NYSE$ALK
Alaska Air Group Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Alaska Air Group reported strong Q3 2023 results, led the industry in completion rate, and delivered an adjusted pretax margin among the best in the industry despite West Coast fuel price headwinds.
Alaska Air Group reported a net income of $139 million, or $1.08 per share, for the third quarter of 2023. Excluding special items and mark-to-market fuel hedge accounting adjustments, net income was $237 million, or $1.83 per share. The company recorded $2.8 billion in operating revenue and reduced CASM excluding fuel and special items by 5% compared to the third quarter of 2022.
- Reported net income for the third quarter of 2023 under Generally Accepted Accounting Principles (GAAP) of $139 million, or $1.08 per share.
- Recorded $2.8 billion in operating revenue.
- Reduced CASM excluding fuel and special items by 5% compared to the third quarter of 2022.
- Finished the third quarter with an industry-leading completion rate of 99.7%.
Headline financials
Revenue & EPS history
Alaska Air · Revenue · Quarterly
$2.84B
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 provided outlook for the fourth quarter ending December 31, 2023.
Tailwinds
- Capacity (ASMs) % change versus 2022: Up 11% to 14%
- Total revenue % change versus 2022: Up 1% to 4%
- Cost per ASM excluding fuel and special items (CASMex) % change versus 2022: Down 3% to 5%
Headwinds
- Economic fuel cost per gallon: $3.30 to $3.40
- Adjusted pretax margin %: 0% to 2%
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 Q3 2023
-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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