ALASKA AIR GROUP, INC. ALK Income Statement

Alaska air group, inc. (ALK)

Income statement / Quarterly

Mar'20	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Operating Revenues
Passenger, Mainline
-	-	-	-	-	-	-	-	-	-	-	-	-	1,073,000	1,036,000	927,000	962,000	1,057,000	1,019,000	901,000	916,000	1,030,000	974,000	854,000	838,000	960,000	896,000	796,000	793,000	905,000	863,000	723,000	682,800	835,600	774,200	702,400	526,500	779,200	702,300	587,000	-	-
Passenger, Regional
-	-	-	-	-	-	-	-	-	-	-	-	-	249,000	227,000	206,000	216,000	240,000	212,000	186,000	200,000	219,000	200,000	186,000	195,000	208,000	192,000	182,000	187,000	198,000	188,000	173,000	161,400	196,100	179,000	176,500	124,000	198,100	183,500	165,400	-	-
Othernet
-	-	-	-	-	-	-	-	-	-	-	-	-	213,000	204,000	190,000	174,000	188,000	176,000	159,000	164,000	184,000	169,000	158,000	152,000	165,000	138,000	129,000	126,000	139,000	132,000	119,000	175,200	136,500	127,900	61,400	282,200	61,300	62,300	54,200	54,900	61,500
Special Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Revenues
1,636,000	2,389,000	2,288,000	1,876,000	2,064,000	2,212,000	2,156,000	1,832,000	1,942,000	2,110,000	2,102,000	1,740,000	1,518,000	1,566,000	1,494,000	1,347,000	1,377,000	1,515,000	1,437,000	1,269,000	1,306,000	1,465,000	1,375,000	1,222,000	1,210,000	1,557,000	1,256,000	1,133,000	1,132,000	1,272,000	1,214,000	1,039,000	1,044,500	1,198,100	1,110,200	965,200	958,200	1,068,000	976,200	829,600	967,400	843,900
Costs and Expenses, Total
1,957,000	-	-	1,851,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wages and benefits
612,000	608,000	567,000	557,000	561,000	549,000	544,000	536,000	534,000	477,000	470,000	450,000	386,000	340,000	332,000	336,000	331,000	312,000	305,000	306,000	304,000	279,000	281,000	272,000	279,000	285,000	258,000	264,000	267,000	255,000	259,000	257,000	253,800	245,100	242,800	249,300	241,900	240,200	239,600	239,300	246,200	247,100
Variable incentive pay
7,000	46,000	44,000	35,000	43,000	27,000	38,000	39,000	37,000	40,000	27,000	31,000	32,000	31,000	32,000	32,000	30,000	32,000	32,000	26,000	32,000	30,000	29,000	25,000	37,000	26,000	21,000	21,000	26,000	24,000	22,000	16,000	18,600	19,100	17,900	16,400	29,500	23,000	21,600	17,900	24,000	18,900
Aircraft fuel, including hedging gains and losses
384,000	486,000	502,000	420,000	539,000	513,000	475,000	409,000	396,000	368,000	344,000	339,000	238,000	225,000	201,000	167,000	213,000	245,000	261,000	235,000	306,000	394,000	360,000	358,000	351,000	363,000	372,000	381,000	370,000	337,000	433,000	319,000	285,900	420,100	397,500	194,500	217,800	220,900	255,000	207,300	199,500	128,400
Aircraft maintenance
115,000	106,000	115,000	120,000	115,000	107,000	106,000	107,000	120,000	88,000	96,000	87,000	73,000	64,000	65,000	68,000	71,000	67,000	52,000	63,000	63,000	58,000	57,000	51,000	60,000	54,000	67,000	66,000	62,000	56,000	54,000	50,000	53,700	49,900	49,100	53,300	50,900	55,300	53,800	57,000	49,700	59,600
Aircraft rent
81,000	82,000	82,000	83,000	82,000	82,000	77,000	74,000	70,000	70,000	69,000	65,000	34,000	25,000	26,000	29,000	27,000	26,000	26,000	26,000	26,000	27,000	29,000	28,000	30,000	29,000	30,000	30,000	30,000	29,000	29,000	28,000	27,700	28,800	29,000	30,500	32,700	33,900	35,400	37,000	38,300	39,100
Landing fees and other rentals
131,000	143,000	113,000	132,000	128,000	135,000	110,000	126,000	122,000	124,000	99,000	115,000	88,000	89,000	63,000	80,000	79,000	80,000	66,000	71,000	72,000	74,000	64,000	69,000	56,000	71,000	75,000	60,000	60,000	61,000	60,000	62,000	58,200	62,000	59,900	57,900	59,400	59,800	57,900	55,900	57,300	54,400
Contracted services
72,000	72,000	70,000	72,000	79,000	70,000	76,000	81,000	80,000	76,000	77,000	81,000	64,000	63,000	60,000	60,000	57,000	54,000	51,000	52,000	8,000	66,000	62,000	60,000	15,000	54,000	54,000	53,000	52,000	50,000	50,000	48,000	48,800	46,100	46,600	43,500	41,600	40,700	41,100	39,600	38,800	36,800
Selling expenses
55,000	77,000	87,000	72,000	81,000	79,000	88,000	78,000	91,000	92,000	102,000	83,000	86,000	58,000	55,000	49,000	51,000	53,000	54,000	53,000	45,000	55,000	53,000	46,000	43,000	47,000	51,000	38,000	37,000	46,000	44,000	41,000	42,000	47,400	45,800	39,800	37,900	44,300	38,200	33,600	37,000	35,300
Depreciation and amortization
108,000	106,000	105,000	106,000	108,000	99,000	97,000	94,000	97,000	95,000	90,000	90,000	82,000	101,000	92,000	88,000	84,000	81,000	79,000	76,000	76,000	75,000	73,000	70,000	66,000	67,000	68,000	69,000	68,000	66,000	66,000	64,000	62,800	62,200	61,700	60,300	58,000	57,800	58,000	56,200	55,600	53,900
Food and beverage service
49,000	57,000	53,000	49,000	53,000	53,000	55,000	50,000	50,000	50,000	50,000	45,000	33,000	31,000	31,000	31,000	30,000	30,000	28,000	25,000	25,000	24,000	23,000	21,000	21,000	22,000	21,000	20,000	21,000	20,000	20,000	18,000	17,200	17,600	17,100	15,100	14,800	15,600	14,300	12,300	12,700	12,400
Third-party regional carrier expense
37,000	42,000	42,000	41,000	40,000	38,000	39,000	37,000	37,000	30,000	27,000	27,000	23,000	25,000	24,000	23,000	20,000	20,000	17,000	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
143,000	137,000	136,000	138,000	149,000	141,000	141,000	141,000	141,000	150,000	140,000	131,000	100,000	92,000	81,000	94,000	97,000	82,000	94,000	83,000	79,000	67,000	81,000	81,000	77,000	69,000	65,000	67,000	64,000	59,000	61,000	64,000	61,500	54,600	58,200	60,700	55,200	49,800	48,200	47,800	49,700	50,300
Special items - merger-related costs
3,000	5,000	8,000	26,000	20,000	22,000	39,000	6,000	30,000	23,000	24,000	39,000	81,000	22,000	14,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Special items—other
-	0	0	0	20,000	0	0	25,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fleet transition and restructuring related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	2,000	26,800	10,100	-	9,800	-	0	0	0
Fleet transition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	-	-1,200	5,200
New pilot contract transition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	35,800
Total Operating Expenses
-	1,967,000	1,924,000	-	2,018,000	1,915,000	1,885,000	1,803,000	1,805,000	1,683,000	1,615,000	1,583,000	1,320,000	1,166,000	1,076,000	1,057,000	1,122,000	1,082,000	1,065,000	1,031,000	1,064,000	1,149,000	1,112,000	1,081,000	1,080,000	1,087,000	1,082,000	1,069,000	1,057,000	1,003,000	1,098,000	967,000	930,300	1,054,900	1,052,400	831,400	839,500	851,100	866,500	803,900	807,600	777,200
Operating Income (Loss)
-321,000	422,000	364,000	25,000	46,000	297,000	271,000	29,000	137,000	427,000	487,000	157,000	198,000	400,000	418,000	290,000	255,000	433,000	372,000	238,000	242,000	316,000	263,000	141,000	130,000	470,000	174,000	64,000	75,000	269,000	116,000	72,000	114,200	143,200	57,800	133,800	118,700	216,900	109,700	25,700	159,800	66,700
Nonoperating Income (Expense)
Interest income
9,000	11,000	11,000	9,000	9,000	11,000	10,000	8,000	9,000	9,000	9,000	7,000	7,000	7,000	7,000	6,000	5,000	5,000	6,000	5,000	6,000	5,000	5,000	5,000	5,000	5,000	4,000	4,000	4,000	5,000	5,000	5,000	3,600	4,500	6,300	7,600	6,200	7,600	7,700	7,500	8,300	7,800
Interest expense
-	18,000	20,000	-	20,000	22,000	25,000	24,000	26,000	26,000	26,000	25,000	22,000	11,000	9,000	13,000	10,000	10,000	11,000	11,000	12,000	12,000	12,000	12,000	13,000	13,000	14,000	16,000	15,000	15,000	17,000	17,000	17,900	25,700	20,000	23,400	26,600	29,500	26,300	25,600	25,900	25,100
Interest capitalized
3,000	4,000	3,000	4,000	4,000	5,000	4,000	5,000	4,000	5,000	4,000	4,000	4,000	6,000	7,000	8,000	9,000	9,000	8,000	8,000	6,000	5,000	4,000	5,000	5,000	6,000	5,000	5,000	30,000	-4,000	-3,000	-5,000	17,500	-2,100	-1,600	-1,800	-1,300	-1,400	-1,600	-1,700	-1,400	-1,800
Other—net
5,000	-3,000	-7,000	-10,000	-3,000	-7,000	-1,000	-12,000	2,000	2,000	0	-1,000	15,000	0	-3,000	1,000	0	0	1,000	0	0	2,000	5,000	13,000	-2,000	-5,000	0	2,000	4,000	2,000	2,000	1,000	-5,400	1,200	1,300	900	4,000	1,800	1,300	900	-800	-3,500
Nonoperating Income (Expense) Total
4,000	-6,000	-13,000	-19,000	-10,000	-13,000	-12,000	-23,000	-11,000	-10,000	-13,000	-15,000	4,000	2,000	2,000	2,000	4,000	4,000	4,000	2,000	0	0	2,000	11,000	-5,000	-7,000	-5,000	-5,000	-1,000	-4,000	-7,000	-6,000	-13,200	-17,900	-10,800	-13,100	-15,100	-18,700	-15,700	-15,500	-17,000	-19,000
Income (Loss) Before Income Tax
-317,000	416,000	351,000	6,000	36,000	284,000	259,000	6,000	126,000	417,000	474,000	142,000	202,000	402,000	420,000	292,000	259,000	437,000	376,000	240,000	242,000	316,000	265,000	152,000	125,000	463,000	169,000	59,000	74,000	265,000	109,000	66,000	101,000	125,300	47,000	120,700	103,600	198,200	94,000	10,200	142,800	47,700
Income tax (benefit) expense
-85,000	94,000	89,000	2,000	13,000	67,000	66,000	2,000	-189,000	158,000	181,000	49,000	105,000	146,000	160,000	108,000	68,000	163,000	142,000	91,000	94,000	118,000	100,000	58,000	47,000	174,000	65,000	22,000	30,000	102,000	41,000	25,000	36,500	47,800	18,200	46,500	38,900	75,800	35,400	4,900	55,200	18,600
Net Income (Loss)
-232,000	322,000	262,000	4,000	23,000	217,000	193,000	4,000	315,000	259,000	293,000	93,000	97,000	256,000	260,000	184,000	191,000	274,000	234,000	149,000	148,000	198,000	165,000	94,000	78,000	289,000	104,000	37,000	44,000	163,000	68,000	41,000	64,500	77,500	28,800	74,200	64,700	122,400	58,600	5,300	87,600	29,100
Basic Earnings Per Share (usd per share)
-1.89	2.61	2.12	0.03	0.19	1.76	1.57	0.03	2.57	2.10	2.37	0.75	0.79	2.08	2.11	1.47	1.53	2.15	1.80	1.13	1.11	1.47	1.20	0.69	0.29	2.07	0.75	0.52	-1.59	2.30	0.95	0.57	0.90	1.08	0.40	1.03	-1.70	3.41	1.64	0.15	2.48	0.80
Diluted Earnings Per Share (usd per share)
-1.87	2.60	2.11	0.03	0.18	1.75	1.56	0.03	2.55	2.09	2.36	0.75	0.78	2.07	2.10	1.46	1.51	2.14	1.79	1.12	1.10	1.45	1.19	0.68	0.29	2.04	0.74	0.51	-1.56	2.27	0.93	0.56	0.87	1.06	0.39	1.01	-1.66	3.32	1.60	0.15	2.46	0.79
Shares used for computation:
Basic shares (shares)
122,818	123,280	123,418	123,291	123,273	123,224	123,268	123,155	122,309	123,467	123,573	123,495	123,279	123,149	123,250	124,550	125,828	127,308	129,236	131,120	132,307	134,865	137,274	137,334	209,146	139,559	140,503	70,431	352,513	70,963	70,996	71,192	71,113	71,954	71,965	71,988	179,313	35,898	35,698	35,667	35,275	0
Diluted shares (shares)
124,123	124,067	124,301	123,915	124,370	123,864	124,036	123,630	122,565	124,220	124,332	124,299	124,407	123,833	123,988	125,328	126,798	128,205	130,255	132,230	133,513	136,158	138,711	138,822	212,396	141,383	142,318	71,414	357,530	71,883	72,200	72,659	73,291	73,238	73,473	73,682	184,364	36,830	36,697	36,393	35,681	0
Special items - Impairment charges and other
160,000	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Contract with Customer, Liability
210,000	-	-	328,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Costs Incurred
13,000	-	-	22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividend declared per share
-	-	-	-	-	-	-	-	0.30	0.30	0.30	0.30	0.27	0.27	0.27	0.27	0.20	0.20	0.20	0.20	0.12	0.12	0.12	0.12	0.10	0.10	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Passenger Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
1,481,000	2,211,000	2,111,000	1,716,000	1,908,000	2,043,000	1,997,000	1,684,000	1,796,000	1,958,000	1,945,000	1,602,000	1,674,000	1,322,000	1,263,000	1,133,000	1,178,000	1,297,000	1,231,000	1,087,000	1,116,000	1,249,000	1,174,000	1,040,000	1,033,000	1,168,000	1,088,000	978,000	980,000	1,103,000	1,051,000	896,000	844,200	1,031,700	953,200	878,900	650,500	977,300	885,800	752,400	884,800	757,200
Mileage Plan Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
261,000	304,000	290,000	263,000	265,000	267,000	275,000	246,000	368,000	239,000	252,000	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cargo and Other Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
46,000	60,000	59,000	50,000	51,000	55,000	51,000	41,000	42,000	47,000	48,000	38,000	81,000	31,000	27,000	24,000	25,000	30,000	30,000	23,000	26,000	32,000	32,000	24,000	25,000	32,000	30,000	26,000	26,000	30,000	31,000	24,000	25,100	29,900	29,100	24,900	25,500	29,400	28,100	23,000	27,700	25,200