ALASKA AIR GROUP, INC. ALK Income Statement

Alaska air group, inc. (ALK)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	3,998	3,982	3,965	3,939	3,893	3,866	3,821	3,774	3,696	3,626	3,548	3,490	3,445	3,390	3,357	3,284	3,173	3,104	3,015	2,995	2,838	2,782	2,710	2,595	0	0	0	-	-
Passenger, Regional
-	-	-	-	-	-	-	-	-	-	-	-	-	898	889	874	854	838	817	805	805	800	789	781	777	769	759	755	746	720	718	709	713	675	677	682	671	0	0	0	-	-
Othernet
-	-	-	-	-	-	-	-	-	-	-	-	-	781	756	728	697	687	683	676	675	663	644	613	584	558	532	526	516	565	562	558	501	608	532	467	460	232	232	0	0	0
Special Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Revenues
0	8,617	8,440	8,308	8,264	8,142	8,040	7,986	7,894	7,470	6,926	6,318	5,925	5,784	5,733	5,676	5,598	5,527	5,477	5,415	5,368	5,272	5,364	5,245	5,156	5,078	4,793	4,751	4,657	4,569	4,495	4,391	4,318	4,231	4,101	3,967	3,832	3,841	3,617	0	0	0
Costs and Expenses, Total
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wages and benefits
0	2,293	2,234	2,211	2,190	2,163	2,091	2,017	1,931	1,783	1,646	1,508	1,394	1,339	1,311	1,284	1,254	1,227	1,194	1,170	1,136	1,111	1,117	1,094	1,086	1,074	1,044	1,045	1,038	1,024	1,014	998	991	979	974	971	961	965	972	0	0	0
Variable incentive pay
0	168	149	143	147	141	154	143	135	130	121	126	127	125	126	126	120	122	120	117	116	121	117	109	105	94	92	93	88	80	75	71	72	82	86	90	92	86	82	0	0	0
Aircraft fuel, including hedging gains and losses
0	1,947	1,974	1,947	1,936	1,793	1,648	1,517	1,447	1,289	1,146	1,003	831	806	826	886	954	1,047	1,196	1,295	1,418	1,463	1,432	1,444	1,467	1,486	1,460	1,521	1,459	1,374	1,458	1,422	1,298	1,229	1,030	888	901	882	790	0	0	0
Aircraft maintenance
0	456	457	448	435	440	421	411	391	344	320	289	270	268	271	258	253	245	236	241	229	226	222	232	247	249	251	238	222	213	207	202	206	203	208	213	217	215	220	0	0	0
Aircraft rent
0	329	329	324	315	303	291	283	274	238	193	150	114	107	108	108	105	104	105	108	110	114	116	117	119	119	119	118	116	113	113	113	116	121	126	132	139	144	149	0	0	0
Landing fees and other rentals
0	516	508	505	499	493	482	471	460	426	391	355	320	311	302	305	296	289	283	281	279	263	260	271	262	266	256	241	243	241	242	242	238	239	237	235	233	230	225	0	0	0
Contracted services
0	293	291	297	306	307	313	314	314	298	285	268	247	240	231	222	214	165	177	188	196	203	191	183	176	213	209	205	200	196	192	189	185	177	172	166	163	160	156	0	0	0
Selling expenses
0	317	319	320	326	336	349	363	368	363	329	282	248	213	208	207	211	205	207	206	199	197	189	187	179	173	172	165	168	173	174	176	175	170	167	160	154	153	144	0	0	0
Depreciation and amortization
0	425	418	410	398	387	383	376	372	357	363	365	363	365	345	332	320	312	306	300	294	284	276	271	270	272	271	269	264	258	255	250	247	242	237	234	230	227	223	0	0	0
Food and beverage service
0	212	208	210	211	208	205	200	195	178	159	140	126	123	122	119	113	108	102	97	93	89	87	85	84	84	82	81	79	75	72	69	67	64	62	59	57	54	51	0	0	0
Third-party regional carrier expense
0	165	161	158	154	151	143	131	121	107	102	99	95	92	87	80	72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	560	564	569	572	564	573	572	562	521	463	404	367	364	354	367	356	338	323	310	308	306	308	292	278	265	255	251	248	245	241	238	235	228	223	213	201	195	196	0	0	0
Special items - merger-related costs
0	59	76	107	87	97	98	83	116	167	166	156	117	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Special items—other
-	20	20	20	45	25	25	25	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fleet transition and restructuring related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	48	46	23	-	12	-	0	0	0
Fleet transition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	-	0	0
New pilot contract transition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total Operating Expenses
-	7,760	7,708	-	7,621	7,408	7,176	6,906	6,686	6,201	5,684	5,145	4,619	4,421	4,337	4,326	4,300	4,242	4,309	4,356	4,406	4,422	4,360	4,330	4,318	4,295	4,211	4,227	4,125	3,998	4,050	4,004	3,869	3,778	3,574	3,388	3,361	3,329	3,255	0	0	0
Operating Income (Loss)
0	857	732	639	643	734	864	1,080	1,208	1,269	1,242	1,173	1,306	1,363	1,396	1,350	1,298	1,285	1,168	1,059	962	850	1,004	915	838	783	582	524	532	571	445	387	449	453	527	579	471	512	361	0	0	0
Nonoperating Income (Expense)
Interest income
0	40	40	39	38	38	36	35	34	32	30	28	27	25	23	22	21	22	22	21	21	20	20	19	18	17	17	18	19	18	18	19	22	24	27	29	29	31	31	0	0	0
Interest expense
-	80	84	-	91	97	101	102	103	99	84	67	55	43	42	44	42	44	46	47	48	49	50	52	56	58	60	63	64	66	77	80	87	95	99	105	108	107	102	0	0	0
Interest capitalized
0	15	16	17	18	18	18	18	17	17	18	21	25	30	33	34	34	31	27	23	20	19	20	21	21	46	36	28	18	5	7	8	12	-6	-6	-6	-6	-6	-6	0	0	0
Other—net
0	-23	-27	-21	-23	-18	-9	-8	3	16	14	11	13	-2	-2	2	1	1	3	7	20	18	11	6	-5	1	8	10	9	-0	-1	-1	-2	7	8	8	8	3	-2	0	0	0
Nonoperating Income (Expense) Total
0	-48	-55	-54	-58	-59	-56	-57	-49	-34	-22	-7	10	10	12	14	14	10	6	4	13	8	1	-6	-22	-18	-15	-17	-18	-30	-44	-47	-55	-56	-57	-62	-65	-66	-67	0	0	0
Income (Loss) Before Income Tax
0	809	677	585	585	675	808	1,023	1,159	1,235	1,220	1,166	1,316	1,373	1,408	1,364	1,312	1,295	1,174	1,063	975	858	1,005	909	816	765	567	507	514	541	401	339	394	396	469	516	406	445	294	0	0	0
Income tax (benefit) expense
0	198	171	148	148	-54	37	152	199	493	481	460	519	482	499	481	464	490	445	403	370	323	379	344	308	291	219	195	198	204	150	127	149	151	179	196	155	171	114	0	0	0
Net Income (Loss)
0	611	506	437	437	729	771	871	960	742	739	706	797	891	909	883	848	805	729	660	605	535	626	565	508	474	348	312	316	336	251	211	245	245	290	319	251	273	180	0	0	0
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	123	123	123	123	123	123	123	122	123	123	123	123	123	123	124	125	127	129	131	132	134	137	137	209	139	140	70	352	70	70	71	71	71	71	71	179	35	35	35	35	0
Diluted shares (shares)
124	124	124	123	124	123	124	123	122	124	124	124	124	123	123	125	126	128	130	132	133	136	138	138	212	141	142	71	357	71	72	72	73	73	73	73	184	36	36	36	35	0
Special items - Impairment charges and other
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Contract with Customer, Liability
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Costs Incurred
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
0	7,946	7,778	7,664	7,632	7,520	7,435	7,383	7,301	7,179	6,543	5,861	5,392	4,896	4,871	4,839	4,793	4,731	4,683	4,626	4,579	4,496	4,415	4,329	4,267	4,214	4,149	4,112	4,030	3,894	3,822	3,725	3,708	3,514	3,459	3,392	3,266	3,500	3,280	0	0	0
Mileage Plan Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
0	1,122	1,085	1,070	1,053	1,156	1,128	1,105	959	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cargo and Other Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
0	220	215	207	198	189	181	178	175	214	198	177	163	107	106	109	108	109	111	113	114	113	113	111	113	114	112	113	111	110	110	108	109	109	108	107	106	108	104	0	0	0