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OPERATING SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The below tables present segment revenue and expenses for Air Group's reportable segments. Air Group's measure of segment profit or loss is pretax profit, which is used by the CODM to evaluate financial results. Additionally, reconciliations of the pretax profit of all reportable segments to Air Group's consolidated income before income tax are provided.
Year Ended December 31, 2024
(in millions)
Alaska Airlines
Hawaiian Airlines
Regional
Reportable Segment Total
Segment operating revenue
Passenger revenue$8,151 $757 $1,746 $10,654 
Loyalty program other revenue621 53 59 733 
Cargo and other revenue279 59 — 338 
Total segment operating revenue9,051 869 1,805 11,725 
Reconciliation to Consolidated Operating Revenue
Other revenue(a)
10 
Consolidated Operating Revenue
$11,735 
Segment operating expenses
Wages and benefits2,781 299 — 3,080 
Variable incentive pay318 4 — 322 
Economic fuel1,962 195 377 2,534 
Aircraft maintenance475 82 — 557 
Aircraft rent81 18 — 99 
Landing fees and other rentals596 61 — 657 
Contracted services511 39 — 550 
Selling expenses271 40 — 311 
Depreciation and amortization462 64 — 526 
Food and beverage service231 28 — 259 
Other(b)
680 66 — 746 
Regional carrier expenses— — 1,276 1,276 
Total segment operating expenses8,368 896 1,653 10,917 
Segment non-operating income (expense)
Interest income
113 7 — 120 
Interest expense(112)(37)— (149)
Other(b)
19 (1)— 18 
Total segment non-operating income (expense)20 (31)— (11)
Segment pretax profit (loss)$703 $(58)$152 $797 
Reconciliation to Consolidated Income Before Income Tax
Other profit (loss)(a)
39 
Aircraft fuel mark-to-market adjustment28 
Unrealized gain on foreign debt
10 
Special items - operating(345)
Special items - net non-operating16 
Consolidated Income Before Income Tax $545 
Year Ended December 31, 2023
(in millions)
Alaska Airlines
Hawaiian Airlines
Regional
Reportable Segment Total
Segment operating revenue
Passenger revenue$8,010 $— $1,516 $9,526 
Loyalty program other revenue599 — 49 648 
Cargo and other revenue244 — — 244 
Total segment operating revenue8,853 — 1,565 10,418 
Reconciliation to Consolidated Operating Revenue
Other revenue(a)
8 
Consolidated Operating Revenue
$10,426 
Segment operating expenses
Wages and benefits2,562 — — 2,562 
Variable incentive pay175 — — 175 
Economic fuel
2,264 — 379 2,643 
Aircraft maintenance
440 — — 440 
Aircraft rent
100 — — 100 
Landing fees and other rentals559 — — 559 
Contracted services492 — — 492 
Selling expenses268 — — 268 
Depreciation and amortization402 — — 402 
Food and beverage service218 — — 218 
Other(b)
625 — — 625 
Regional carrier expenses
— — 1,121 1,121 
Total segment operating expenses8,105 — 1,500 9,605 
Segment non-operating income (expense)
Interest income
95 — — 95 
Interest expense(96)— — (96)
Other(b)
(14)— — (14)
Total segment non-operating income (expense)(15)— — (15)
Segment pretax profit (loss)
$733 $— $65 $798 
Reconciliation to Consolidated Income Before Income Tax
Other profit (loss)(a)
(16)
Aircraft fuel mark-to-market adjustment
2 
Special items - operating(443)
Special items - net non-operating(18)
Consolidated Income Before Income Tax
$323 
Year Ended December 31, 2022
(in millions)
Alaska AirlinesHawaiian AirlinesRegionalReportable Segment Total
Segment operating revenue
Passenger revenue$7,299 $— $1,509 $8,808 
Loyalty program other revenue538 — 52 590 
Cargo and other revenue244 — — 244 
Total segment operating revenue8,081 — 1,561 9,642 
Reconciliation to Consolidated Operating Revenue
Other revenue(a)
4 
Consolidated Operating Revenue
$9,646 
Segment operating expenses
Wages and benefits2,213 — — 2,213 
Variable incentive pay229 — — 229 
Economic fuel
2,195 — 397 2,592 
Aircraft maintenance
365 — — 365 
Aircraft rent
187 — — 187 
Landing fees and other rentals461 — — 461 
Contracted services382 — — 382 
Selling expenses263 — — 263 
Depreciation and amortization350 — — 350 
Food and beverage service177 — — 177 
Other(b)
589 — — 589 
Regional carrier expenses
— — 1,085 1,085 
Total segment operating expenses7,411 — 1,482 8,893 
Segment non-operating income (expense)
Interest income
59 — — 59 
Interest expense(94)— — (94)
Other(b)
65 — — 65 
Total segment non-operating income (expense)30 — — 30 
Segment pretax profit (loss)
$700 $— $79 $779 
Reconciliation to Consolidated Income Before Income Tax
Other profit (loss)(a)
(44)
Aircraft fuel mark-to-market adjustment
(76)
Special items - operating(580)
Consolidated Income Before Income Tax
$79 
(a) Revenue and profit or loss from segments below the quantitative thresholds as well as other immaterial business units, including Air Group parent company activity, Horizon Air operations, McGee Air Services, consolidating entries and intercompany eliminations.
(b) Includes miscellaneous personnel, software, and services costs, as well as other non-operating activity.
(in millions)
202420232022
Capital expenditures:
Alaska Airlines$1,226 $1,473 $1,544 
Hawaiian Airlines33 — — 
Other(a)
90 200 127 
Consolidated$1,349 $1,673 $1,671 
Total assets at end of period(b):
Alaska Airlines$24,664 $19,937 
Hawaiian Airlines4,423 — 
Consolidating & Other
(9,319)(5,324)
Consolidated$19,768 $14,613 
Goodwill:
Alaska Airlines$2,177 $1,943 
Hawaiian Airlines$547 $— 
(a) Primarily consists of Horizon Air capital expenditures, including non-cash expenditures for debt financing of certain E175 deliveries of $68 million in 2024 and $179 million in 2023.
(b) No assets are allocated to the Regional segment as it represents only revenue and expenses associated with regional flying. The related assets associated with regional flying are allocated to other segments.