NYSE$ALK
Alaska Air Group Inc · Q4 2024 earnings
Q4 2024 earnings · · During market hours · Investor relations
Briefing
Alaska Air Group reported record full year revenue and fourth quarter adjusted earnings per share exceeded high end of previously reported guidance.
Alaska Air Group Inc. reported strong Q4 2024 results, with adjusted earnings per share exceeding guidance due to revenue and cost improvements. The company's full-year revenue reached a record $11.7 billion. The acquisition of Hawaiian Airlines was completed, and the company is focused on achieving $1 billion in incremental pretax profit over the next three years.
- Full year revenue reached a record $11.7 billion.
- Q4 adjusted earnings per share exceeded the high end of previous guidance.
- The company repurchased approximately $250 million in outstanding shares during the fourth quarter.
- Record performance-based pay was announced, totaling six weeks of pay for most Alaska and Horizon employees.
Headline financials
Revenue & EPS history
Alaska Air · Revenue · Quarterly
$3.53B
Revenue by segment
Alaska Air · $62M total across 1 segment · Q3 2023
- Cargo and Other$62M-7.5%100.0%
Forward guidance
For Q1 2025, Alaska Air Group expects capacity to increase by 2.5% to 3.5% and RASM to increase by high-single digits. The adjusted loss per share is expected to be between ($0.70) and ($0.50). For the full year 2025, capacity is expected to increase by 2% to 3% and adjusted earnings per share are expected to be greater than $5.75.
Tailwinds
- Capacity (ASMs) % change versus pro forma 2024: Up 2.5% to 3.5%
- RASM % change versus pro forma 2024: Up high-single digits
Headwinds
- Adjusted earnings (loss) per share: ($0.70) to ($0.50)
- CASMex % change versus pro forma 2024: Up low-single digits to mid-single digits
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 Q4 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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