Alaska Air Group reported Q2 2024 net income of $220 million, or $1.71 per share, compared to $240 million in Q2 2023. Adjusted net income excluding special items was $327 million, or $2.55 per share, with an industry-leading adjusted pretax margin of 15.8%. The company achieved record quarterly revenue and a 99.5% completion rate.The airline demonstrated strong operational performance, receiving six 737-9 aircraft, three 737-8 aircraft, and one E175 aircraft during the quarter. Notable developments include reaching a tentative agreement with mainline flight attendants and certifying substantial compliance with DOJ's second request regarding the Hawaiian Airlines acquisition.Alaska maintained a solid financial position with $2.5 billion in unrestricted cash and marketable securities, while generating $580 million in operating cash flow. The company continued its share repurchase program, buying back 663,177 shares for approximately $28 million in Q2, and maintained a debt-to-capitalization ratio of 45% within its target range.

Alaska Air Group reported Q2 2024 net income of $220 million, or $1.71 per share, compared to $240 million in Q2 2023. Adjusted net income excluding special items was $327 million, or $2.55 per share, with an industry-leading adjusted pretax margin of 15.8%. The company achieved record quarterly revenue and a 99.5% completion rate.The airline demonstrated strong operational performance, receiving six 737-9 aircraft, three 737-8 aircraft, and one E175 aircraft during the quarter. Notable developments include reaching a tentative agreement with mainline flight attendants and certifying substantial compliance with DOJ's second request regarding the Hawaiian Airlines acquisition.Alaska maintained a solid financial position with $2.5 billion in unrestricted cash and marketable securities, while generating $580 million in operating cash flow. The company continued its share repurchase program, buying back 663,177 shares for approximately $28 million in Q2, and maintained a debt-to-capitalization ratio of 45% within its target range.