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Alaska Air Group has announced its financial results for the first quarter of 2025, revealing strategic achievements alongside financial losses. The company has been working on integration milestones following its combination with Hawaiian Airlines and has laid out initiatives under the Alaska Accelerate plan aimed at delivering $1 billion in incremental profit by 2027.
Ben Minicucci, President & CEO of Alaska Air Group, remarked, "Our team is executing well on integration milestones, cost performance, synergy capture and the initiatives that underpin the Alaska Accelerate plan. Our efforts to deliver $1 billion in incremental profit by 2027 are off to a strong start." He further commented on the company's readiness amid economic uncertainty, noting, "We’re growing scale, relevance and loyalty in our hubs, we’re already recognizing synergies from the combination with Hawaiian Airlines, and our employees have never been more engaged and excited about our future."
The integration with Hawaiian Airlines has prompted adjustments to the company's financial reporting. For the first quarter, the Generally Accepted Accounting Principles (GAAP) pretax margin was reported at (7.4)%, with a net loss per share of $1.35. On an adjusted basis, the pretax margin stood at (4.5)%, with a net loss per share of $0.77. Despite macroeconomic challenges, there was a reported seven-point improvement in adjusted pretax margin on a pro forma basis compared to the previous year.
