Alaska Air Group Past Earnings Performance

Past criteria checks 3/6

Alaska Air Group's earnings have been declining at an average annual rate of -2.7%, while the Airlines industry saw earnings growing at 16.5% annually. Revenues have been growing at an average rate of 8.8% per year. Alaska Air Group's return on equity is 6.2%, and it has net margins of 2.3%.

Key information

-2.7%

Earnings growth rate

-3.1%

EPS growth rate

Airlines Industry Growth	0.5%
Revenue growth rate	8.8%
Return on equity	6.2%
Net Margin	2.3%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Alaska Air Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:0HC3 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	10,462	245	314
31 Dec 23	10,426	235	303
30 Sep 23	10,352	259	308
30 Jun 23	10,341	160	306
31 Mar 23	10,161	59	303
31 Dec 22	9,646	58	295
30 Sep 22	9,066	54	268
30 Jun 22	8,191	208	235
31 Mar 22	7,060	466	198
31 Dec 21	6,176	478	173
30 Sep 21	5,085	13	141
30 Jun 21	3,833	-612	116
31 Mar 21	2,727	-1,223	79
31 Dec 20	3,566	-1,324	101
30 Sep 20	4,986	-696	160
30 Jun 20	6,674	57	213
31 Mar 20	8,541	533	296
31 Dec 19	8,781	769	313
30 Sep 19	8,617	611	317
30 Jun 19	8,440	506	319
31 Mar 19	8,308	437	320
31 Dec 18	8,264	437	326
30 Sep 18	8,142	729	336
30 Jun 18	8,040	771	349
31 Mar 18	7,986	871	363
31 Dec 17	7,894	960	368
30 Sep 17	7,476	759	340
30 Jun 17	6,932	756	306
31 Mar 17	6,324	723	259
31 Dec 16	5,925	797	248
30 Sep 16	5,784	891	213
30 Jun 16	5,733	909	208
31 Mar 16	5,676	883	207
31 Dec 15	5,598	848	211
30 Sep 15	5,527	805	205
30 Jun 15	5,477	729	207
31 Mar 15	5,415	660	206
31 Dec 14	5,368	605	199
30 Sep 14	5,272	535	196
30 Jun 14	5,171	626	189
31 Mar 14	5,053	565	187
31 Dec 13	4,964	508	179
30 Sep 13	4,886	474	174
30 Jun 13	4,794	348	172

Quality Earnings: 0HC3 has a large one-off loss of $396.0M impacting its last 12 months of financial results to 31st March, 2024.

Growing Profit Margin: 0HC3's current net profit margins (2.3%) are higher than last year (0.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 0HC3's earnings have declined by 2.7% per year over the past 5 years.

Accelerating Growth: 0HC3's earnings growth over the past year (315.3%) exceeds its 5-year average (-2.7% per year).

Earnings vs Industry: 0HC3 earnings growth over the past year (315.3%) exceeded the Airlines industry 75.1%.

Alaska Air Group Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

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

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

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

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)

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

Recent updates

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

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

Now 24% overvalued after recent price rise

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.

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

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

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

New major risk - Earnings quality

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)

Independent Director recently sold US$170k worth of stock

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 US$150k worth of stock

Alaska Airlines Adds Nonstop Flight Between Everett and Anchorage

Insider recently sold US$100k 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

Investor sentiment deteriorated over the past week

CFO & Executive VP of Finance recently sold US$94k worth of stock

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

Insider recently sold US$173k 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

Investor sentiment deteriorated over the past week

Alaska Air Group, Inc. Announces Executive Changes

CFO & Executive VP of Finance recently sold US$118k 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 US$268k 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 US$296k worth of stock

Executive Chairman recently sold US$278k worth of stock

Executive Chairman recently sold US$286k worth of stock

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

Executive Chairman recently sold US$295k worth of stock

Executive Chairman recently sold US$454k worth of stock

Alaska Airlines Provides Brand-New Destination as Cincinnati

Executive Chairman recently sold US$735k 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 US$400k 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 US$136k 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 US$60k worth of stock

Insider recently sold US$60k worth of stock

Insider recently sold US$60k worth of stock

Insider recently sold US$357k worth of stock

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

Alaska Airlines Adds Two New Routes from Southern California

Alaska Air Group, Inc. to Report Q4, 2020 Results on Jan 26, 2021

Alaska Air Group, Inc. and Alaska Airlines, Inc. Announces Executive Changes

Revenue & Expenses Breakdown
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