Alaska Historical Income Statement

ALK Stock  USD 42.99  0.98  2.33%   
Historical analysis of Alaska Air income statement accounts such as Interest Expense of 127 M, Selling General Administrative of 292.6 M or Total Revenue of 10.9 B can show how well Alaska Air Group performed in making a profits. Evaluating Alaska Air income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Alaska Air's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Alaska Air Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Alaska Air Group is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

About Alaska Income Statement Analysis

Alaska Air Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Alaska Air shareholders. The income statement also shows Alaska investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Alaska Air Income Statement Chart

Alaska Air Group Income Statement is one of the three primary financial statements used for reporting Alaska's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Alaska Air Group revenue and expense. Alaska Air Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Alaska Air's EBIT is quite stable compared to the past year. EBITDA is expected to rise to about 1.4 B this year, although the value of Income Before Tax will most likely fall to about 242.1 M.

Total Revenue

Total revenue comprises all receipts Alaska Air Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Alaska Air Group. It is also known as Alaska Air overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Alaska Air Group income statement and represents the costs associated with goods and services Alaska Air provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Alaska Air's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Alaska Air Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At this time, Alaska Air's EBIT is quite stable compared to the past year. EBITDA is expected to rise to about 1.4 B this year, although the value of Income Before Tax will most likely fall to about 242.1 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses680M1.0B1.0B1.5B
Cost Of Revenue4.8B8.0B8.5B8.9B

Alaska Air income statement Correlations

0.56-0.140.36-0.130.48-0.52-0.51-0.290.470.07-0.58-0.22-0.57-0.580.08-0.25-0.20.45-0.870.38-0.480.63-0.64
0.56-0.070.660.170.75-0.17-0.070.080.630.38-0.33-0.43-0.27-0.450.27-0.32-0.720.51-0.620.77-0.520.72-0.72
-0.14-0.070.180.490.10.40.330.33-0.040.290.480.10.490.420.50.55-0.080.080.18-0.01-0.33-0.430.15
0.360.660.180.40.980.410.460.620.880.350.22-0.540.260.110.71-0.03-0.640.45-0.270.58-0.130.68-0.61
-0.130.170.490.40.290.60.620.66-0.090.890.59-0.130.650.410.740.630.050.360.180.08-0.13-0.210.23
0.480.750.10.980.290.230.290.460.910.310.03-0.570.07-0.080.64-0.18-0.670.47-0.430.62-0.20.79-0.72
-0.52-0.170.40.410.60.230.990.950.120.280.94-0.160.930.910.510.64-0.09-0.060.71-0.020.41-0.260.36
-0.51-0.070.330.460.620.290.990.970.170.320.91-0.190.910.860.530.57-0.180.020.670.070.38-0.160.28
-0.290.080.330.620.660.460.950.970.320.370.85-0.280.850.80.610.56-0.250.150.510.180.29-0.010.14
0.470.63-0.040.88-0.090.910.120.170.32-0.1-0.07-0.5-0.06-0.090.41-0.37-0.710.31-0.40.6-0.090.84-0.79
0.070.380.290.350.890.310.280.320.37-0.10.21-0.250.290.010.560.440.010.42-0.130.1-0.27-0.020.1
-0.58-0.330.480.220.590.030.940.910.85-0.070.210.180.990.960.480.670.09-0.110.78-0.090.3-0.440.43
-0.22-0.430.1-0.54-0.13-0.57-0.16-0.19-0.28-0.5-0.250.180.180.17-0.210.00.47-0.260.26-0.2-0.26-0.490.22
-0.57-0.270.490.260.650.070.930.910.85-0.060.290.990.180.920.540.660.07-0.050.73-0.040.22-0.410.39
-0.58-0.450.420.110.41-0.080.910.860.8-0.090.010.960.170.920.310.650.13-0.230.85-0.210.44-0.50.52
0.080.270.50.710.740.640.510.530.610.410.560.48-0.210.540.310.25-0.150.48-0.040.3-0.150.16-0.25
-0.25-0.320.55-0.030.63-0.180.640.570.56-0.370.440.670.00.660.650.250.260.020.44-0.170.04-0.570.58
-0.2-0.72-0.08-0.640.05-0.67-0.09-0.18-0.25-0.710.010.090.470.070.13-0.150.26-0.310.29-0.760.31-0.610.61
0.450.510.080.450.360.47-0.060.020.150.310.42-0.11-0.26-0.05-0.230.480.02-0.31-0.50.6-0.510.46-0.54
-0.87-0.620.18-0.270.18-0.430.710.670.51-0.4-0.130.780.260.730.85-0.040.440.29-0.5-0.460.63-0.680.74
0.380.77-0.010.580.080.62-0.020.070.180.60.1-0.09-0.2-0.04-0.210.3-0.17-0.760.6-0.46-0.610.63-0.74
-0.48-0.52-0.33-0.13-0.13-0.20.410.380.29-0.09-0.270.3-0.260.220.44-0.150.040.31-0.510.63-0.61-0.20.52
0.630.72-0.430.68-0.210.79-0.26-0.16-0.010.84-0.02-0.44-0.49-0.41-0.50.16-0.57-0.610.46-0.680.63-0.2-0.88
-0.64-0.720.15-0.610.23-0.720.360.280.14-0.790.10.430.220.390.52-0.250.580.61-0.540.74-0.740.52-0.88
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Alaska Air Account Relationship Matchups

Alaska Air income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization423M853M394M415M451M473.6M
Interest Expense63M87M117M94M121M127.1M
Selling General Administrative313M101M2.5B3.2B308M292.6M
Total Revenue8.8B3.6B6.2B9.6B10.4B10.9B
Gross Profit2.0B(414M)1.4B1.7B1.9B1.4B
Other Operating Expenses7.7B4.5B5.5B9.0B9.5B10.0B
Operating Income700M(1.8B)341M338M899M944.0M
Ebit700M(1.8B)341M338M899M944.0M
Ebitda1.1B(900M)735M753M1.4B1.4B
Cost Of Revenue6.8B4.0B4.8B8.0B8.5B8.9B
Total Operating Expenses872M508M680M1.0B1.0B1.5B
Income Before Tax1.0B(1.8B)629M79M323M242.1M
Total Other Income Expense Net316M(65M)288M(259M)(576M)(547.2M)
Net Income769M(1.3B)478M58M235M155.0M
Income Tax Expense247M(511M)151M21M88M83.4M
Selling And Marketing Expenses313M101M173M295M303M166.4M
Net Income Applicable To Common Shares769M(1.3B)478M58M66.7M63.4M
Net Income From Continuing Ops60M62M478M58M259M341.4M
Non Operating Income Net Other33M15M31M(30M)(27M)(25.7M)
Tax Provision247M(511M)151M21M95M117.2M
Interest Income42M31M92M41M80M48.6M
Net Interest Income(21M)(56M)(92M)(41M)(7M)(7.4M)
Reconciled Depreciation423M420M394M415M435M449.0M

Alaska Air Investors Sentiment

The influence of Alaska Air's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alaska. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Alaska Air's public news can be used to forecast risks associated with an investment in Alaska. The trend in average sentiment can be used to explain how an investor holding Alaska can time the market purely based on public headlines and social activities around Alaska Air Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Alaska Air's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alaska Air's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alaska Air's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alaska Air.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alaska Air in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alaska Air's short interest history, or implied volatility extrapolated from Alaska Air options trading.

Pair Trading with Alaska Air

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alaska Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alaska Air will appreciate offsetting losses from the drop in the long position's value.

Moving against Alaska Stock

  0.49MCAF Mountain Crest AcquiPairCorr
The ability to find closely correlated positions to Alaska Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alaska Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alaska Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alaska Air Group to buy it.
The correlation of Alaska Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alaska Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alaska Air Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alaska Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Alaska Air Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Alaska Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Alaska Air's price analysis, check to measure Alaska Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alaska Air is operating at the current time. Most of Alaska Air's value examination focuses on studying past and present price action to predict the probability of Alaska Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alaska Air's price. Additionally, you may evaluate how the addition of Alaska Air to your portfolios can decrease your overall portfolio volatility.
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Is Alaska Air's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alaska Air. If investors know Alaska will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alaska Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.484
Earnings Share
1.83
Revenue Per Share
81.853
Quarterly Revenue Growth
0.03
Return On Assets
0.0355
The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.