Alaska Air Group Q1 Revenue Dips Slightly to $2.24B
Ticker: ALK · Form: 10-Q · Filed: 2024-05-03T00:00:00.000Z
Sentiment: neutral
Topics: earnings, revenue, airline
Related Tickers: UAL, AAL, LUV, DAL
TL;DR
Alaska Air Group Q1 revenue $2.24B, down slightly YoY. Watch for recovery.
AI Summary
Alaska Air Group, Inc. reported its first quarter 2024 results, with total operating revenue of $2.24 billion for the period ending March 31, 2024. This represents a slight decrease compared to the same period in the prior year. The company's financial performance is detailed in its 10-Q filing.
Why It Matters
This filing provides insight into Alaska Air Group's financial health and operational performance in the first quarter of 2024, impacting investor confidence and future stock valuation.
Risk Assessment
Risk Level: medium — Airline industry is subject to volatile fuel prices, economic downturns, and competitive pressures.
Key Numbers
- $2.24B — Total Operating Revenue (First quarter 2024 revenue ending March 31, 2024.)
Key Players & Entities
- Alaska Air Group, Inc. (company) — Filer of the 10-Q report
- 20240331 (date) — End of the reporting period
- $2.24 billion (dollar_amount) — Total operating revenue for the first quarter of 2024
FAQ
What was Alaska Air Group's total operating revenue for the first quarter of 2024?
Alaska Air Group's total operating revenue for the first quarter of 2024 was $2.24 billion.
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is March 31, 2024.
What is the company's Standard Industrial Classification code?
The company's Standard Industrial Classification code is [4512] for AIR TRANSPORTATION, SCHEDULED.
In which state is Alaska Air Group incorporated?
Alaska Air Group is incorporated in Delaware (DE).
What was the filing date of this 10-Q report?
The filing date of this 10-Q report was May 3, 2024.
From the Filing
0000766421-24-000031.txt : 20240503 0000766421-24-000031.hdr.sgml : 20240503 20240502200040 ACCESSION NUMBER: 0000766421-24-000031 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 61 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALASKA AIR GROUP, INC. CENTRAL INDEX KEY: 0000766421 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 911292054 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-08957 FILM NUMBER: 24910378 BUSINESS ADDRESS: STREET 1: 19300 INTERNATIONAL BOULEVARD CITY: SEATTLE STATE: WA ZIP: 98188 BUSINESS PHONE: 206-392-5040 MAIL ADDRESS: STREET 1: 19300 INTERNATIONAL BOULEVARD CITY: SEATTLE STATE: WA ZIP: 98188 FORMER COMPANY: FORMER CONFORMED NAME: ALASKA AIR GROUP INC DATE OF NAME CHANGE: 19920703 10-Q 1 alk-20240331.htm 10-Q alk-20240331 FALSE 3/31/2024 2024 Q1 0000766421 --12-31 0000766421 2024-01-01 2024-03-31 0000766421 2024-04-30 xbrli:shares 0000766421 2024-03-31 iso4217:USD 0000766421 2023-12-31 0000766421 alk:PassengerRevenueMember 2024-03-31 0000766421 alk:PassengerRevenueMember 2023-12-31 0000766421 alk:MileagePlanRevenueMember 2024-03-31 0000766421 alk:MileagePlanRevenueMember 2023-12-31 iso4217:USD xbrli:shares 0000766421 us-gaap:PassengerMember alk:PassengerRevenueMember 2024-01-01 2024-03-31 0000766421 us-gaap:PassengerMember alk:PassengerRevenueMember 2023-01-01 2023-03-31 0000766421 alk:MileagePlanServicesOtherMember alk:MileagePlanRevenueMember 2024-01-01 2024-03-31 0000766421 alk:MileagePlanServicesOtherMember alk:MileagePlanRevenueMember 2023-01-01 2023-03-31 0000766421 alk:CargoandOtherRevenueMember us-gaap:CargoAndFreightMember 2024-01-01 2024-03-31 0000766421 alk:CargoandOtherRevenueMember us-gaap:CargoAndFreightMember 2023-01-01 2023-03-31 0000766421 2023-01-01 2023-03-31 0000766421 us-gaap:CommonStockMember 2023-12-31 0000766421 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000766421 us-gaap:TreasuryStockCommonMember 2023-12-31 0000766421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000766421 us-gaap:RetainedEarningsMember 2023-12-31 0000766421 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000766421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000766421 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000766421 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000766421 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000766421 us-gaap:CommonStockMember 2024-03-31 0000766421 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000766421 us-gaap:TreasuryStockCommonMember 2024-03-31 0000766421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000766421 us-gaap:RetainedEarningsMember 2024-03-31 0000766421 us-gaap:CommonStockMember 2022-12-31 0000766421 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000766421 us-gaap:TreasuryStockCommonMember 2022-12-31 0000766421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000766421 us-gaap:RetainedEarningsMember 2022-12-31 0000766421 2022-12-31 0000766421 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0000766421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000766421 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0000766421 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0000766421 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000766421 us-gaap:CommonStockMember 2023-03-31 0000766421 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000766421 us-gaap:TreasuryStockCommonMember 2023-03-31 0000766421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000766421 us-gaap:RetainedEarningsMember 2023-03-31 0000766421 2023-03-31 0000766421 alk:SupplierCreditMemosMember us-gaap:SubsequentEventMember 2024-04-01 2024-04-30 0000766421 2023-12-02 0000766421 a