ALK - Alaska Airlines Reports Mixed Q2 Results And Cautious Q3 Outlook Enhances Premium Services | Benzinga
Alaska Air Group, Inc (NYSE:ALK) reported second-quarter 2024 total operating revenue growth of 2% year-over-year to $2.897 billion, missing the consensus of $2.945 billion.
Adjusted EPS stood at $2.55, down from $3.00 a year ago, beating the consensus of $2.39.
“It’s clear that premium airlines are rising above the rest of the industry, and Alaska’s product and performance put us in that top tier, with a strong long-term outlook to grow and compete. That’s how we brought in record quarterly revenue and achieved a 15.8% adjusted pretax margin that should lead the industry,” commented CEO Ben Minicucci.
Revenue passengers rose 3% Y/Y, traffic was up 2%, capacity gained 6% Y/Y, and load factor contracted from 87%% to 84.1%.
Economic fuel cost per gallon for the quarter rose ...