Alaska Air (ALK) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

By Zacks Equity Research | April 23, 2025, 7:30 PM

For the quarter ended March 2025, Alaska Air Group (ALK) reported revenue of $3.14 billion, up 40.6% over the same period last year. EPS came in at -$0.77, compared to -$0.92 in the year-ago quarter.

The reported revenue represents a surprise of -0.80% over the Zacks Consensus Estimate of $3.16 billion. With the consensus EPS estimate being -$0.72, the EPS surprise was -6.94%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Alaska Air performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Passenger Load Factor: 81.3% compared to the 82% average estimate based on five analysts.
  • Revenue passenger miles (RPM): 17.26 billion compared to the 17.42 billion average estimate based on four analysts.
  • Total revenue per ASM (RASM): 14.79 cents compared to the 15.05 cents average estimate based on four analysts.
  • Available seat miles (ASM): 21.22 billion versus the four-analyst average estimate of 21.24 billion.
  • Economic fuel cost per gallon: $2.61 compared to the $2.62 average estimate based on four analysts.
  • Passenger Yield: 16.28 cents versus the three-analyst average estimate of 16.57 cents.
  • Operating expenses per ASM, excluding fuel and special items: 11.89 cents versus 12.49 cents estimated by three analysts on average.
  • Fuel gallons: 262 Mgal versus 241.61 Mgal estimated by three analysts on average.
  • Consolidated - Average full-time equivalent employees (FTEs): 29,773 compared to the 28,003 average estimate based on two analysts.
  • Consolidated - Revenue passengers: 13.16 billion versus the two-analyst average estimate of 10.36 billion.
  • Revenue- Cargo and other: $122 million compared to the $110.70 million average estimate based on four analysts. The reported number represents a change of +90.6% year over year.
  • Total Passenger Revenue: $2.81 billion versus the four-analyst average estimate of $2.90 billion.
View all Key Company Metrics for Alaska Air here>>>

Shares of Alaska Air have returned -16.5% over the past month versus the Zacks S&P 500 composite's -6.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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