 | |
| Company type | Public |
|---|---|
| Industry | Transportation |
| Founded | 1985; 40 years ago (1985) |
| Headquarters | SeaTac, Washington, United States |
Area served | United States |
Key people |
|
| Revenue |  US$11.7 billion (2024) |
| US$570 million (2024) | |
| US$395 million (2024) | |
| Total assets | US$19.8 billion (2024) |
| Total equity | US$4.4 billion (2024) |
Number of employees | 33,941 (2024) |
| Subsidiaries |
|
| Website | investor |
| Footnotes / references Financials as of December 31, 2024[update]. References:[1][2] | |
Alaska Air Group, Inc. is an Americanairline holding company based inSeaTac, Washington, United States. The group owns two mainline carriers,Alaska Airlines andHawaiian Airlines, along with a regional airline,Horizon Air.[3] Alaska Airlines in turn wholly owns an aircraft ground handling company, McGee Air Services.
Alaska Air Group was formed in 1985 as a holding company for Alaska Airlines, and a year later it acquired Horizon Air andJet America Airlines. Jet America Airlines was merged into Alaska Airlines in 1987.[4]
In 2011, Alaska Air Group replaced theAMR Corporation in theDow Jones Transportation Average following AMR's filing for bankruptcy.[5]
On March 29, 2016, Alaska Airlines announced that it would form a wholly owned subsidiary called McGee Air Services, a dedicated airline services company. McGee competes with other companies to provide ground handling, aircraft cleaning and wheelchair services to Alaska Airlines.[6]
On April 4, 2016, Alaska Air Group announced plans to acquireVirgin America, pending approval from US government regulators and Virgin America shareholders;[7] the acquisition was completed on December 14, 2016.[8] The total price was approximately $2.6 billion. Until 2018, Alaska Air Group continued to operate Alaska Airlines and Virgin America as separate airlines and continued to honor both Alaska's Mileage Plan and Virgin America's Elevate loyalty programs.[9] Following the acquisition ofVirgin America, the actual number of Alaska Air Group employees had increased from 15,143 at the end of 2015 to 19,112 (12,224 at Alaska Airlines, 3,616 at Horizon Air, and 3,252 at Virgin America) by the end of 2016.[10]
On March 22, 2017, the company announced that Alaska Air Group would merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand. The merger was largely completed on April 25, 2018 and the Virgin America brand was fully retired by June 2, 2019.[11]
On December 3, 2023, Alaska Air Group announced that it planned to purchaseHawaiian Airlines in a deal worth approximately $1.9 billion. The deal would retain both Alaska Airlines and Hawaiian Airlines as separate brands.[12][13] On August 19, 2024, theU.S. Department of Justice completed its regulatory antitrust review of the proposed acquisition and declined file a lawsuit to block it.[14] The merger received the approval of theU.S. Department of Transportation on September 17, 2024 with the merger closing the following day.[15][16]
The key trends for Alaska Air Group are shown below (as at year ending December 31):[17]
| Year | Revenue (in million US$) | Net income (in million US$) | Employees (FTE) | Passengers (in millions) | Load factor (%) | Aircraft | Notes/ references |
|---|---|---|---|---|---|---|---|
| 2009 | 3,400 | 122 | 12,223 | 15.5 | 79.3 | 115 | [18] |
| 2010 | 3,832 | 251 | 11,696 | 23.3 | 82.4 | 114 | [19] |
| 2011 | 4,318 | 245 | 11,840 | 24.8 | 84.5 | 117 | [20] |
| 2012 | 4,657 | 316 | 11,955 | 25.9 | 85.9 | 124 | [21] |
| 2013 | 5,156 | 508 | 12,163 | 27.4 | 85.6 | 190 | [22] |
| 2014 | 5,368 | 605 | 12,739 | 29.3 | 85.1 | 196 | [23] |
| 2015 | 5,598 | 848 | 13,858 | 31.9 | 84.1 | 212 | [24] |
| 2016 | 5,931 | 814 | 14,760 | 41.9 | 84.1 | 285 | [25] |
| 2017 | 7,933 | 1,028 | 23,156 | 44.0 | 84.3 | 304 | [26] |
| 2018 | 8,264 | 437 | 21,641 | 45.8 | 83.7 | 330 | [27] |
| 2019 | 8,781 | 769 | 22,126 | 46.7 | 84.1 | 332 | [28] |
| 2020 | 3,566 | −1,324 | 17,596 | 17.9 | 55.2 | 291 | [a][29] |
| 2021 | 6,176 | 478 | 19,375 | 32.4 | 73.6 | 311 | [30] |
| 2022 | 9,646 | 58 | 22,564 | 41.5 | 84.5 | 311 | [31] |
| 2023 | 10,426 | 235 | 26,043 | 44.6 | 83.7 | 314 | [32] |
| 2024 | 11,735 | 395 | 33,941 | 44.6 | 83.9 | 392 | [2] |
| |||||||
The Alaska Air Group headquarters is located at 19300 International Boulevard,SeaTac, Washington, United States.
On May 3, 2018, Alaska Airlines unveiled plans to construct a 128,000-square-foot building nearSea-Tac Airport to provide office space for its growing workforce. The new building will be across the street from Alaska's Corporate Headquarters and adjacent to its Flight Training Center. Construction was expected to be completed by early 2020.[33]
Alaska Air Group operates a mix ofAirbus,Boeing andEmbraer aircraft through its subsidiariesAlaska Airlines,Hawaiian Airlines, andHorizon Air.
As of September 2024,Alaska Airlines' fleet consists of about 235Boeing 737 aircraft,Hawaiian Airlines' fleet consists of about 18Airbus A321neo, 24Airbus A330, 19Boeing 717 and 2Boeing 787 aircraft, andHorizon Air's fleet consists of about 44Embraer 175 aircraft, with the combined fleet under Alaska Air Group's management numbering 342 aircraft.
Alaska Air Group has created a new branding identity for its Horizon Air subsidiary and other independently owned and separately directed affiliateregional airlines it chooses to contract to do regional flying business into markets too limited to be flown only on Alaska Airlinesmainline equipment. Among the other airlines now sub-contracted to do additional flying for the Alaska Air Group isSkyWest Airlines, who has about 40 Embraer 175 aircraft dedicated to providing service for the Alaska Airlines are painted in a very similar manner to Horizon's. SkyWest's fleet however, is brandedAlaska SkyWest to differentiate that airline's aircraft from those of Horizon Air.[34]
ThroughAlaska Airlines andHorizon Air, Alaska Air Group services the passenger and cargo markets of thePacific Northwest with its extensive route network hub throughSeattle–Tacoma inWashington state andPortland inOregon, and the state ofAlaska inAnchorage. After the demise ofAloha Airlines andATA Airlines in 2008, Alaska Air Group expanded heavily centering on Hawaii and other non-airline hub secondarymainland cities and airports, includingSan Diego andSan Jose.[35] After the acquisition ofVirgin America in 2016, Alaska Air Group further expanded intoCalifornia throughVirgin America's hubs inSan Francisco andLos Angeles.[36] After the acquisition of Hawaiian Airlines in 2024, Alaska Air Group is expanding into Hawaii throughHawaiian's hub inHonolulu, making it the second largest hub behind Seattle–Tacoma.[37]
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