Alaska Air Group Inc
0HC3.L
$48.77 -0.04%
Exchange: LSE | Sector: Industrials | Industry: Airlines Airports Air Services
Q2 2024
Published: Aug 2, 2024

Earnings Highlights

  • Revenue of $2.90B up 2.1% year-over-year
  • EPS of $1.71 decreased by 7.5% from previous year
  • Gross margin of 25.6%
  • Net income of 220.00M
  • ""Our commitment to operational excellence has allowed us to navigate the post-COVID travel landscape effectively, and we are seeing a resurgence in demand across key markets."" - CEO

Alaska Air Group Inc (0HC3.L) Q2 2024 Financial Results: Strong Recovery and Strategic Growth Initiatives

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.

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 3,704.00 1.40 +27.9% View
Q1 2025 3,137.00 -1.35 +40.6% View
Q4 2024 3,534.00 0.55 +38.4% View
Q3 2024 3,072.00 1.84 +8.2% View
Q2 2024 2,897.00 1.71 +2.1% View