Alaska Air Group announced a net profit of $395 million for the fiscal year ending December 2024.
The revenue was $11.735 billion, with an operating profit of $570 million, and earnings per share were $3.13.
By securing $2 billion in financing backed by its mileage plan, the company repaid $1.6 billion in debt inherited from Hawaiian Airlines. A $1 billion share repurchase program will be implemented over the next four years to return value to shareholders.
Additionally, employees will receive a total of $325 million as incentives for achieving profitability, safety, and operational goals. This amounts to approximately six weeks’ worth of salary for most employees.
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