Alaska Air Group Q2 Revenue Edges Up

TL;DR

Alaska Air Group Q2 revenue up slightly to $2.1B, Mileage Plan revenue at $207M.

AI Summary

Alaska Air Group, Inc. reported its financial results for the period ending June 30, 2024. The company's passenger revenue for the second quarter of 2024 was $2.10 billion, a slight increase from $2.09 billion in the same quarter of 2023. Mileage Plan revenue also saw a modest rise to $207 million in Q2 2024 from $205 million in Q2 2023.

Why It Matters

This filing provides insight into Alaska Air Group's performance in the competitive airline industry, indicating stable revenue generation in the second quarter.

Risk Assessment

Risk Level: medium — The airline industry is subject to significant external factors like fuel prices, economic conditions, and competition, which can impact financial performance.

Key Numbers

• $2.10B — Passenger Revenue (Q2 2024)
• $2.09B — Passenger Revenue (Q2 2023)
• $207M — Mileage Plan Revenue (Q2 2024)
• $205M — Mileage Plan Revenue (Q2 2023)

Key Players & Entities

• ALASKA AIR GROUP, INC. (company) — Filer
• 20240630 (date) — Period of Report
• $2.10 billion (dollar_amount) — Passenger Revenue Q2 2024
• $2.09 billion (dollar_amount) — Passenger Revenue Q2 2023
• $207 million (dollar_amount) — Mileage Plan Revenue Q2 2024
• $205 million (dollar_amount) — Mileage Plan Revenue Q2 2023

FAQ

From the Filing

0000766421-24-000045.txt : 20240802 0000766421-24-000045.hdr.sgml : 20240802 20240802171623 ACCESSION NUMBER: 0000766421-24-000045 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 63 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240802 DATE AS OF CHANGE: 20240802 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: 241172199 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-20240630.htm 10-Q alk-20240630 FALSE 6/30/2024 2024 Q2 0000766421 --12-31 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure alk:aircraft 0000766421 2024-01-01 2024-06-30 0000766421 2024-07-31 0000766421 2024-06-30 0000766421 2023-12-31 0000766421 alk:PassengerRevenueMember 2024-06-30 0000766421 alk:PassengerRevenueMember 2023-12-31 0000766421 alk:MileagePlanRevenueMember 2024-06-30 0000766421 alk:MileagePlanRevenueMember 2023-12-31 0000766421 alk:PassengerRevenueMember us-gaap:PassengerMember 2024-04-01 2024-06-30 0000766421 alk:PassengerRevenueMember us-gaap:PassengerMember 2023-04-01 2023-06-30 0000766421 alk:PassengerRevenueMember us-gaap:PassengerMember 2024-01-01 2024-06-30 0000766421 alk:PassengerRevenueMember us-gaap:PassengerMember 2023-01-01 2023-06-30 0000766421 alk:MileagePlanServicesOtherMember alk:MileagePlanRevenueMember 2024-04-01 2024-06-30 0000766421 alk:MileagePlanServicesOtherMember alk:MileagePlanRevenueMember 2023-04-01 2023-06-30 0000766421 alk:MileagePlanServicesOtherMember alk:MileagePlanRevenueMember 2024-01-01 2024-06-30 0000766421 alk:MileagePlanServicesOtherMember alk:MileagePlanRevenueMember 2023-01-01 2023-06-30 0000766421 us-gaap:CargoAndFreightMember alk:CargoandOtherRevenueMember 2024-04-01 2024-06-30 0000766421 us-gaap:CargoAndFreightMember alk:CargoandOtherRevenueMember 2023-04-01 2023-06-30 0000766421 us-gaap:CargoAndFreightMember alk:CargoandOtherRevenueMember 2024-01-01 2024-06-30 0000766421 us-gaap:CargoAndFreightMember alk:CargoandOtherRevenueMember 2023-01-01 2023-06-30 0000766421 2024-04-01 2024-06-30 0000766421 2023-04-01 2023-06-30 0000766421 2023-01-01 2023-06-30 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 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 2024-03-31 0000766421 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0000766421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0000766421 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0000766421 us-gaap:TreasuryStockCommonMember 2024-04-01 2024-06-30 0000766421 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0000766421 us-gaap:CommonStockMember 2024-06-30 00007