Alaska Air Group Q3 Revenue Declines Year-Over-Year
Ticker: ALK · Form: 10-Q · Filed: 2024-11-08T00:00:00.000Z
Sentiment: mixed
Topics: earnings, revenue, airline
TL;DR
Alaska Air Group Q3 revenue down to $2.6B from $2.8B last year, but YTD revenue up to $7.5B from $7.2B.
AI Summary
Alaska Air Group, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported total operating revenue of $2.618 billion for the three months ended September 30, 2024, compared to $2.821 billion for the same period in 2023. For the nine months ended September 30, 2024, total operating revenue was $7.476 billion, up from $7.200 billion in the prior year.
Why It Matters
This filing provides insight into Alaska Air Group's financial performance, indicating a decrease in revenue for the third quarter of 2024 compared to the previous year, which could impact investor confidence and future stock performance.
Risk Assessment
Risk Level: medium — Revenue fluctuations and the competitive airline industry present ongoing risks to financial performance.
Key Numbers
- $2.618B — Q3 2024 Operating Revenue (Represents a decrease from the prior year's Q3.)
- $2.821B — Q3 2023 Operating Revenue (Benchmark for Q3 2024 revenue comparison.)
- $7.476B — Year-to-Date 2024 Operating Revenue (Shows an increase in revenue over the first nine months of 2024.)
- $7.200B — Year-to-Date 2023 Operating Revenue (Benchmark for year-to-date 2024 revenue comparison.)
Key Players & Entities
- Alaska Air Group, Inc. (company) — Filer of the 10-Q
- 20240930 (date) — End of reporting period
- $2.618 billion (dollar_amount) — Q3 2024 operating revenue
- $2.821 billion (dollar_amount) — Q3 2023 operating revenue
- $7.476 billion (dollar_amount) — Year-to-date 2024 operating revenue
- $7.200 billion (dollar_amount) — Year-to-date 2023 operating revenue
FAQ
What was Alaska Air Group's total operating revenue for the third quarter of 2024?
Alaska Air Group's total operating revenue for the three months ended September 30, 2024, was $2.618 billion.
How does the third quarter 2024 revenue compare to the third quarter of 2023?
The total operating revenue for the three months ended September 30, 2024, was $2.618 billion, compared to $2.821 billion for the same period in 2023.
What was Alaska Air Group's total operating revenue for the nine months ended September 30, 2024?
For the nine months ended September 30, 2024, total operating revenue was $7.476 billion.
How does the year-to-date 2024 revenue compare to the year-to-date 2023 revenue?
The total operating revenue for the nine months ended September 30, 2024, was $7.476 billion, compared to $7.200 billion for the same period in 2023.
What is the company's fiscal year end?
Alaska Air Group's fiscal year ends on December 31.
From the Filing
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