Alaska Air Group Inc
0HC3.L
$48.77 -0.04%
Exchange: LSE | Sector: Industrials | Industry: Airlines Airports Air Services
Q3 2024
Published: Nov 8, 2024

Earnings Highlights

  • Revenue of $3.07B up 8.2% year-over-year
  • EPS of $1.84 increased by 71.6% from previous year
  • Gross margin of 28.6%
  • Net income of 236.00M
  • ""Our capacity expansion plans are on track, and we are optimistic about our future routes and service offerings that meet evolving passenger demand."" - Alaska Air Group CEO

Alaska Air Group Inc (0HC3.L) Q3 2024 Results - Strong Growth and Strategic Moves Amid Heightened Competition

Executive Summary

Alaska Air Group Inc (0HC3.L) reported a solid performance in Q3 2024, fueled by increased demand for air travel and strategic operational improvements. Revenue reached $3.07 billion, marking an 8.21% year-over-year increase and a 6.04% rise from the previous quarter. The net income for the quarter rose to $236 million with a net income margin of 7.76%, representing a significant 69.78% year-over-year growth. Management emphasized ongoing efforts to enhance operational efficiencies and customer satisfaction, which are pivotal for maintaining competitive advantage in a recovering aviation sector. Despite challenges like rising fuel costs and inflation pressures, Alaska Airรขโ‚ฌโ„ขs ability to expand capacity and improve profitability illustrates its resilience and proactive strategy. The company continues to demonstrate high levels of operational efficiency, leaving it well-positioned to navigate foreseen market fluctuations and capitalize on growth opportunities.

Key Performance Indicators

Revenue

3.07B
QoQ: 6.04% | YoY:8.21%

Gross Profit

878.00M
28.58% margin
QoQ: 18.17% | YoY:38.05%

Operating Income

341.00M
QoQ: -27.91% | YoY:61.61%

Net Income

236.00M
QoQ: 7.27% | YoY:69.78%

EPS

1.87
QoQ: 7.47% | YoY:71.56%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue**: $3.07 billion - YoY Growth: 8.21% - QoQ Growth: 6.04%
  • **Gross Profit**: $878 million - YoY Growth: 38.05% - QoQ Growth: 18.17%
  • **Operating Income**: $341 million - YoY Growth: 61.61% - QoQ Decline: -27.91%
  • **Net Income**: $236 million - YoY Growth: 69.78% - QoQ Growth: 7.27%
  • **EBITDA**: $504 million - EBITDA Margin: 16.4%

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