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Alaska Air | 10-Q: Q3 2024 Earnings Report

Alaska Air | 10-Q: Q3 2024 Earnings Report

阿拉斯加航空 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/08 10:16

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Alaska Air Group reported a robust Q3 2024 performance with net income surging to $236 million, or $1.84 per share, up from $139 million in Q3 2023. Total operating revenue increased 8% to $3.07 billion, including $95 million contribution from newly acquired Hawaiian Airlines. Passenger revenue grew 8% to $2.82 billion, while cargo and other revenue rose 29% to $80 million.The company's operating expenses increased 4% to $2.73 billion, though fuel costs decreased 10% to $624 million due to lower refining margins. Non-fuel operating expenses, excluding special items, rose 14% to $2.03 billion, primarily driven by higher wages, variable incentive pay, and the incorporation of Hawaiian Airlines' operations since September 18.Looking ahead, Alaska Air expects Q4 capacity to increase 1.5% to 2.5% versus 2023, with RASM projected to grow mid-single digits. The company maintains a strong liquidity position with $2.5 billion in cash and marketable securities, while successfully completing a $2 billion debt refinancing post-quarter end that is expected to save approximately $30 million in annualized interest costs.
Alaska Air Group reported a robust Q3 2024 performance with net income surging to $236 million, or $1.84 per share, up from $139 million in Q3 2023. Total operating revenue increased 8% to $3.07 billion, including $95 million contribution from newly acquired Hawaiian Airlines. Passenger revenue grew 8% to $2.82 billion, while cargo and other revenue rose 29% to $80 million.The company's operating expenses increased 4% to $2.73 billion, though fuel costs decreased 10% to $624 million due to lower refining margins. Non-fuel operating expenses, excluding special items, rose 14% to $2.03 billion, primarily driven by higher wages, variable incentive pay, and the incorporation of Hawaiian Airlines' operations since September 18.Looking ahead, Alaska Air expects Q4 capacity to increase 1.5% to 2.5% versus 2023, with RASM projected to grow mid-single digits. The company maintains a strong liquidity position with $2.5 billion in cash and marketable securities, while successfully completing a $2 billion debt refinancing post-quarter end that is expected to save approximately $30 million in annualized interest costs.
阿拉斯加航空集团报告了2024年第三季度强劲的业绩,净利润激增至23600万美元,或每股1.84美元,较2023年第三季度的13900万美元有所上升。总营业收入增加了8%,达到30.7亿美元,其中包括新收购的夏威夷航空贡献的9500万美元。乘客收入增长8%,达28.2亿美元,而货运和其他收入则增长了29%,达到8000万美元。公司的营业费用增加了4%,达到27.3亿美元,尽管由于精炼利润下降,燃料成本降低了10%,降至62400万美元。非燃料营业费用(不包括特别项目)增长了14%,达到20.3亿美元,主要受到工资增长、变量激励薪酬以及自9月18日起纳入夏威夷航空运营的推动。展望未来,阿拉斯加航空预计第四季度的运力将比2023年增长1.5%到2.5%,并预计RASm中单位增长。公司保持了强劲的流动性,现金和可交易证券达25亿美元,同时在季度末成功完成了20亿美元的债务再融资,预计每年可节省约3000万美元的利息成本。
阿拉斯加航空集团报告了2024年第三季度强劲的业绩,净利润激增至23600万美元,或每股1.84美元,较2023年第三季度的13900万美元有所上升。总营业收入增加了8%,达到30.7亿美元,其中包括新收购的夏威夷航空贡献的9500万美元。乘客收入增长8%,达28.2亿美元,而货运和其他收入则增长了29%,达到8000万美元。公司的营业费用增加了4%,达到27.3亿美元,尽管由于精炼利润下降,燃料成本降低了10%,降至62400万美元。非燃料营业费用(不包括特别项目)增长了14%,达到20.3亿美元,主要受到工资增长、变量激励薪酬以及自9月18日起纳入夏威夷航空运营的推动。展望未来,阿拉斯加航空预计第四季度的运力将比2023年增长1.5%到2.5%,并预计RASm中单位增长。公司保持了强劲的流动性,现金和可交易证券达25亿美元,同时在季度末成功完成了20亿美元的债务再融资,预计每年可节省约3000万美元的利息成本。
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