Alaska posts $316mn Q4 loss, sees mixed bag for 2021
Alaska Air Group lost $316m in Q4 2020, and is preparing for a mixed bag in the current year as the coronavirus crisis drags on. The latest three-month figure is the fourth straight quarter of losses for the Seattle based carrier group, and brings the year’s losses to $1.3b, compared to a profit of $798 in 2019. Alaska’s revenue in the final quarter of the year was $808 million, down 64% from $2.2b in the same period in 2019. Revenue for the full year was 59% lower, at $3.6b. For 2021, executives say, the airline is expecting a mixed bag. “We are not out of the woods, but we are seeing signs of brighter days ahead,” says outgoing CE Brad Tilden on 26 January. “We’re positioned to come out of this crisis with our balance sheet unimpaired and our competitive advantages intact, and both of these set us up for a strong future and a long runway for growth.”<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-01-27/unaligned/alaska-posts-316mn-q4-loss-sees-mixed-bag-for-2021
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Alaska posts $316mn Q4 loss, sees mixed bag for 2021
Alaska Air Group lost $316m in Q4 2020, and is preparing for a mixed bag in the current year as the coronavirus crisis drags on. The latest three-month figure is the fourth straight quarter of losses for the Seattle based carrier group, and brings the year’s losses to $1.3b, compared to a profit of $798 in 2019. Alaska’s revenue in the final quarter of the year was $808 million, down 64% from $2.2b in the same period in 2019. Revenue for the full year was 59% lower, at $3.6b. For 2021, executives say, the airline is expecting a mixed bag. “We are not out of the woods, but we are seeing signs of brighter days ahead,” says outgoing CE Brad Tilden on 26 January. “We’re positioned to come out of this crisis with our balance sheet unimpaired and our competitive advantages intact, and both of these set us up for a strong future and a long runway for growth.”<br/>
