On July 17, 2024, Alaska Air Group, Inc. released its financial results for the second quarter of 2024, showcasing a net income of $220 million, or $1.71 per share, under GAAP. This compares to a net income of $240 million, or $1.86 per share, in the same quarter of the previous year. Excluding special items and mark-to-market fuel hedge accounting adjustments, the net income for the quarter was $327 million, or $2.55 per share, down from $387 million, or $3.00 per share, in Q2 2023. The company achieved an adjusted pretax margin of 15.8% and reported a robust completion rate of 99.5%, one of the highest in the industry. Alaska Air also reached a tentative agreement with its flight attendants, represented by AFA, and continued its fleet expansion with the addition of new...Show More

On July 17, 2024, Alaska Air Group, Inc. released its financial results for the second quarter of 2024, showcasing a net income of $220 million, or $1.71 per share, under GAAP. This compares to a net income of $240 million, or $1.86 per share, in the same quarter of the previous year. Excluding special items and mark-to-market fuel hedge accounting adjustments, the net income for the quarter was $327 million, or $2.55 per share, down from $387 million, or $3.00 per share, in Q2 2023. The company achieved an adjusted pretax margin of 15.8% and reported a robust completion rate of 99.5%, one of the highest in the industry. Alaska Air also reached a tentative agreement with its flight attendants, represented by AFA, and continued its fleet expansion with the addition of new aircraft. Operational highlights included the certification of substantial compliance with the DOJ's second request for information regarding the proposed acquisition of Hawaiian Airlines. Alaska Air ended the quarter with $2.5 billion in unrestricted cash and marketable securities and a debt-to-capitalization ratio of 45%. The company also repurchased shares, expanded its cargo fleet, and announced new nonstop routes, among other updates.