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Alaska Air Group, Inc.

Alaska Air Group, Inc.

NYSE•ALK
CEO: Mr. Benito Minicucci
Sector: Industrials
Industry: Airlines, Airports & Air Services
Listing Date: 1980-03-17
Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.
Contact Information
19300 International Boulevard, Seattle, WA, 98188, United States
206-392-5040
www.alaskaair.com
Market Cap
$4.81B
P/E (TTM)
33.1
15.8
Dividend Yield
--
52W High
$78.08
52W Low
$39.79
52W Range
5%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$3.77B+22.59%
4-Quarter Trend

EPS

$0.56-70.05%
4-Quarter Trend

FCF

$7.00M-86.79%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Revenue Rises 2% Pro Forma Total operating revenue reached $3.70B, marking a 2% increase compared to pro forma 2024 results for the quarter.
Fuel Costs Decline Sharply Aircraft fuel expense fell $101M, or 13%, driven by lower per gallon costs on crude oil during the quarter.
GAAP Net Income Decreased Quarterly GAAP Net Income was $172M, a decrease from $220M reported in the prior year period for the three months.
Capacity Growth Continues Six months traffic (RPMs) grew 2.8% to 37.44B on 3.2% capacity (ASMs) growth, reflecting network expansion.

Risk Factors

Rising Labor Cost Pressure Wages and benefits rose $123M (12% pro forma) due to increased headcount and higher wage rates across labor groups.
Hawaiian Cybersecurity Incident Hawaiian Airlines identified a cybersecurity incident in June 2025; access restored, but investigation remains active.
Boeing Delivery Delays Expected Contracted aircraft deliveries from Boeing are expected to be delayed beyond contractual timing, impacting future fleet plans.
Liquidity Ratio Moderating Liquidity as percentage of trailing twelve months' revenue fell 6 points to 22% as of June 30, 2025.

Outlook

2025 Full Year Guidance Set Expect full year 2025 capacity growth of 2%, with unit revenue flat to up low single digits.
Q3 Performance Modestly Impacted July IT outage expected to modestly impact Q3; unit costs projected up mid to high single digits pro forma.
Capital Spending Planned Plan capital expenditures between $1.4B and $1.6B for 2025, primarily for aircraft and equipment acquisition.
Integration Progress Continues Management intends to combine Alaska and Hawaiian under a single operating certificate in the near term.

Peer Comparison

Revenue (TTM)

Alaska Air Group, Inc.ALK
$14.14B
+31.5%
Avis Budget Group, Inc.CAR
$11.70B
-1.2%
KBR, Inc.KBR
$8.06B
+9.7%

Gross Margin (Latest Quarter)

SkyWest, Inc.SKYW
132.7%
+99.0 pp
Alaska Air Group, Inc.ALK
96.0%
+67.4 pp
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.OMAB
65.8%
-3.4 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FBIN$6.10B19.013.9%43.5%
GATX$5.59B18.012.1%0.0%
FCN$5.57B19.613.2%21.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+2.1%
Moderate Growth
4Q Net Income CAGR
+0.9%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $3.70B+27.9%
    |
    EPS: $1.45-16.7%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $3.14B+40.5%
    |
    EPS: $-1.35+28.6%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 14, 2025|
    Revenue: $11.74B+12.6%
    |
    EPS: $3.13+70.1%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $3.07B+8.2%
    |
    EPS: $1.87+71.6%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $2.90B+2.1%
    |
    EPS: $1.74-7.4%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $2.23B+1.6%
    |
    EPS: $-1.05-5.4%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 14, 2024|
    Revenue: $10.43B+8.1%
    |
    EPS: $1.84+300.0%
    Beat

  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Nov 2, 2023|
    Revenue: $2.84B+0.4%
    |
    EPS: $1.09+240.6%
    Miss