(RTTNews) – Alaska Air Group, Inc. (ALK) reported that its internet revenue for the fourth quarter of 2024 was $71 million or $0.55 per share, in comparison with internet lack of $2 million, or $0.02 per share final yr.
The corporate expects adjusted loss per share to be $0.50 to $0.70 for the first-quarter of 2025. The corporate tasks adjusted earnings per share to be higher than $5.75 for fiscal yr 2025.
In the meantime the corporate reported that internet revenue, excluding particular gadgets and different changes, for the fourth quarter of 2024 was $125 million or $0.97 per share, in comparison with $38 million or $0.30 per share within the prior yr.
“This was a transformational yr as we introduced Hawaiian Airways into Alaska Air Group and commenced our journey to unlock $1 billion in incremental pretax revenue over the subsequent three years,” stated CEO Ben Minicucci.
Complete working income for the quarter grew to $3.53 billion from $2.55 billion within the prior yr.
The corporate licensed a brand new $1 billion greenback share repurchase plan to be executed over the subsequent 4 years, with repurchases starting in January 2025.
The corporate famous that Alaska and Horizon staff earned $325 million of incentive pay in 2024 by attaining profitability, security, sustainability, and operational targets. The payout represents roughly six weeks of pay for many staff.
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