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Alaska Air Group Inc Stock Research

ALK

41.96USD+0.98(+2.39%)Market Closed

Market Summary

USD41.96+0.98
Market Closed
2.39%

ALK Alerts

ALK Stock Price

ALK RSI Chart

ALK Valuation

Market Cap

5.4B

Price/Earnings (Trailing)

92.26

Price/Sales (Trailing)

0.55

EV/EBITDA

8.33

Price/Free Cashflow

-21.15

ALK Price/Sales (Trailing)

ALK Profitability

EBT Margin

0.82%

Return on Equity

1.52%

Return on Assets

0.41%

Free Cashflow Yield

-4.73%

ALK Fundamentals

ALK Revenue

Revenue (TTM)

9.6B

Revenue Y/Y

30.54%

Revenue Q/Q

-12.34%

ALK Earnings

Earnings (TTM)

58.0M

Earnings Y/Y

22.22%

Earnings Q/Q

-45%

Price Action

52 Week Range

37.2061.55
(Low)(High)

Last 7 days

10.0%

Last 30 days

-13.0%

Last 90 days

-2.3%

Trailing 12 Months

-27.7%

ALK Financial Health

Current Ratio

0.68

Debt/Equity

0.61

Debt/Cashflow

0.55

ALK Investor Care

Shares Dilution (1Y)

1.29%

Diluted EPS (TTM)

0.45

Peers (Alternatives to Alaska Air Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
59.5B
94.1B
11.82% -0.75%
17.84
0.63
5.07% -32.20%
24.5B
50.6B
-9.32% -11.75%
298.7
0.53
69.18% 370.71%
19.3B
23.8B
-2.78% -28.20%
20.18
0.81
50.82% -2.15%
14.5B
45.0B
-15.54% -4.55%
19.63
0.32
82.49% 137.53%
9.6B
49.0B
-7.99% -19.18%
75.57
0.2
63.88% 106.37%
MID-CAP
5.4B
9.6B
-12.98% -27.67%
92.26
0.55
56.19% -87.87%
2.9B
4.5B
0.24% 22.01%
8.22
0.64
12.86% -27.86%
2.4B
9.2B
-11.76% -51.30%
-6.58
0.26
51.67% -98.90%
SMALL-CAP
1.9B
5.1B
-4.04% -20.21%
-3.38
0.37
56.88% -17.26%
1.7B
2.3B
-10.85% -43.36%
664.63
0.72
34.77% -98.36%
1.5B
2.0B
-0.95% -37.73%
7.59
0.74
17.94% -14.19%
1.1B
3.0B
14.99% -23.15%
15.37
0.37
10.74% -34.81%
471.3M
2.6B
-16.35% -53.50%
-1.96
0.18
65.43% -65.83%
86.2M
530.4M
-24.52% -46.14%
-0.49
0.16
5.88% -1403.68%
70.7M
224.4M
-1.03% 10.11%
-28.11
0.32
30.18% -139.59%

Financials for Alaska Air Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue6.4%9,6469,0668,1917,0606,176
Operating Expenses6.6%9,5768,9807,9096,4165,491
  S&GA Expenses10.1%295268235198173
EBITDA3.3%6025837601,089-
EBITDA Margin-2.9%0.06*0.06*0.09*0.16*-
Earnings Before Taxes8.2%79.0073.00253596629
EBT Margin1.7%0.01*0.01*0.03*0.09*-
Interest Expenses8.0%108100102113128
Net Income7.4%58.0054.00208466478
Net Income Margin1.0%0.01*0.01*0.03*0.07*-
Free Cahsflow-151.7%-253489436597-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.4%14,18614,53114,80014,21013,951
  Current Assets-20.2%3,0403,8104,2323,9743,920
    Cash Equivalents-50.9%338688778628470
  Inventory10.6%10494.0093.0078.0062.00
  Net PPE9.1%7,2576,6546,4716,2426,138
  Goodwill-0.1%2,0382,0402,0412,0422,044
  Current Liabilities-4.6%4,4934,7094,9024,5703,991
    LT Debt, Current17.1%342292366--
    LT Debt, Non Current-0.3%1,8831,8891,9612,0782,173
Shareholder's Equity-0.3%3,8163,8263,7993,6373,801
  Retained Earnings0.5%4,3004,2784,2384,0994,242
  Additional Paid-In Capital5.1%577549542503494
Accumulated Depreciation2.0%4,1274,0463,9223,8143,862
Shares Outstanding0.6%128127127126126
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-7.8%1,4181,5381,2581,1501,030
  Share Based Compensation-14.3%42.0049.0047.0044.0051.00
Cashflow From Investing-27.8%-1,218-953-659-426-1,008
Cashflow From Financing15.6%-325-385-839-1,164-914
  Dividend PaymentsNaN%0.000.00---
  Buy BacksNaN%0.000.00---

Risks for ALK

What is the probability of a big loss on ALK?

83.8%


Probability that Alaska Air Group stock will be more than 20% underwater in next one year

52.7%


Probability that Alaska Air Group stock will be more than 30% underwater in next one year.

19.6%


Probability that Alaska Air Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ALK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Alaska Air Group was unfortunately bought at previous high price.

Drawdowns

Returns for ALK

Cumulative Returns on ALK

4.7%


10-Year Cumulative Returns

-8.2%


7-Year Cumulative Returns

-6.7%


5-Year Cumulative Returns

13.8%


3-Year Cumulative Returns

What are the long-term rolling returns for ALK?

FIve years rolling returns for Alaska Air Group.

Annualized Returns

Which funds bought or sold ALK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-24
Freemont Management S.A.
unchanged
-
355,772
4,027,770
0.63%
2023-03-23
ETF MANAGERS GROUP, LLC
sold off
-100
-561,000
-
-%
2023-03-23
MetLife Investment Management, LLC
reduced
-1.56
104,729
1,419,420
0.01%
2023-03-17
American Portfolios Advisors
added
46.15
19,864
66,213
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
7.53
45,422,300
298,678,000
0.33%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-6.93
19,000
895,000
-%
2023-02-28
Voya Investment Management LLC
added
5.04
255,771
1,939,770
-%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-5.11
7,825
197,825
-%
2023-02-24
Garde Capital, Inc.
added
3.08
135,000
1,172,000
0.14%
2023-02-24
NATIXIS
sold off
-100
-1,398,000
-
-%

1–10 of 45

Latest Funds Activity

Are funds buying ALK calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ALK
No. of Funds

Alaska Air Group News

Best Stocks

Alaska Air Group Keeps Soaring Higher with Impressive Earnings ....

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13 hours ago

Zacks Investment Research

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Schedule 13G FIlings of Alaska Air Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.49%
14,571,902
SC 13G/A
Feb 06, 2023
blackrock inc.
5.7%
7,283,093
SC 13G/A
Feb 02, 2023
victory capital management inc
-
6,955,712
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
0.5%
661,327
SC 13G/A
Feb 09, 2022
vanguard group inc
11.05%
13,848,376
SC 13G/A
Feb 07, 2022
blackrock inc.
6.2%
7,824,195
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
7.4%
9,163,490
SC 13G/A
Feb 10, 2021
vanguard group inc
10.22%
12,641,851
SC 13G/A
Jan 29, 2021
blackrock inc.
7.5%
9,247,416
SC 13G/A
Feb 14, 2020
price t rowe associates inc /md/
7.1%
8,856,905
SC 13G/A

ALK Fair Value

Alaska Air Group fair value in different scenarios

The table shows the Fair Value estimates for Alaska Air Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

43.85

4.50%

54.17

29.10%

100.90

140.47%

135.06

221.88%

165.47

294.35%
Current Inflation

40.86

-2.62%

49.89

18.90%

90.22

115.01%

119.19

184.06%

144.88

245.28%
Very High Inflation

37.09

-11.61%

44.59

6.27%

77.46

84.60%

100.53

139.59%

120.89

188.11%

Historical Alaska Air Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Alaska Air Group

View All Filings
Date Filed Form Type Document
Mar 31, 2023
ARS
ARS
Mar 24, 2023
DEF 14A
DEF 14A
Mar 24, 2023
DEFA14A
DEFA14A
Mar 14, 2023
8-K
Current Report
Mar 13, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading

Latest Insider Trading transactions for ALK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-09
THOMPSON J KENNETH
gifted
-
-
-2,500
-
2023-03-09
THOMPSON J KENNETH
sold
-170,017
48.5762
-3,500
-
2023-03-06
HALVERSON EMILY
acquired
-
-
264
vp fin and controller
2023-03-06
HALVERSON EMILY
sold (taxes)
-3,113
47.9
-65.00
vp fin and controller
2023-02-25
HALVERSON EMILY
sold (taxes)
-4,635
47.3
-98.00
vp fin and controller
2023-02-25
HALVERSON EMILY
acquired
-
-
400
vp fin and controller
2023-02-13
HARRISON ANDREW R
acquired
-
-
5,255
evp and cco
2023-02-13
TACKETT SHANE R
acquired
-
-
5,255
evp and cfo
2023-02-13
SPRAGUE JOSEPH A
sold (taxes)
-5,166
50.16
-103
president, horizon air
2023-02-13
SPRAGUE JOSEPH A
acquired
-
-
420
president, horizon air

1–10 of 50

Benito Minicucci
22800
Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

ALK Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax$ 2,828$ 1,953$ 7,167$ 4,277
Operating Expenses    
Wages and benefits6865781,9311,581
Variable incentive pay4842140109
PSPGrantRecognized000(914)
Aircraft fuel, including hedging gains and losses8773762,000853
Aircraft maintenance9289331272
Aircraft rent7664222188
Landing fees and other rentals161141435414
Contracted services8362243167
Selling expenses8249218123
Depreciation and amortization10499310294
Food and beverage service523914397
Third-party regional carrier expense5339145106
Other207126536348
Special items - Impairment charges and other155(9)3765
Special items - labor ratification bonus900900
Restructuring Charges000(12)
Operating Expenses2,7661,6957,1203,631
Costs and Expenses, Total2,7661,6957,1203,631
Operating Income (Loss)6225847646
Nonoperating Income (Expense)    
Interest income1763519
Interest expense(31)(30)(84)(101)
Interest capitalized3389
Other—net1483827
Nonoperating Income (Expense) Total3(13)(3)(46)
Income (Loss) Before Income Tax6524544600
Income tax (benefit) expense25518140
Net Income (Loss)$ 40$ 194$ 36$ 460
Basic Earnings Per Share (usd per share)$ 0.32$ 1.55$ 0.28$ 3.69
Diluted Earnings Per Share (usd per share)$ 0.31$ 1.53$ 0.28$ 3.64
Shares used for computation:    
Basic shares (shares)126,783,000125,250,000126,440,000124,846,000
Diluted shares (shares)128,370,000127,188,000128,087,000.000126,325,000
Passenger [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax$ 2,615$ 1,774$ 6,544$ 3,785
Mileage plan other revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax146120433332
Cargo and Freight [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax6759190160
Passenger Revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax2,6151,7746,5443,785
Passenger Revenue [Member] | Passenger [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax2,6151,7746,5443,785
Mileage Plan Revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax3823101,104760
Mileage Plan Revenue [Member] | Mileage plan other revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax146120433332
Cargo and Other Revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax6759190160
Cargo and Other Revenue [Member] | Cargo and Freight [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax$ 67$ 59$ 190$ 160

ALK Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets  
Cash and cash equivalents$ 688$ 470
Marketable securities2,4622,646
Total cash and marketable securities3,1503,116
Receivables - net345546
Inventories and supplies - net9462
Prepaid expenses, assets held-for-sale, and other current assets221196
Total Current Assets3,8103,920
Property and Equipment  
Aircraft and other flight equipment8,8118,127
Other property and equipment1,5891,489
Deposits for future flight equipment300384
Property and Equipment Total10,70010,000
Less accumulated depreciation and amortization4,0463,862
Total Property and Equipment - Net6,6546,138
Operating Lease, Right-of-Use Asset1,6051,453
Goodwill2,0402,044
Other noncurrent assets422396
Other Assets4,0673,893
Total Assets14,53113,951
Current Liabilities  
Accounts payable202200
Accrued wages, vacation and payroll taxes583457
Other accrued liabilities805625
Operating Lease, Liability, Current263268
Current portion of long-term debt321366
Total Current Liabilities4,7093,991
Long-Term Debt, Net of Current Portion1,8892,173
Noncurrent Liabilities  
Operating Lease, Liability, Noncurrent1,4821,279
Deferred Income Tax Liabilities, Net571578
Deferred revenue, noncurrent1,4131,446
Obligation for pension and postretirement medical benefits296305
Other liabilities345378
Other Liabilities and Credits Totals4,1073,986
Commitments and Contingencies
Shareholders' Equity  
Preferred stock, $0.01 par value, Authorized: 5,000,000 shares, none issued or outstanding00
Common stock, $0.01 par value, Authorized: 400,000,000 shares, Issued: 2021 - 133,792,045 shares; 2020 - 133,567,534 shares, Outstanding: 2021 - 124,442,101 shares; 2020 - 124,217,590 shares11
Capital in excess of par value549494
Treasury stock (common), at cost: 2020 - 9,349,944 shares; 2020 - 9,349,944 shares(674)(674)
Accumulated other comprehensive loss(328)(262)
Retained earnings4,2784,242
Total Shareholders' Equity3,8263,801
Total Liabilities and Shareholders' Equity14,53113,951
Mileage Plan Revenue [Member]  
Current Liabilities  
Contract with Customer, Liability, Current1,068912
Contract with Customer, Liability, Current1,068912
Passenger Revenue [Member]  
Current Liabilities  
Contract with Customer, Liability, Current1,4671,163
Contract with Customer, Liability, Current$ 1,467$ 1,163