Alaska Airlines Reports Mixed Q2 Results And Cautious Q3 Outlook, Enhances Premium Services
Portfolio Pulse from Akanksha Bakshi
Alaska Airlines (NYSE: ALK) reported mixed Q2 2024 results with revenue growth of 2% YoY to $2.897 billion, missing the consensus of $2.945 billion. Adjusted EPS was $2.55, beating the consensus of $2.39 but down from $3.00 a year ago. The company provided cautious Q3 guidance with expected EPS of $1.40-$1.60 versus $2.05 consensus. ALK shares are trading lower by 1.80% premarket.
July 18, 2024 | 12:32 pm
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Alaska Airlines reported mixed Q2 results with revenue growth of 2% YoY to $2.897 billion, missing estimates. Adjusted EPS beat expectations at $2.55 but was down from $3.00 a year ago. The company provided cautious Q3 guidance, leading to a 1.80% drop in premarket trading.
The mixed Q2 results, with revenue missing estimates and EPS beating expectations, combined with cautious Q3 guidance, have led to a negative market reaction. The stock is down 1.80% premarket, indicating investor concern over future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100