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 FY1997

Full document

Business Context and Reporting Period

Company: Alaska Air Group, Inc. (Alaska Air Group)

Filing Type: Form 10-Q (Quarterly Report)

Reporting Period: Quarter and nine months ended September 30, 1997

Business Overview: A holding company with principal subsidiaries Alaska Airlines, Inc. and Horizon Air Industries, Inc. The company operates passenger and cargo air services.

Key Financial Metrics

Third Quarter 1997 (vs. Third Quarter 1996)

  • Net Income: $42.2 million ($2.85 primary EPS; $1.95 diluted EPS) vs. $32.8 million.
  • Operating Income: $76.3 million vs. $63.0 million.
  • Operating Revenues: $501.2 million vs. $464.9 million.
  • Operating Expenses: $424.9 million vs. $401.9 million.
  • Alaska Airlines Operating Margin: 16.5% (up from 14.9%).
  • Horizon Air Operating Margin: 8.2% (up from 7.0%).

Nine Months Ended September 30, 1997 (vs. Prior Year)

  • Net Income: $57.3 million ($3.90 primary EPS; $2.78 diluted EPS) vs. $43.6 million.
  • Operating Income: $111.8 million vs. $97.4 million.
  • Operating Revenues: $1,316.6 million vs. $1,233.0 million.
  • Operating Expenses: $1,204.8 million vs. $1,135.6 million.
  • Cash and Marketable Securities: $192.0 million (up $90.2 million from Dec 31, 1996).
  • Long-term Debt and Capital Leases: $411.6 million (up $7.5 million).
  • Debt-to-Equity Ratio: Improved to 55%:45% from 60%:40%.

Material Changes vs. Prior Period

  • Revenue Growth: Driven by a 9.0% increase in system passenger yield for Alaska Airlines and a 3.0 point improvement in load factor for Horizon Air. Passenger revenues increased 10.5% for Alaska and 0.6% for Horizon in the third quarter.
  • Cost Dynamics:
    • Fuel: Fuel expense per ASM decreased 14% for Alaska and 9% for Horizon due to lower fuel prices.
    • Labor: Wages and benefits per ASM increased 9% for Alaska due to an 8.3% increase in employee count and higher pilot wage rates. Horizon saw a 3% increase.
    • Maintenance: Maintenance expense per ASM increased 34% for Alaska and 17% for Horizon due to higher expensed repair work and fleet transition costs.
  • Non-Operating Expenses: Decreased $2.6 million in the quarter and $8.5 million for the nine months, primarily due to lower average debt balances and interest rates.
  • Horizon Performance: While Horizon improved in the third quarter, its nine-month operating income decreased 63.9% to $2.6 million due to a 2.9% decrease in passenger yield attributed to the reinstatement of the 10% passenger ticket tax.

Outlook, Risks, and Management Commentary

  • Capital Resources: Operating activities provided $227 million in cash for the nine months. Significant cash usage ($317 million) was directed toward capital expenditures, including new aircraft purchases and overhauls. The company also executed sale-leaseback transactions totaling $199 million.
  • Credit Rating: Standard & Poor's revised the outlook on Air Group and Alaska to "positive" from "stable" in June 1997.
  • Legal Contingency: MarkAir claims damages of $70 million (revised from $57 million) regarding a 1991 contract termination. If MarkAir prevails, the after-tax effect could reduce shareholders' equity by approximately $41 million (12%). Management believes it has adequate defenses.
  • Taxation: The 10% passenger ticket tax and other taxes were reinstated March 7, 1997. New tax structures effective October 1, 1997, include a 9% ticket tax plus a per-segment fee. A new 7.5% tax on frequent flyer mile sales was also enacted.
  • Labor Relations: A new 5.5-year contract was agreed upon with the Airline Pilots Association. Negotiations are ongoing for mechanics/ramp service and flight attendants. Horizon pilots voted to be represented by the Teamsters union.
  • Accounting Changes: The company adopted FAS 128 (Earnings Per Share) effective for fiscal years ending after December 15, 1997, requiring restatement of prior years' EPS.

Investor Verification Checklist

  • Verify the status and potential financial impact of the MarkAir litigation ($70 million claim).
  • Monitor the impact of the new 7.5% tax on frequent flyer program revenues and the revised passenger ticket tax structure.
  • Assess the sustainability of the 14% reduction in fuel costs per ASM given historical volatility.
  • Review the progress of labor negotiations for mechanics and flight attendants to gauge future wage cost pressures.
  • Confirm the execution of planned capital expenditures and the effectiveness of sale-leaseback transactions in managing liquidity.

Notizie