Alaska Air Group (ALK) Reports 2% Revenue Growth and $132 Million Net Loss in Q1 2024

Thursday, 18 April 2024, 11:42

Alaska Air Group (ALK) disclosed its Q1 2024 earnings, showing a 2% increase in total operating revenue to $2.23 billion. The company faced a net loss of $132 million, resulting in a loss of $1.05 per share. Adjusted loss per share stood at $0.92. Alaska Air Group expects its EPS to range between $2.20-2.40 for Q2 2024 and $3.25-5.25 for the full year, highlighting its performance in the aviation sector.
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Alaska Air Group (ALK) Reports 2% Revenue Growth and $132 Million Net Loss in Q1 2024

Alaska Air Group (ALK) Q1 2024 Performance Overview

  • Total operating revenue rose by 2% year-over-year to $2.23 billion
  • Net loss was $132 million, equivalent to $1.05 per share, compared to the prior year's loss of $142 million or $1.11 per share
  • Adjusted loss per share was recorded at $0.92
  • Alaska Air Group projects EPS between $2.20-2.40 in Q2 2024 and $3.25-5.25 for the full year

Alaska Air Group (ALK) revealed its latest performance numbers for Q1 2024, showing a mixed outlook with revenue growth but a significant net loss. The anticipation for improved earnings per share in the upcoming quarters sheds light on the company's recovery strategy in the aviation market.


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.


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