Categories AlphaGraphs, Earnings, Industrials
Alaska Air (ALK) Q3 profit jumps on strong revenue growth
Alaska Air Group (NYSE: ALK) reported higher revenues and adjusted profit for the third quarter of 2022, amid continued recovery in traffic.
The company reported adjusted profit of $2.53 per share for the September quarter, compared to $1.47 per share in the prior-year quarter. On an unadjusted basis, meanwhile, third-quarter net income declined to $40 million or $0.31 per share from $194 million or $1.53 per share in the same period of 2021.
The bottom line benefitted from a 45% surge in operating revenues to $2.83 billion. For the full-year 2022, the company expects capacity to drop 8%-9% as it transitions to single-fleet and operational reliability.
Check this space to read management/analysts’ comments on Alaska Air’s Q3 2022 results
“We ran an industry-leading operation with completion rates over 99% every month. We set a new revenue record and our double-digit pretax margin will likely lead the industry. Alaska and Horizon also ratified three major labor deals. This is a strong foundation that we look forward to building on in 2023,” said Alaska Air’s CEO Ben Minicucci.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
KBH Earnings: KB Home Q1 profit drops on lower sales, misses estimates
Homebuilder KB Home (NYSE: KBH) on Monday announced financial results for the first quarter of 2025, reporting lower revenues and profit. The bottom line fell short of expectations. First-quarter net
Can Nike (NKE) achieve sustainable growth under new leadership?
Nike, Inc. (NYSE: NKE) is banking on innovations in its product portfolio and improvements in the operating environment to regain strength, while it continues to grapple with multiple headwinds affecting
Here’s how Lennar (LEN) is navigating a challenging macroeconomic environment
Shares of Lennar Corporation (NYSE: LEN) gained over 1% on Monday. The stock has dropped 11% over the past three months. The homebuilder grew its revenues in the first quarter
