Alaska Air Group, Inc. (NYSE:ALK) on Thursday reported mixed fourth-quarter fiscal 2025 results. The company reported sales growth of 3% year over year (Y/Y) to $3.63 billion, which slightly missed the street view of $3.64 billion.
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Fourth-quarter revenue delivered a 0.6% year-over-year increase in RASM (operating Revenue per Available Seat Mile), despite a temporary demand slowdown caused by the government shutdown in November, the company said.
The company reported adjusted EPS of 43 cents, compared with guidance of 10 cents and a consensus estimate of 12 cents.
Corporate travel rose 9% Y/Y, with strong close-in demand sustaining momentum in the fourth quarter as bookings and yields rebounded from earlier challenges.
Also, diverse revenue streams performed well, with premium revenue up 7%, cargo revenue up 22%, and loyalty revenue up 12% year over year.
The company repurchased 0.7 million …