Alaska Air Group Reports First Quarter 2025 Net Loss of $166 million or $1.35 per Share

Alaska Air Group has reported a first quarter 2025 net loss on $166 million or ($1.35) per share on a year-over-year increase in revenue of 41 percent to $3.1 billion.  The revenue increase reflects the acquisition of Hawaiian Airlines.

Alaska Air Group Reports First Quarter 2025 Financial Results - Courtesy Alaska Air Group

On Wednesday (April 23, 2025), Alaska Air Group reported their first quarter financial results for the period ending March 31, 2025.  The Group reported a net loss of $166 million or ($1.35) per share on a year-over-year increase in revenue of 41 percent to $3.1 billion.  The substantial increase in revenue reflects the company’s acquisition and integration of Hawaiian Airlines.  Alaska’s first quarter revenue per available seat mile (RASM) increased 1.9 percent versus the same period last year to 14.79 cents, while cost per available seat mile excluding fuel (CASM-ex) increased 2.5 percent to 11.89 cents.  At the end of the first quarter, Alaska Air Group held $2.5 billion in unrestricted cash and marketable securities. 

 In Wednesday’s announcement, Alaska Air Group’s CEO, Ben Minicucci, said,

“Alaska is built for times like these with our relentless focus on safety, care and performance.  Amid the economic uncertainty, our teams controlled what they can control and delivered results that strengthen our foundation for the long term.  We’re growing scale, relevance and loyalty in our hubs, we’re already recognizing synergies from the combination with Hawaiian Airlines, and our employees have never been more engaged and excited about our future.  Between the progress on our Alaska Accelerate strategic plan and the resilient business model we’ve built over decades, Alaska is well positioned to thrive in the years ahead.”

Alaska Air Group's First Quarter 2025 Financial Results - Courtesy Alaska Air Group

During the first quarter, the Group expanded their combined fleet by eight aircraft, including four Boeing 737-9 Max jets, one Boeing 787-9 Dreamliner, one Embraer E175, and two Airbus A330-300 Freighters.

Alaska Airlines and their regional partners serve over 140 destinations in the United States, Mexico, Canada, Costa Rica and Belize.  Alaska has hubs in Seattle, San Francisco, Los Angeles, Portland and Anchorage.  The carrier is a member of the oneworld global alliance, and along with their additional partners, Alaska Airlines’ guests can earn and redeem miles on flights to more than 1,000 global destinations on over 20 airlines.  Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of the Alaska Air Group, Inc. (NYSE: ALK).

Source: Alaska Airlines