The earnings call reflects a strong financial performance with record-breaking revenue and profitability, driven by a robust premium segment and operational excellence. However, there are challenges related to moderated growth, increased labor costs, and the impact of fleet grounding affecting revenue and costs.

Company Guidance

During the Alaska Air Group's Q2 2024 earnings call, the executives provided detailed guidance on several key metrics. The company reported a record $2.9 billion in revenue, with a 15.8% adjusted pretax margin, marking the highest quarterly result in their history. Adjusted net income was $327 million, while GAAP net income stood at $220 million. They also highlighted a 32% increase in flight attendants' compensation, stemming from a new tentative agreement. Capacity growth for the full year is expected to be less than 2.5%, and the company is adjusting its full-year EPS guidance by $0.25, reflecting the impact of the flight attendant deal and the current domestic environment. Additional focus was placed on premium segment expansion, with plans to increase premium seat mix to 28% across their fleet by mid-2026. Operational excellence was underlined with a 99.5% completion rate, and Alaska Air Group continues to lead in customer satisfaction with the lowest number of complaints per 100,000 guests among U.S. airlines.

Record-Breaking Revenue

Alaska Air Group achieved $2.9 billion in revenue for Q2 2024, marking the highest quarterly result in its history.

Industry-Leading Profitability

The company reported a 15.8% adjusted pretax margin, expected to lead the industry, with an adjusted net income of $327 million.

Flight Attendant Agreement

Alaska Air Group announced a tentative agreement with flight attendants, including a 32% increase in compensation, pending ratification.

Operational Excellence

The company maintained a completion rate of 99.5% or better each month in the quarter, despite challenging conditions.

Strong Premium Segment Performance

First Class and premium class revenues were up 8% and 6% year-over-year, respectively, outpacing main cabin revenue growth.

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Alaska Air Group (GB:0HC3) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0HC3 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 1.66	2.51	-33.86% (-0.85)	―	―
Oct 25, 2018	2018 (Q3)	- / 1.91	2.24	-14.73% (-0.33)	―	―
Jan 24, 2019	2018 (Q4)	- / 0.75	0.83	-9.64% (-0.08)	―	―
Apr 25, 2019	2019 (Q1)	- / 0.17	0.14	21.43% (+0.03)	―	―
Jul 25, 2019	2019 (Q2)	- / 2.17	1.66	30.72% (+0.51)	―	―
Oct 24, 2019	2019 (Q3)	- / 2.63	1.91	37.70% (+0.72)	―	―
Jan 28, 2020	2019 (Q4)	- / 1.46	0.75	94.67% (+0.71)	―	―
May 05, 2020	2020 (Q1)	- / -0.82	0.17	-582.35% (-0.99)	―	―
Jul 23, 2020	2020 (Q2)	- / -3.54	2.17	-263.13% (-5.71)	―	―
Oct 22, 2020	2020 (Q3)	- / -3.23	2.63	-222.81% (-5.86)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0HC3 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$47.19	$48.79	+3.39%
Jul 17, 2024	$39.85	$36.89	-7.43%
Apr 18, 2024	$42.75	$44.62	+4.37%
Jan 25, 2024	$35.79	$37.37	+4.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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