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) 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.
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