NYSE$ALK
Alaska Air Group Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Achieved record first quarter operating revenue and demonstrated resilience amidst significant challenges.
Alaska Air Group reported a net loss of $132 million, or $1.05 per share, for the first quarter of 2024. The company's results were significantly impacted by Flight 1282 and the Boeing 737-9 MAX grounding, but exceeded initial expectations due to capacity planning, network optimization, and cost control. The company received $162 million in initial cash compensation from Boeing.
- First quarter operating revenue reached a record $2.2 billion.
- Net loss for the quarter was $132 million, or $1.05 per share.
- The company received $162 million in initial cash compensation from Boeing related to the 737-9 MAX grounding.
- Agreement to purchase Hawaiian Airlines was approved by Hawaiian shareholders, remaining subject to regulatory approval.
Headline financials
Revenue & EPS history
Alaska Air · Revenue · Quarterly
$2.23B
Revenue by segment
Alaska Air · $62M total across 1 segment · Q3 2023
- Cargo and Other$62M-7.5%100.0%
Forward guidance
Alaska Air Group provides the following forecast information for Q2 2024:
Tailwinds
- Capacity (ASMs) % change versus 2023: Up 5% to 7%
- Economic fuel cost per gallon: $3.00 to $3.20
- Earnings per share: $2.20 to $2.40
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.4%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+1.0%
Avg return
30 days after
45%
31 / 69 earnings
Positive
+8.5%
Q4 2015
Best reaction
-17.6%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -4.5% | -5.7% | |
| Q4 2025 | +4.2% | +7.2% | +7.6% | |
| Q3 2025 | -6.1% | -10.4% | -15.2% | |
| Q2 2025 | +0.9% | -1.7% | +11.4% | |
| Q1 2025 | -10.1% | -5.2% | +10.0% | |
| Q4 2024 | -2.1% | +2.3% | +1.9% | |
| Q3 2024 | +4.1% | +2.7% | +11.3% | |
| Q2 2024 | -8.0% | -4.4% | -14.1% | |
| Q1 2024 | +5.4% | +5.5% | +1.3% | |
| Q4 2023 | +2.7% | +2.4% | +7.9% | |
| Q3 2023 | -2.0% | -2.4% | +12.6% | |
| Q2 2023 | -10.3% | -9.8% | -21.0% | |
| Q1 2023 | +1.7% | -2.6% | +2.0% | |
| Q4 2022 | -0.1% | +0.6% | -7.3% | |
| Q3 2022 | -2.0% | +3.7% | +11.5% | |
| Q2 2022 | -1.5% | -2.3% | +4.7% | |
| Q1 2022 | -3.6% | -8.2% | -21.5% | |
| Q4 2021 | -0.1% | +4.8% | +10.1% | |
| Q3 2021 | -6.0% | -5.2% | -7.9% | |
| Q2 2021 | +1.1% | +3.0% | -5.6% | |
| Q1 2021 | +0.6% | +0.4% | -1.1% | |
| Q4 2020 | -7.7% | -7.7% | +23.9% | |
| Q3 2020 | +4.7% | -5.6% | +20.2% | |
| Q2 2020 | -3.4% | -3.6% | -2.4% | |
| Q1 2020 | -3.3% | +4.3% | +47.1% | |
| Q4 2019 | +2.4% | -1.1% | -18.9% | |
| Q3 2019 | +3.9% | +1.2% | -0.2% | |
| Q2 2019 | -1.0% | -2.4% | -11.7% | |
| Q1 2019 | -0.3% | +1.8% | -0.3% | |
| Q4 2018 | -0.4% | +1.3% | -2.1% | |
| Q3 2018 | +0.6% | +3.5% | +13.6% | |
| Q2 2018 | +7.7% | +6.3% | +9.7% | |
| Q1 2018 | -0.2% | +1.0% | -10.7% | |
| Q4 2017 | -0.2% | -0.8% | +0.4% | |
| Q3 2017 | -17.6% | -16.3% | -17.6% | |
| Q2 2017 | +1.0% | -2.2% | -13.3% | |
| Q1 2017 | -7.1% | -7.7% | -5.3% | |
| Q4 2016 | +4.6% | +4.2% | +2.7% | |
| Q3 2016 | +1.5% | -1.4% | +8.2% | |
| Q2 2016 | +1.7% | +4.8% | +5.6% | |
| Q1 2016 | -5.9% | — | — | |
| Q4 2015 | +8.5% | — | — | |
| Q3 2015 | +5.8% | — | — | |
| Q2 2015 | -2.3% | — | — | |
| Q1 2015 | +6.2% | — | — | |
| Q4 2014 | +5.6% | — | — | |
| Q3 2014 | +7.3% | — | — | |
| Q2 2014 | -7.9% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +4.7% | — | — | |
| Q2 2013 | +2.3% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q3 2012 | -0.2% | — | — | |
| Q2 2012 | +1.8% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q4 2011 | -8.2% | — | — | |
| Q3 2011 | +5.2% | — | — | |
| Q2 2011 | -6.0% | — | — | |
| Q1 2010 | +2.6% | — | — | |
| Q1 2011 | -1.5% | — | — | |
| Q4 2010 | -3.1% | — | — | |
| Q4 2008 | -3.1% | — | — | |
| Q3 2009 | -0.3% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2009 | +2.7% | — | — | |
| Q4 2009 | +2.7% | — | — | |
| Q2 2010 | +2.7% | — | — |
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