Alaska Air Group Inc (NYSE:ALK)
$ 43.76 -0.1 (-0.23%) Market Cap: 5.55 Bil Enterprise Value: 7.10 Bil PE Ratio: 23.40 PB Ratio: 1.38 GF Score: 86/100
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Q1 2024 Alaska Air Group Inc Earnings Call Transcript

Apr 18, 2024 / 03:30PM GMT
Release Date Price: $44.44 (+4.03%)
Operator

Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2024 First Quarter Earnings Call. (Operator Instructions) Today's call is being recorded and will be accessible for future playback at alaskaair.com. (Operator Instructions) I would now like to turn the call over to Alaska Air Group's Vice President of Finance, Planning and Investor Relations, Ryan St. John.

Ryan St. John

Thank you, operator, and good morning. Thank you for joining us for our first quarter 2024 earnings call. This morning, we issued our earnings release along with several accompanying slides detailing our results, which are available at investor.alaskaair.com. On today's call, you'll hear updates from Ben, Andrew and Shane. Several others of our management team are also on the line to answer your questions during the Q&A portion of the call.

This morning, Air Group reported a first quarter GAAP net loss of $132 million. Excluding special items and mark-to-market fuel hedge adjustments, Air Group reported an adjusted net loss of $116 million. As a reminder, our

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