Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +2.1% EPS YoY: -7.5% Move: -3.68%

Alaska Air Group Inc

0HC3.L

$42.45 -3.68%

Exchange LSE Sector Industrials Industry Airlines Airports Air Services

Q2 2024

Published: Aug 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0HC3.L

Reported

Report Date

Aug 2, 2024

Quarter Q2 2024

Revenue

2.90B

YoY: +2.1%

EPS

1.71

YoY: -7.5%

Market Move

-3.68%

Previous quarter: N/A

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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

0HC3.L

Alaska Air Group Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 7, 2026

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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

Increasing

2.90B

QoQ: 29.79% | YoY: 2.08%

Gross Profit

Decreasing

743.00M

25.65% margin

QoQ: 395.33% | YoY: -5.47%

Operating Income

Increasing

473.00M

QoQ: 458.33% | YoY: 40.36%

Net Income

Decreasing

220.00M

QoQ: 266.67% | YoY: -8.33%

EPS

Decreasing

1.74

QoQ: 265.71% | YoY: -7.45%

Revenue Trend

Margin Analysis

Financial Highlights

### Revenue Growth
- Revenue: $2.897 billion, up 29.79% QoQ and 2.08% YoY.

### Profitability
- 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%.

### Balance Sheet Health
- Cash and Short-Term Investments: Totaled $2.509 billion, enhancing liquidity and operational flexibility.
- Total Liabilities: $11.116 billion, with a debt/equity ratio of 0.632 suggesting a manageable debt burden relative to equity.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.90B	2.08%	29.79%
Gross Profit	743.00M	-5.47%	395.33%
Operating Income	473.00M	40.36%	458.33%
Net Income	220.00M	-8.33%	266.67%
EPS	1.74	-7.45%	265.71%

Key Financial Ratios

Gross Profit Margin

Fair

31.30%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

11.10%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

7.59%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.43%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

5.21%

Return on equity is acceptable but below top-tier companies

Current Ratio

Concern

0.68

Current ratio below safe levels, potential liquidity risk

Debt to Equity

Elevated

0.63

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Value

5.81x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.21x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	3,766.00	0.58	+22.6%	View
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

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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