ALK, DINO and IRWD have been added to the Zacks Rank #5 (Strong Sell) List on July 23, 2024.
Airline stocks are always in focus as summer travel season picks up, even more so with earnings season in high gear.
Alaska Air Group, Inc. (NYSE:ALK ) Q2 2024 Earnings Conference Call June 18, 2024 11:30 AM ET Company Participants Ryan St. John - Vice President, Finance, Planning and IR Ben Minicucci - President and CEO Andrew Harrison - Chief Revenue Officer and CCO Shane Tackett - Chief Financial Officer Conference Call Participants Jamie Baker - JPMorgan Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Andrew Didora - BofA Global Research Dan McKenzie - Seaport Global Ravi Shanker - Morgan Stanley Conor Cunningham - Melius Research Mike Linenberg - Deutsche Bank Savi Syth - Raymond James Tom Fitzgerald - Cowen & Company Stephen Trent - Citigroup Chris Stathoulopoulos - Susquehanna Financial Group Operator Good morning, ladies and gentlemen. And welcome to the Alaska Air Group 2024 Second Quarter Earnings Call.
Alaska Air's (ALK) second-quarter 2024 revenues benefit from contributions from passenger revenues.
The headline numbers for Alaska Air (ALK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Alaska Air Group (ALK) came out with quarterly earnings of $2.55 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $3 per share a year ago.
Alaska Air Group forecast third-quarter profit below estimates on Wednesday, citing a financial hit from its new flight attendant contract deal, while it topped market expectations for second-quarter earnings.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Alaska Air (ALK) second-quarter 2024 revenues are likely to have benefited from the upbeat air-travel demand. Expenses related to fuel prices remain a concern.
In the latest trading session, Alaska Air Group (ALK) closed at $38.17, marking a -0.42% move from the previous day.
The newest routes from Los Angeles to La Paz and Monterrey are likely to help Alaska Air (ALK) witness a surge in passenger numbers.
Alaska Airlines and its flight attendants have reached a tentative agreement on a groundbreaking three-year contract deal that likely sets a path for deals at other larger airlines including American and United.