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
-17.57%
Variazione di 6 mesi
-1.08%
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 FY2000

Full document

Business Context and Reporting Period

Company: Alaska Air Group, Inc.
Filing Type: Form 10-Q (Quarterly Report)
Period Ended: September 30, 2000
Operations: The registrant operates through two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. The company reported 26,444,642 common shares outstanding as of the period end.

Key Financial Metrics

Consolidated Results (Nine Months Ended Sept 30, 2000)

  • Total Operating Revenues: $1,644.8 million (vs. $1,580.0 million in 1999).
  • Operating Income: $33.7 million (vs. $180.2 million in 1999).
  • Net Income (Loss): $(41.4) million (vs. $117.2 million in 1999).
  • Net Income Before Accounting Change: $15.5 million (vs. $117.2 million in 1999).
  • Diluted EPS: $(1.56) (vs. $4.43 in 1999).
  • Operating Cash Flow: $251.4 million provided by operating activities.
  • Cash and Cash Equivalents: $137.5 million (up from $132.5 million at Dec 31, 1999).
  • Long-Term Debt and Capital Lease Obligations: $406.5 million (vs. $337.0 million).
  • Working Capital: $(81.9) million deficit (vs. $(36.8) million deficit).

Consolidated Results (Three Months Ended Sept 30, 2000)

  • Total Operating Revenues: $602.3 million.
  • Operating Income: $37.2 million (vs. $86.3 million in 1999).
  • Net Income: $15.9 million (vs. $54.9 million in 1999).
  • Diluted EPS: $0.60 (vs. $2.07 in 1999).

Material Changes vs. Prior Period

The significant decline in profitability for the nine months ended September 30, 2000, was driven by two primary factors:

  • Accounting Change (SAB 101): The company adopted a new method for accounting for the sale of miles in its Mileage Plan. This resulted in a one-time cumulative effect charge of $56.9 million (net of tax), turning a pre-change profit of $15.5 million into a net loss of $41.4 million.
  • Operating Cost Increases: Operating expenses rose significantly due to higher fuel prices (fuel cost per gallon increased 57.1% to $0.985), increased labor costs (wages and benefits up 9.4% per employee excluding one-time charges), and higher aircraft maintenance costs. Fuel expense increased 55.1% year-over-year for the nine-month period.
  • Revenue Mix: While passenger revenue increased 5.6% due to higher yields (driven by fuel surcharges), "Other-net" revenue decreased 30.9% primarily due to the accounting change regarding frequent flyer miles.

Guidance, Outlook, Risks, and Unusual Items

Unusual Items and Contingencies

  • Flight 261 Accident: On January 31, 2000, Alaska Airlines Flight 261 crashed with no survivors. The company expects insurance to cover substantially all response and litigation costs. However, the accident led to increased maintenance inspections, causing flight cancellations in February and March 2000.
  • Legal Proceedings: The company is under investigation by the U.S. Attorney for the Northern District of California regarding its Oakland maintenance base and the Flight 261 crash. The FAA has also conducted audits and issued Letters of Investigation (LOIs) regarding maintenance procedures. No charges have been filed as of the filing date, but outcomes are unpredictable.
  • Special Charge: A $24.0 million special charge was recorded in June 2000 related to increased estimated costs for Mileage Plan travel awards.

Outlook and Commitments

  • Capital Expenditures: The company has firm orders for 63 aircraft totaling approximately $1.3 billion, with deliveries scheduled through 2005.
  • Liquidity: Cash and marketable securities increased to $383.4 million. The company financed new debt ($118.7 million) and capital expenditures ($207.8 million) during the period.
  • Alliances: The marketing alliance with Canadian Airlines was canceled in August 2000 due to Canadian Airlines' merger with Air Canada.

Investor Verification Checklist

  • Verify the impact of the SAB 101 accounting change on future revenue recognition and the sustainability of the $15.5 million pre-change operating profit.
  • Monitor the status of the FAA audit and the U.S. Attorney's investigation regarding maintenance practices and Flight 261, as adverse outcomes could have material financial consequences.
  • Assess the company's ability to manage rising fuel costs, which increased 57% year-over-year, and the effectiveness of fuel hedging strategies.
  • Review the execution of the $1.3 billion aircraft order backlog and the associated financing requirements (debt vs. leases).
  • Track the resolution of labor contract negotiations, particularly with Horizon Air pilots, and the impact of new labor contracts on wage rates.

Notizie