Adds Nonstop Flight Between Everett and Anchorage

Insider recently sold €98k worth of stock

Second quarter 2022 earnings released: EPS: US$1.10 (vs US$3.18 in 2Q 2021)

Alaska Air Group, Inc. Provides Revenue and Operating Guidance for the Third Quarter and Full Year of 2022

Alaska Airlines Becomes First U.S. Airline to Launch Electronic Bag Tag Program

CFO & Executive VP of Finance recently sold €88k worth of stock

Insider recently sold €160k worth of stock

Alaska Air Group, Inc. Provides Revenue and Operating Guidance for the Second Quarter of 2022

First quarter 2022 earnings released: US$1.14 loss per share (vs US$1.05 loss in 1Q 2021)

Alaska Air Group, Inc. to Report Q1, 2022 Results on Apr 21, 2022

Alaska Air Group, Inc. Announces Executive Changes

CFO & Executive VP of Finance recently sold €104k worth of stock

Alaska Air Group, Inc. Announces Management Changes

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Alaska Air Group, Inc. Provides Operating and Revenue Guidance for the First Quarter of 2022

Executive Chairman recently sold €232k worth of stock

Third quarter 2021 earnings released: EPS US$1.55 (vs US$3.49 loss in 3Q 2020)

Alaska Airlines Adds New Nonstop Service Between Anchorage and Salt Lake City

Executive Chairman recently sold €255k worth of stock

Executive Chairman recently sold €235k worth of stock

Executive Chairman recently sold €241k worth of stock

Second quarter 2021 earnings released: EPS US$3.18 (vs US$1.74 loss in 2Q 2020)

Executive Chairman recently sold €249k worth of stock

Executive Chairman recently sold €371k worth of stock

Alaska Airlines Provides Brand-New Destination as Cincinnati

Executive Chairman recently sold €605k worth of stock

Independent Director has left the company

First quarter 2021 earnings released: US$1.05 loss per share (vs US$1.89 loss in 1Q 2020)

Insider recently sold €330k worth of stock

Alaska Air Group, Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2021

First quarter 2021 earnings released: US$1.05 loss per share (vs US$1.89 loss in 1Q 2020)

Executive VP & COO has left the company

Chief Ethics & Compliance Officer recently sold €115k worth of stock

Full year 2020 earnings released: US$10.73 loss per share (vs US$6.24 profit in FY 2019)

Revenue misses expectations

Insider recently sold €296k worth of stock

New 90-day high: €46.43

Full year 2020 earnings released: US$10.59 loss per share (vs US$6.24 profit in FY 2019)

Revenue misses expectations

Alaska Air Group, Inc. Appoints Daniel K. Elwell as Board of Directors and Audit and Innovation Committees

New 90-day high: €45.41

Alaska Airlines Adds Two New Routes from Southern California