Alaska Air Group, which includes Alaska Airlines and the recently acquired Hawaiian Airlines, reported a significant increase in financial performance for the third quarter of 2024. The company's income before income tax rose to $328 million from $193 million in the same quarter of the previous year. Adjusted income before income tax also saw an increase, reaching $399 million compared to $322 million in 2023. Net income per share improved to $1.84, up from $1.08 year-on-year. Adjusted net income per share increased to $2.25 from $1.83. Total operating expenses, excluding fuel, freighter costs, and special items, were $2,016 million, up from $1,766 million in 2023. The company's operating statistics showed an 8% increase in revenue passengers and an 8% rise in traffic, with a slight improvement in load factor. Alaska Air...Show More

Alaska Air Group, which includes Alaska Airlines and the recently acquired Hawaiian Airlines, reported a significant increase in financial performance for the third quarter of 2024. The company's income before income tax rose to $328 million from $193 million in the same quarter of the previous year. Adjusted income before income tax also saw an increase, reaching $399 million compared to $322 million in 2023. Net income per share improved to $1.84, up from $1.08 year-on-year. Adjusted net income per share increased to $2.25 from $1.83. Total operating expenses, excluding fuel, freighter costs, and special items, were $2,016 million, up from $1,766 million in 2023. The company's operating statistics showed an 8% increase in revenue passengers and an 8% rise in traffic, with a slight improvement in load factor. Alaska Air's acquisition of Hawaiian Airlines on September 18, 2024, has expanded its network and international reach, contributing $95 million in revenue despite a pretax loss of $14 million for the short period post-acquisition included in the report. The company's future plans include expectations for the fourth quarter to show a capacity increase of 1.5% to 2.5% and an adjusted EPS above the midpoint of the previous guidance of $3.50 to $4.50 per share, inclusive of Hawaiian's results.