Alaska Airlines , which had a year full of highlights and lowlights, including the Boeing 737 MAX 9 door plug blowout in January, has reported its Q4 2024 and 2024 results, with the group, now also consisting of Hawaiian Airlines, ending the year with a $395 million profit. Transformational year Ben Minicucci, the chief executive officer (CEO) of Alaska Air Group, said that 2024 was a transformational year for the group as it welcomed Hawaiian Airlines under its wing in September 2024. This began Alaska Airlines’ journey toward unlocking $1 billion in incremental pre-tax profit over the next three years, the CEO added.
“We're proud that our incentive plan will reward Alaska Airlines and Horizon Air employees with nearly six weeks of pay, which we believe will lead the industry.” Minicucci continued that the group’s vision is evident as it focuses on executing its strategic plan, ‘Alaska Accelerate.’ The executive said that the plan will leverage the strengths of the two airlines’ networks, enhancing the end-to-end passenger experience for the group’s customers and delivering value for each dependent stakeholder.
Alaska Air Group pointed out that Q4 2024 and 2024 results include Hawaiian Airlines' performance, with prior comparable periods excluding the recently acquired carrier’s financial performance. Alaska Airlines Group expects $500 million of revenue and cost benefits from the merger by 2027. Results beyond expectations The group, which also includes Ho.
