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Alaska Air (ALK)

Alaska Air Group is an airline holding company based in SeaTac, Washington, United States. The group owns two certificated airlines, Alaska Airlines, a mainline carrier, and Horizon Air, a regional carrier. Alaska Airlines and its regional partners serve more than 115 destinations across the United States and North America. The airline provides essential air service for our guests along with moving crucial cargo shipments, while emphasizing Next-Level Care. Alaska is known for low fares, award-winning customer service and sustainability efforts. Guests can earn and redeem miles on flights to more than 800 destinations worldwide with Alaska and its Global Partners. On March 31, 2021, Alaska will officially become a member of the oneworld global alliance.

Company profile

Ticker
ALK
Exchange
CEO
Bradley Tilden
Employees
Incorporated
Location
Fiscal year end
Former names
ALASKA AIR GROUP INC
SEC CIK
Subsidiaries
Alaska Airlines, Inc. • Horizon Air Industries, Inc. • McGee Air Services, Inc. • ASA Assurance, Inc. • AAG Leasing, Inc. ...
IRS number
911292054

ALK stock data

Calendar

2 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 802M 802M 802M 802M 802M 802M
Cash burn (monthly) (no burn) 20M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 28.64M n/a n/a n/a n/a
Cash remaining n/a 773.36M n/a n/a n/a n/a
Runway (months of cash) n/a 38.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 22 Andrew R Harrison COMMON STOCK Sell Dispose S No No 44.1275 2,267 100.04K 14,152
9 Jun 22 Tackett Shane R COMMON STOCK Sell Dispose S No No 46.97 2,000 93.94K 9,966
3 Jun 22 Schneider Andrea L COMMON STOCK Payment of exercise Dispose F No No 48.88 154 7.53K 15,001
3 Jun 22 Schneider Andrea L COMMON STOCK Option exercise Acquire M No No 0 700 0 15,155
3 Jun 22 Schneider Andrea L RSU COMMON STOCK Option exercise Dispose M No No 0 700 0 0
5 May 22 Bedient Patricia M COMMON STOCK Grant Acquire A No No 0 2,346 0 53,687
5 May 22 Fonseca Dhiren R. COMMON STOCK Grant Acquire A No No 0 2,346 0 12,447
30 Apr 22 Tackett Shane R COMMON STOCK Grant Acquire A No No 46.2315 110 5.09K 11,966
35.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 534 528 +1.1%
Opened positions 79 90 -12.2%
Closed positions 73 86 -15.1%
Increased positions 203 175 +16.0%
Reduced positions 153 176 -13.1%
13F shares Current Prev Q Change
Total value 5.64B 4.91B +14.8%
Total shares 94.26M 91.25M +3.3%
Total puts 2.32M 1.49M +55.3%
Total calls 2.02M 2.15M -6.1%
Total put/call ratio 1.1 0.7 +65.3%
Largest owners Shares Value Change
Vanguard 13.95M $809.24M +0.7%
BLK Blackrock 7.13M $413.54M -8.9%
Victory Capital Management 6.34M $367.86M +9.3%
Primecap Management 4.61M $267.19M -3.5%
STT State Street 4.31M $250.19M -0.5%
Boston Partners 3.08M $178.72M +2.6%
Geode Capital Management 2.39M $138.67M +1.0%
IVZ Invesco 2.28M $132.21M -0.5%
FMR 2.04M $118.13M +188.0%
Citadel Advisors 1.82M $105.64M -12.0%
Largest transactions Shares Bought/sold Change
Millennium Management 581.68K -1.61M -73.5%
FMR 2.04M +1.33M +188.0%
Clearbridge Advisors 1.08M +1.08M NEW
Brandywine Global Investment Management 829.96K +791.3K +2047.1%
BLK Blackrock 7.13M -695.35K -8.9%
D. E. Shaw & Co. 207.14K -548.32K -72.6%
Victory Capital Management 6.34M +539.58K +9.3%
Norges Bank 0 -496.76K EXIT
1832 Asset Management 443.13K +443.13K NEW
Deroy & Devereaux Private Investment Counsel 455.08K +440.68K +3061.3%

Financial report summary

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Risks
  • Mandatory vaccination programs could have a material adverse impact on the Company's operations and financial results.
  • Our reputation and financial results could be harmed in the event of an airline accident or incident.
  • Our operations are often affected by factors beyond our control, including delays, cancellations and other conditions, which could harm our business, financial condition and results of operations.
  • We rely on vendors for certain critical activities and sourcing, which could expose us to disruptions in our operation or unexpected cost increases.
  • Impacts of climate change, including legal, regulatory or market responses, may have a material adverse result on our operations and/or financial position.
  • Changes in government regulation imposing additional requirements and restrictions on our operations could increase our operating costs and result in service delays and disruptions.
  • The airline industry continues to face potential security concerns and related costs.
  • The airline industry is highly competitive and susceptible to price discounting and changes in capacity, which could have a material adverse effect on our business. If we cannot successfully compete in the marketplace, our business, financial condition, and operating results will be materially adversely affected.
  • The airline industry may undergo further restructuring, consolidation, or the creation or modification of alliances or joint ventures, any of which could have a material adverse effect on our business, financial condition and results of operations.
  • Our concentration in certain markets could cause us to be disproportionately impacted by adverse changes in circumstances in those locations.
  • We are dependent on a limited number of suppliers for aircraft and parts.
  • We rely on partner airlines for codeshare and frequent flyer marketing arrangements.
  • Economic uncertainty, or another recession, would likely impact demand for our product and could harm our financial condition and results of operations.
  • Failure to appropriately comply with evolving and expanding information security rules and regulations or to safeguard our employee or guest data could result in damage to our reputation and cause us to incur substantial legal and regulatory cost.
  • Cyber security threats have and will continue to impact our business. Failure to appropriately mitigate these risks could negatively impact our operations, onboard safety, reputation and financial condition.
  • Our business, financial condition and results of operations are substantially exposed to the volatility of jet fuel prices. Significant increases in jet fuel costs would harm our business.
  • We have a significant amount of debt and fixed obligations, and have incurred substantial incremental debt in response to the COVID-19 pandemic. These obligations could lead to liquidity restraints and have a material adverse effect on our financial position.
  • Our maintenance costs will increase as our fleet ages, and we will periodically incur substantial maintenance costs due to the timing of maintenance events of our aircraft.
  • The application of the acquisition method of accounting resulted in us recording goodwill, which could result in significant future impairment charges and negatively affect our financial results.
  • As we evolve our brand we will engage in strategic initiatives that may not be favorably received by all of our guests.`
  • The Company's brand and reputation could be harmed if it is exposed to significant negative publicity distributed through social media.
  • A significant increase in labor costs, unsuccessful attempts to strengthen our relationships with union employees or loss of key personnel could adversely affect our business and results of operations.
  • The inability to attract, retain and train qualified personnel, or maintain our culture, could result in guest impacts and adversely affect our business and results of operations.
  • Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for most legal actions involving actions brought against us by stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other employees.
Management Discussion
  • Our consolidated net income for 2021 was $478 million, or $3.77 per diluted share, compared to a net loss of $1.3 billion, or $10.72 per share, in 2020.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. freshman Avg
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