Executive Summary
In Q2 2024, Alaska Air Group Inc reported a revenue of $2.897 billion, marking a substantial 29.79% increase from Q1 2024 and a 2.08% rise year-over-year. The company showcases a strong recovery trajectory post-pandemic, driven by robust passenger demand and strategic operational enhancements. Operating income surged to $473 million, reflecting an impressive 40.36% increase year-over-year and a substantial 458.33% jump from the previous quarter, highlighting effective cost management despite rising operational expenses.
Net income for the quarter reached $220 million, equating to an EPS of $1.74, marking a significant increase quarter-over-quarter of 266.67%, although down 8.33% year-over-year. The results underscore Alaska Air's resilience in a competitive landscape, supported by strategic initiatives aimed at optimizing operational efficiency.
Key Performance Indicators
Revenue
2.90B
QoQ: 29.79% | YoY:2.08%
Gross Profit
743.00M
25.65% margin
QoQ: 395.33% | YoY:-5.47%
Operating Income
473.00M
QoQ: 458.33% | YoY:40.36%
Net Income
220.00M
QoQ: 266.67% | YoY:-8.33%
EPS
1.74
QoQ: 265.71% | YoY:-7.45%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $2.897 billion, up 29.79% QoQ and 2.08% YoY.
- **Operating Income**: $473 million, a 40.36% increase YoY and 458.33% from Q1 2024, indicating robust operational performance.
- **Net Income**: $220 million, reflecting an increase of 266.67% QoQ but a decline of 8.33% YoY.
- **EPS**: $1.74, representing a 265.71% increase from the prior quarter despite a year-over-year decline of 7.45%.
- **Cash and Short-Term Investments**: Totaled $2.509 billion, enhancing liquidity and operational flexibility.