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Alaska Air Group has announced its financial results for the third quarter of 2024, highlighting a pretax margin of 13% which leads the industry. The company reported a GAAP net income of $236 million, translating to earnings per share (EPS) of $1.84. Excluding special items and adjustments, net income stood at $289 million or $2.25 EPS.
The completion of the Hawaiian Airlines acquisition on September 18 has begun to show in Alaska Air Group's financials, with approximately 13 days of Hawaiian Airlines' results included in this quarter's statements. Ben Minicucci, President & CEO of Alaska Air Group, expressed optimism about the merger: "There has been no better time to be part of Alaska Air Group."
Alaska Air Group plans to share more details about its future vision during an Investor Day event scheduled for December 10th. The company will not hold an earnings conference call this quarter due to the proximity to this event.
