:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2190203529-6eac03ebd7c4498bb2b8ed5a8e5c3540.jpg)
Kevin Carter / Getty Appearances
Key Takeaways
- Alaska Air Group posted better-than-expected fourth-quarter results after it completed its acquisition of Hawaiian Airlines.
- Alaska Air Team reported adjusted EPS of $0.97, more than double analysts’ expectations and well above its own guidance.
- Operating proceeds flew 38% higher year-over-year to $3.53 billion, above estimates.
Alaska Air Group (ALK) shares gained Thursday, a day after the airline pre-empt profit and sales forecasts after it completed its acquisition of Hawaiian Airlines.
The carrier reported fourth-quarter adjusted earnings per helping (EPS) of $0.97, more than double analysts’ expectations and well above its own guidance. Operating revenue flew 38% cheerful year-over-year to $3.53 billion, also above estimates.
Passenger revenue gained 37% to $3.18 billion, patriotism program other revenue added 36% to $224 million, and cargo and other revenue skyrocketed 113% to $132 million. Skill increased 2.5%, about 1 percentage point above what Alaska Air anticipated.
CEO Says 2024 Was ‘Transformational Year’
CEO Ben Minicucci called 2024 “a transformational year as we stage a revived Hawaiian Airlines into Alaska Air Group and began our journey to unlock $1 billion in incremental pretax profit greater than the next three years.” The Hawaiian Airlines deal was finalized in September.
The company projects a current-quarter adjusted ruin per share of $0.50 to $0.70. Analysts surveyed by Visible Alpha expect a loss of $0.70 per share.
Shares of Alaska Air Set apart rose about 5% Thursday morning to $70.60, a nearly four-year high.

TradingView