BRIEF-Alaska Air CEO Says Company Was Profitable In June With Double Digit Pre-Tax Margin

Alaska Air Group, Inc.

Alaska Air Group, Inc.

ALK

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  • ALASKA AIR GROUP CEO: RETURNED TO PROFITABILITY IN JUNE WITH DOUBLE DIGIT PRE-TAX MARGIN DESPITE FUEL PRICES UP NEARLY 70% Y/Y - CONF CALL

  • ALASKA AIR EXEC: HAD MATERIAL ACCELERATION OF UNIT REVENUES ACROSS APRIL, MAY, JUNE- CONF CALL

  • ALASKA AIR EXEC: PREMIUM REVENUE NOW REPRESENTS 35% OF TOTAL REVENUE

  • ALASKA AIR EXEC: MORE THAN HALF OF EVERY REVENUE DOLLAR GENERATED NOW COMES FROM OUTSIDE THE MAIN CABIN

  • ALASKA AIR EXEC: EXEC: DEMAND HAS PROVEN DURABLE EVEN AS FARES MOVED HIGHER

  • ALASKA AIR EXEC: WE'RE ESPECIALLY ENCOURAGED BY THE STRENGTH OF HIGHER YIELDING DEMAND

  • ALASKA AIR EXEC: FORWARD CORPORATE BOOKINGS ARE UP 37%, SEVEN POINTS HIGHER THAN THE 30% ACHIEVED IN Q2

  • ALASKA AIR EXEC: BOOKINGS INTO SUMMER PEAK, EARLY FALL SHOULDER PACING WELL WITH UNIT REVENUE GROWTH RUNNING IN MID TEENS Y/Y

  • ALASKA AIR EXEC: AS FUEL NORMALIZES, THE TIMING OF WHICH IS TOUGH TO PREDICT, WE SEE CLEAR PATH TO OUR $10 ANNUAL EPS TARGET

  • ALASKA AIR EXEC: EARNINGS TO BECOME MORE DURABLE ACROSS CYCLES AS PREMIUM LOYALTY, CARGO AND ANCILLARY REVENUE MIX RISE OVER TIME

  • ALASKA AIR EXEC: WE DO THINK THAT THAT THE BOEING MAX10 WILL GET CERTIFIED RELATIVELY SOON

Further company coverage: ALK.N