Alaska Air Group has reported a fourth quarter 2024 net profit of $71 million or $0.55 peer share on a 38 percent year-over-year increase in revenue to $3.5 billion.

On Wednesday (January 22, 2025), Alaska Air Group reported their fourth quarter and full year financial results for the period ending December 31, 2024. The Group reported a fourth quarter net profit of $71 million or $0.55 per share on a year-over-year increase in revenue of 38 percent to $3.5 billion, a revenue increase primarily attributable to the acquisition of Hawaiian Airlines. Alaska Air Group’s Q4 and FY2024 results include Hawaiian Airlines as of September 18, 2024, while prior comparable results exclude any Hawaiian results. The carrier’s Q4 revenue per available seat mile (RASM) increased 4.0 percent versus Q4 2024 to 15.54 cents, while cost per available seat mile excluding fuel (CASM-ex) increased 12 percent to 11.57 cents. At the close of the period, Alaska Air Group had cash, cash equivalents, restricted cash and marketable securities totaling $2.5 billion.
In Wednesday’s announcement, Alaska Air Group’s President & CEO, Ben Minicucci, said,
“This was a transformational year as we brought Hawaiian Airlines into Alaska Air Group and began our journey to unlock $1 billion in incremental pretax profit over the next three years. We’re proud that our incentive plan will reward Alaska Airlines and Horizon Air employees with nearly six weeks of pay, which we believe will lead the industry. Looking forward, our vision is clear and we’re focused on executing our strategic plan – leveraging the strengths of our combined network, enhancing the end-to-end travel experience for our guests, and delivering value for everyone who depends on us.”
Also commenting on the company’s Q4 and FY2024 results, Alaska Air Group’s Chief Commercial Officer, Andrew Harrison, added,
“Our success this year and our optimistic look ahead is built upon a proven strategy that puts the guest at the center of everything we do and unlocks new opportunities across our business. We’re poised to capitalize on the strength of a combined global network, a powerful loyalty program, two beloved brands, and a remarkable travel experience that meets guests’ needs at every phase of the travel journey.”

For the full year 2024, Alaska Air Group reported a net profit of $395 million or $3.08 per share on a year-over-year increase in revenue of 13 percent to $11.7 billion. Air Group's full-year revenue per available seat mile (RASM) increased 1.0 percent compared to FY2023 to 15.41 cents, while cost per available seat mile excluding fuel (CASM-ex) increased 7.0 percent to 10.80 cents.
Alaska Air Group (NYSE: ALK) is the parent company of Alaska Airlines, Horizon Air and Hawaiian Airlines. Alaska Airlines and their regional partners serve over 120 destinations in the United States, Mexico, Canada, Costa Rica and Belize. The sustainability-focused carrier emphasizes Next-Level Care for guests, while offering low fares and award-winning service. 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.
Hawaiian® Airlines, Hawai’i’s hometown airline, has been in business for 95 years and is Hawaiʻi’s largest and longest-serving airline. Hawaiian Airlines offers approximately 150 daily flights within the Hawaiian Islands and daily nonstop service to 16 U.S. mainland gateways. Additionally, the carrier connects Honolulu with American Samoa, Japan, Australia, New Zealand, South Korea, Tahiti, and the Cook Islands.
Source: Alaska Air Group