Alaska Air Gets $162M In Initial Compensation From Boeing For January Incident, Issues Robust Q2 Outlook [Yahoo! Finance]
Alaska Air Group, Inc. (ALK)
Last alaska air group, inc. earnings: 1/28 04:01 pm
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US:NYSE Investor Relations:
investor.alaskaair.com/investors
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Source: Yahoo! Finance
Adjusted EPS stood at $(0.92), down from $(0.62) a year ago, beating the consensus of $(1.05). The airline stated that its first quarter operation and results were significantly impacted by Flight 1282 in January and the Boeing 737-9 MAX grounding, which extended into February. Alaska Air received $162 million in initial cash compensation from Boeing to address the financial damages incurred. Revenue passengers declined 1% Y/Y, traffic was flat, capacity fell 2% Y/Y, and load factor expanded from 79.9% to 81.1%. Economic fuel cost per gallon for the quarter declined by 10% Y/Y to $3.08. During the quarter, ALK inked an agreement to purchase Hawaiian Airlines for $18 per share and ratified a five-year collective bargaining agreement with ~1,000 Alaska Airlines employees represented by AMFA. Alaska Air repurchased 561,086 shares for ~$21 million in the quarter. The airline generated $292 million in operating cash flow for the quarter. The company held $2.3 billion in unre
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News
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- All You Need to Know About Alaska Air (ALK) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- ALK or RYAAY: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Alaska Air Group (ALK) Stock? [Yahoo! Finance]Yahoo! Finance
- Fast-paced Momentum Stock Alaska Air (ALK) Is Still Trading at a Bargain [Yahoo! Finance]Yahoo! Finance
ALK
Earnings
- 4/18/24 - Beat
ALK
Sec Filings
- 4/18/24 - Form 8-K
- 4/5/24 - Form 4
- 4/4/24 - Form 8-K
- ALK's page on the SEC website