What to Expect from Alaska Air Group (ALK) Q1 2024 Earnings Report
Thursday, 11 April 2024, 17:33
Revenue
Analysts project revenue of $2.19 billion for Alaska in Q1 2024, compared to $2.2 billion in Q1 2023.
In Q4 2023, operating revenue rose 3% year-over-year to $2.5 billion.
Earnings
Alaska forecasts an adjusted loss per share of $1.15-1.05 for Q1 2024, with consensus at $0.93 per share.
The company lost around $160 million in Q1 pretax profit due to operational challenges.
Points to Note
- Strong performance in high-frequency and leisure markets
- Challenges from accidents and grounding events
- Potential opportunities from the Hawaiian Airlines acquisition
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.