ALK

#1385
Alaska Air Group, Inc. Common Stock
42.0 4 USD
+0.02%
Market Price
Settore: Industriale
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
42.02
42.30
Intervallo Annuale
33.04
65.88
Variazione giornaliera
+1.59%
Variazione Mensile
-14.05%
Variazione di 6 mesi
+3.29%
Variazione Annuale
-33.06%
Chiusura Precedente
41.3 8
Open
42.2 0
Minimo
42.0 2
Massimo
42.3 0
Volume
1 161
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Dividendi Documents

2026

Current report, Q3 FY2026
ALASKA AIR GROUP, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
ALASKA AIR GROUP, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
ALASKA AIR GROUP, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ALASKA AIR GROUP, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ALASKA AIR GROUP, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ALASKA AIR GROUP, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ALASKA AIR GROUP, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ALASKA AIR GROUP, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ALASKA AIR GROUP, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
ALASKA AIR GROUP, INC. quarterly report, Q1 FY2026
10-Q

ALASKA AIR GROUP, INC. quarterly report, Q3 FY1999

Full document

Business Context and Reporting Period

Company: Alaska Air Group, Inc.
Filing Type: Form 10-Q (Quarterly Report)
Period Ended: September 30, 1999
Business Overview: The registrant operates through two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. The company provides passenger and freight air transportation services.

Key Financial Metrics

Revenue and Profit (Nine Months Ended Sept 30, 1999):

  • Total Operating Revenues: $1,580.0 million (vs. $1,440.7 million in 1998).
  • Operating Income: $180.2 million (vs. $174.6 million in 1998).
  • Net Income: $117.2 million (vs. $97.4 million in 1998).
  • Diluted Earnings Per Share: $4.43 (vs. $3.79 in 1998).

Liquidity and Balance Sheet (As of Sept 30, 1999):

  • Cash and Cash Equivalents: $76.8 million.
  • Marketable Securities: $170.1 million.
  • Total Current Assets: $495.4 million.
  • Total Current Liabilities: $600.6 million.
  • Working Capital: $(105.2) million deficit (vs. $2.9 million surplus in 1998).
  • Long-Term Debt and Capital Lease Obligations: $153.9 million.
  • Shareholders' Equity: $913.3 million.

Cash Flow (Nine Months Ended Sept 30, 1999):

  • Net Cash Provided by Operating Activities: $323.9 million.
  • Net Cash Used in Investing Activities: $(294.7) million (primarily capital expenditures of $417 million).
  • Net Cash Provided by Financing Activities: $18.2 million.

Material Changes Versus Prior Period

Revenue Growth: Consolidated operating revenues increased 9.7% year-over-year. Alaska Airlines passenger revenues rose 7.2% due to a 5.1% increase in yields and a 1.3 point increase in load factor. Horizon Air passenger revenues surged 20.4% driven by a 17.6% capacity increase.

Expense Increases: Total operating expenses rose 10.6% to $1,399.8 million. Key drivers included:

  • Fuel Costs: Increased 20.1% (Alaska +34%, Horizon +37.7%) due to a 34% rise in fuel prices per gallon.
  • Wages and Benefits: Increased 8.9% due to headcount growth to service increased traffic.
  • Maintenance: Increased 14.6% due to higher overhaul and repair costs.

Nonoperating Items: Net nonoperating income improved by $25.7 million compared to 1998. The 1998 period included a $16.5 million pretax litigation settlement charge which was absent in 1999.

Segment Performance: Horizon Air operating income increased 46.0% to $23.5 million, while Alaska Airlines operating income decreased slightly by 1.2% to $157.5 million due to higher unit costs.

Guidance, Outlook, Risks, and Contingencies

Capital Commitments: The company has firm orders for 65 aircraft requiring aggregate payments of approximately $1.4 billion through 2005.

Year 2000 (Y2K) Contingency:

  • 98% of mission-critical systems have been remediated and implemented as of September 30, 1999.
  • Estimated direct costs for Y2K remediation are less than $2 million.
  • Risk: The company notes that failure of third-party systems (suppliers, FAA, airports) could materially adversely affect operations. Contingency plans are being finalized for Q4 1999.

Labor Relations:

  • New contracts ratified in 1999 for maintenance technicians, flight attendants, and clerical staff, involving wage increases and benefit improvements.
  • Negotiations are ongoing for ramp service employees (IAM) and Horizon pilots (Teamsters).

Strategic Alliances: New marketing alliances and codesharing agreements were established with American Airlines, British Airways, Canadian Airlines, Continental Airlines, and Qantas to enhance revenue and connectivity.

Investor Verification Checklist

  • Fuel Price Sensitivity: Verify the impact of the 34% increase in fuel costs on future margins, as fuel is a major expense component.
  • Working Capital Deficit: Confirm the sustainability of the $105.2 million working capital deficit and the company's liquidity management strategy.
  • Capital Expenditure Schedule: Review the $1.4 billion aircraft delivery schedule and associated cash flow requirements against projected operating cash flows.
  • Y2K Readiness: Monitor the completion of remaining Y2K remediation and the status of critical third-party vendors and infrastructure (FAA/Airports).
  • Labor Cost Trajectory: Assess the long-term impact of newly ratified labor contracts on wage and benefit expenses.

Notizie