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CNBC's Phil LeBeau with Alaska Air CEO Ben Minicucci, joins 'The Exchange' to discuss earnings, travel demand and revenue.
Southwest Airlines Co (NYSE:LUV), American Airlines Group Inc (NASDAQ:AAL, ETR:A1G) and Alaska Air Group (NYSE:ALK) have joined other major US airline carriers in pulling their 2025 profit outlook amid economic uncertainty and weaker-than-expected travel demand. Handing down its first quarter earnings on Wednesday evening, Southwest noted difficulties in forecasting due to “short-lived booking trends.
Alaska Air Group's Q1 2025 revenue surged 40.5% due to the Hawaiian Holdings merger, but earnings per share fell short of expectations, causing an 8.1% after-hours stock drop. Despite revenue growth, profitability worsened due to increased operating costs and integration expenses, leading to a larger loss per share compared to the previous year. Management withdrew 2025 guidance due to economic uncertainties but remains optimistic about achieving $400 million in cost synergies from the merger.
U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Thursday.
The headline numbers for Alaska Air (ALK) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Alaska Air Group (ALK) came out with a quarterly loss of $0.77 per share versus the Zacks Consensus Estimate of a loss of $0.72. This compares to loss of $0.92 per share a year ago.
Led the industry in domestic unit revenue performance Ratified two agreements with Alaska and Hawaiian flight attendants represented by AFA Generated operating cash flow of $459 million Repurchased $149 million in shares year-to-date1 SEATTLE , April 23, 2025 /PRNewswire/ -- Alaska Air Group (NYSE: ALK) today reported financial results for the first quarter ending March 31, 2025. Our team is executing well on integration milestones, cost performance, synergy capture and the initiatives that underpin the Alaska Accelerate plan.
The outlook came as the airline posted a wider loss and lower-than-expected revenue in the first quarter. Shares fell after-hours.
Alaska Airlines warned on weaker demand, pressuring airfares.