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OPERATING SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2025
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.
| Three Months Ended March 31, 2025
(in millions) | Alaska Airlines |  | Hawaiian Airlines |  | Regional |  | Reportable Segment Total
Segment operating revenue |  |  |  |  |  |  |
Passenger revenue | $ | 1,757 |  |  | $ | 653 |  |  | $ | 398 |  |  | $ | 2,808 |
Loyalty program other revenue | 152 |  |  | 39 |  |  | 16 |  |  | 207 |
Cargo and other revenue | 65 |  |  | 55 |  |  | — |  |  | 120 |
Total segment operating revenue | 1,974 |  |  | 747 |  |  | 414 |  |  | 3,135 |
Reconciliation to Consolidated Operating Revenue: |  |  |  |  |  |  |
Other revenue(a) |  |  |  |  |  |  | 2 |
Consolidated Operating Revenue |  |  |  |  |  |  | $ | 3,137 |
Segment operating expenses |  |  |  |  |  |  |
Wages and benefits | 721 |  |  | 277 |  |  | — |  |  | 998 |
Variable incentive pay | 43 |  |  | 13 |  |  | — |  |  | 56 |
Economic fuel | 419 |  |  | 174 |  |  | 91 |  |  | 684 |
Aircraft maintenance | 124 |  |  | 75 |  |  | — |  |  | 199 |
Aircraft rent | 21 |  |  | 15 |  |  | — |  |  | 36 |
Landing fees and other rentals | 154 |  |  | 54 |  |  | — |  |  | 208 |
Contracted services | 134 |  |  | 36 |  |  | — |  |  | 170 |
Selling expenses | 62 |  |  | 30 |  |  | — |  |  | 92 |
Depreciation and amortization | 121 |  |  | 58 |  |  | — |  |  | 179 |
Food and beverage service | 55 |  |  | 24 |  |  | — |  |  | 79 |
Other(b) | 173 |  |  | 58 |  |  | — |  |  | 231 |
Regional carrier expenses | — |  |  | — |  |  | 333 |  |  | 333 |
Total segment operating expenses | 2,027 |  |  | 814 |  |  | 424 |  |  | 3,265 |
Segment non-operating income (expense) |  |  |  |  |  |  |
Interest income | 43 |  |  | 3 |  |  | — |  |  | 46 |
Interest expense | (52) |  |  | (26) |  |  | — |  |  | (78) |
Other(b) | 7 |  |  | 2 |  |  | — |  |  | 9 |
Total segment non-operating income (expense) | (2) |  |  | (21) |  |  | — |  |  | (23) |
Segment pretax loss | $ | (55) |  |  | $ | (88) |  |  | $ | (10) |  |  | $ | (153) |
Reconciliation to Consolidated Loss Before Income Tax: |  |  |  |  |  |  |
Other profit (loss)(a) |  |  |  |  |  |  | 13 |
Aircraft fuel mark-to-market adjustment |  |  |  |  |  |  | 3 |
Losses on foreign debt |  |  |  |  |  |  | (5) |
Special items - operating |  |  |  |  |  |  | (91) |
Consolidated Loss Before Income Tax |  |  |  |  |  |  | $ | (233) |
| Three Months Ended March 31, 2024
(in millions) | Alaska Airlines |  | Hawaiian Airlines |  | Regional |  | Reportable Segment Total
Segment operating revenue |  |  |  |  |  |  |
Passenger revenue | $ | 1,629 |  |  | $ | — |  |  | $ | 375 |  |  | $ | 2,004 |
Loyalty program other revenue | 149 |  |  | — |  |  | 15 |  |  | $ | 164 |
Cargo and other revenue | 62 |  |  | — |  |  | — |  |  | $ | 62 |
Total segment operating revenue | 1,840 |  |  | — |  |  | 390 |  |  | 2,230 |
Reconciliation to Consolidated Operating Revenue: |  |  |  |  |  |  |
Other revenue(a) |  |  |  |  |  |  | 2 |
Consolidated Operating Revenue |  |  |  |  |  |  | $ | 2,232 |
Segment operating expenses |  |  |  |  |  |  |
Wages and benefits | 683 |  |  | — |  |  | — |  |  | 683 |
Variable incentive pay | 39 |  |  | — |  |  | — |  |  | 39 |
Economic fuel | 485 |  |  | — |  |  | 93 |  |  | 578 |
Aircraft maintenance | 107 |  |  | — |  |  | — |  |  | 107 |
Aircraft rent | 20 |  |  | — |  |  | — |  |  | 20 |
Landing fees and other rentals | 137 |  |  | — |  |  | — |  |  | 137 |
Contracted services | 120 |  |  | — |  |  | — |  |  | 120 |
Selling expenses | 67 |  |  | — |  |  | — |  |  | 67 |
Depreciation and amortization | 112 |  |  | — |  |  | — |  |  | 112 |
Food and beverage service | 52 |  |  | — |  |  | — |  |  | 52 |
Other(b) | 177 |  |  | — |  |  | — |  |  | 177 |
Regional carrier expenses | — |  |  | — |  |  | 299 |  |  | 299 |
Total segment operating expenses | 1,999 |  |  | — |  |  | 392 |  |  | 2,391 |
Segment non-operating income (expense) |  |  |  |  |  |  |
Interest income | 18 |  |  | — |  |  | — |  |  | 18 |
Interest expense | (25) |  |  | — |  |  | — |  |  | (25) |
Other(b) | 4 |  |  | — |  |  | — |  |  | 4 |
Total segment non-operating income (expense) | (3) |  |  | — |  |  | — |  |  | (3) |
Segment pretax loss | $ | (162) |  |  | $ | — |  |  | $ | (2) |  |  | $ | (164) |
Reconciliation to Consolidated Loss Before Income Tax: |  |  |  |  |  |  |
Other profit (loss)(a) |  |  |  |  |  |  | 7 |
Aircraft fuel mark-to-market adjustment |  |  |  |  |  |  | 13 |
Special items - operating |  |  |  |  |  |  | (34) |
Consolidated Loss Before Income Tax |  |  |  |  |  |  | $ | (178) |
(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.
Total capital expenditures were as follows:
| Three Months Ended March 31,
(in millions) | 2025 |  | 2024
Alaska Airlines | $ | 92 |  |  | $ | 52 |
Hawaiian Airlines | 144 |  |  | — |
Other(a) | 25 |  |  | 50 |
Consolidated | $ | 261 |  |  | $ | 102 |
Total assets were as follows(b):
(in millions) | March 31, 2025 |  | December 31, 2024
Alaska Airlines | $ | 24,404 |  |  | $ | 24,664 |
Hawaiian Airlines | 4,549 |  |  | 4,423 |
Consolidating & Other | (9,135) |  |  | (9,319) |
Consolidated | $ | 19,818 |  |  | $ | 19,768 |
(a) Primarily consists of Horizon Air capital expenditures, including non-cash expenditures for debt financing of certain E175 deliveries of $23 million in 2025 and $45 million in 2024. (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.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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