Categories AlphaGraphs, Earnings, Industrials
Alaska Air (ALK) Q4 revenue rises 31% amid continued traffic growth
Alaska Air Group (NYSE: ALK) reported an increase in revenues and adjusted profit for the fourth quarter of 2022, as passenger traffic continues to pick up momentum.
The company reported adjusted profit of $0.92 per share for the December quarter, which is more than double the profit generated in the prior-year quarter. On an unadjusted basis, net income increased to $22 million or $0.17 per share.
Earnings benefitted from a 31% jump in operating revenues to $2.48 billion. During the quarter, the company repaid $52 million in debt, bringing total debt payments to $385 million for 2022.
Check this space to read management/analysts’ comments on quarterly reports
“Despite many challenges during the year, we ran one of the best operations, signed five new labor deals, and executed the majority of our single fleet transition. The results we posted today signal how well our teams are navigating this recovery. I want to thank our employees for their commitment to our success, and for the work they do every day to take great care of our guests.,” 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
AVGO Earnings: Broadcom Q4 profit beats estimates; revenue up 4%
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
Costco’s (COST) stock hits a record high ahead of earnings. Here’s what to look for
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Dollar General (DG) faces challenges from inventory shrink in Q3
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although