Alaska Air Credits Q4 Revenue Jump To Strong Travel Demand, Confirms $1 Billion Share Buyback Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
0mins
Should l Buy ALK?
Source: Benzinga
Strong Financial Performance: Alaska Air Group reported fourth-quarter sales of $3.53 billion, exceeding expectations, with adjusted EPS of 97 cents, driven by strong leisure demand and improved corporate travel.
Future Outlook and Share Buyback: The company authorized a new $1 billion share repurchase plan and projects an adjusted EPS for FY25 greater than $5.75, despite anticipating a first-quarter loss.
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Analyst Views on ALK
Wall Street analysts forecast ALK stock price to rise
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 39.060
Low
63.00
Averages
71.10
High
80.00
Current: 39.060
Low
63.00
Averages
71.10
High
80.00
About ALK
Alaska Air Group, Inc. is engaged in operating airlines. The Company operates through its subsidiaries Alaska Airlines, Inc., Hawaiian Holdings, Inc., Horizon Air Industries, Inc., and McGee Air Services. The Company's segments include Alaska Airlines, Hawaiian Airlines, and Regional. The Alaska Airlines segment includes scheduled air transportation of passengers and cargo on Boeing 737 (B737), Boeing 787 (B787), Boeing 717 (B717), Airbus A330 (A330), Airbus A321neo (A321neo), and others, throughout North America, Latin America, Asia, and the Pacific. The Regional segment includes Horizon's and other third-party carriers scheduled air transportation on E175 jet aircraft for passengers under capacity purchase agreements (CPAs). The Company serves more than 140 destinations throughout North America, Central America, Asia and across the Pacific. The Company provides freight and mail services (cargo) using both freighter aircraft and the bellies of its passenger aircraft.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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