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Alaska Air Group's first quarter 2024 results: exceeds expectations

Alaska Air Group (NYSE:ALK) first quarter 2024 results.

Key financial results

  • Revenue: $2.23 billion (up 1.6% from Q1 2023).
  • Net loss: $132.0 million (loss narrowed 7.0% from Q1 2023).
  • $1.05 loss per share (improved from $1.11 loss in Q1 2023).
NYSE:ALK Earnings and Revenue Growth, May 5, 2024

All numbers shown in the chart above are for the most recent 12-month period (TTM).

Alaska Air Group's sales and earnings exceed expectations

Sales beat analyst estimates by 2.5%. Earnings per share (EPS) also exceeded analyst estimates by 2.2%.

Looking forward, revenue is forecast to grow at an average rate of 5.9% per year over the next three years, compared to a 6.7% growth forecast for the aviation industry in the US.

performance of the American Airlines industry.

The company's shares fell 2.9% compared to the previous week.

Risk analysis

Before we conclude, we have it figured out 1 warning sign for Alaska Air Group what you should be aware of.

Assessment is complex, but we help make it simple.

Find out whether Alaska Air Group may be overvalued or undervalued by checking out our comprehensive analysis Fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Check out the free analysis

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This article from Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only an unbiased methodology and our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term focused analysis based on fundamental data. Note that our analysis may not reflect the latest price-sensitive company announcements or qualitative material. Simply Wall St has no positions in any stocks mentioned.

Anna Harden

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