canada africa partner reservation Alaska Air Group’s First Quarter 2024 Earnings: Exceeds Expectations

Alaska Air Group’s First Quarter 2024 Earnings: Exceeds Expectations

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Alaska Air Group (NYSE:ALK) First Quarter 2024 Results.

Main financial results

  • Revenue: $2.23 billion (up 1.6% from Q1 2023).
  • Net loss: US$132.0 million (loss reduced by 7.0% from first quarter 2023).
  • US$1.05 loss per share (improved from US$1.11 loss in Q1 2023).
NYSE:ALK Earnings and revenue growth May 5, 2024

All figures in the chart above are for the subsequent 12 month period (TTM).

Alaska Air Group’s revenues and profits exceed expectations

Revenue exceeded analyst expectations by 2.5%. Earnings per share (EPS) also exceeded analyst expectations by 2.2%.

Looking ahead, revenue is expected to grow at an average annual rate of 5.9% over the next three years, compared to a 6.7% growth forecast for the US aviation sector.

Performance of the American Airlines industry.

The company’s shares are down 2.9% from a week ago.

Risk analysis

Before we close, we discovered it 1 warning sign for Alaska Air Group that you should be aware of.

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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 is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. We aim to provide you with targeted, long-term analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or quality material. Simply Wall St has no positions in the stocks mentioned.