Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Alaska Air Group reported a second quarter GAAP net income of $172 million and an adjusted net income of $215 million, marking solid progress in its integration with Hawaiian Airlines and the execution of its Alaska Accelerate plan.</li><li>The company generated record revenue of $3.7 billion, up 2% year-over-year, supported by a 2.7% capacity increase and strong premium and loyalty performance.</li><li>Adjusted earnings per share of $1.78 exceeded guidance, placing pretax margins among the top in the industry despite integration costs and operational headwinds, including a temporary IT outage earlier in the quarter.</li></ul>

Alaska Air Group reported a second quarter GAAP net income of $172 million and an adjusted net income of $215 million, marking solid progress in its integration with Hawaiian Airlines and the execution of its Alaska Accelerate plan.The company generated record revenue of $3.7 billion, up 2% year-over-year, supported by a 2.7% capacity increase and strong premium and loyalty performance.Adjusted earnings per share of $1.78 exceeded guidance, placing pretax margins among the top in the industry despite integration costs and operational headwinds, including a temporary IT outage earlier in the quarter.

Alaska Air’s $1 Billion Synergy Plan Meets Harsh Reality Of Inflation And Demand Shifts; Will It Work?

<ul><li>Alaska Air Group, which includes the recent acquisition of Hawaiian Airlines, reported a robust financial performance for the second quarter of 2025.</li><li>The company achieved a GAAP net income of $172 million and an adjusted net income, excluding special items, of $215 million.</li><li>This indicates the successful execution of integration and operational strategies, which have led to significant synergy benefits from the Alaska-Hawaiian merger.</li></ul>

Alaska Air Group, which includes the recent acquisition of Hawaiian Airlines, reported a robust financial performance for the second quarter of 2025.The company achieved a GAAP net income of $172 million and an adjusted net income, excluding special items, of $215 million.This indicates the successful execution of integration and operational strategies, which have led to significant synergy benefits from the Alaska-Hawaiian merger.

Alaska Air Group Races to 50% Premium Revenue in A High-Stakes Market Gamble; What Lies Ahead?

<ul><li>The Alaska Air Group reported a challenging first quarter of 2025, with a GAAP net loss of $166 million and an adjusted net loss of $95 million, excluding special items and fuel hedge adjustments.</li><li>This represents a difficult start to the year primarily due to a divergence in air travel demand from the robust levels seen in prior months.</li><li>However, the company is committed to its strategic initiative, Alaska Accelerate, which focuses on long-term value creation and profitability.</li></ul>

The Alaska Air Group reported a challenging first quarter of 2025, with a GAAP net loss of $166 million and an adjusted net loss of $95 million, excluding special items and fuel hedge adjustments.This represents a difficult start to the year primarily due to a divergence in air travel demand from the robust levels seen in prior months.However, the company is committed to its strategic initiative, Alaska Accelerate, which focuses on long-term value creation and profitability.

Alaska Air Group Eyes Massive Cost Synergies from Hawaiian Deal—Is a Profit Surge Coming?

<ul><li>Alaska Air Group, Inc. reported its financial performance for the fourth quarter of 2024, giving investors insight into its trajectory post-acquisition of Hawaiian Airlines.</li><li>The company finished 2024 with a GAAP net income of $71 million for the fourth quarter and $395 million for the full year.</li><li>When adjusted for special items and mark-to-market fuel hedge adjustments, these numbers rose to $125 million for the quarter and $625 million annually.</li></ul>

Alaska Air Group, Inc. reported its financial performance for the fourth quarter of 2024, giving investors insight into its trajectory post-acquisition of Hawaiian Airlines.The company finished 2024 with a GAAP net income of $71 million for the fourth quarter and $395 million for the full year.When adjusted for special items and mark-to-market fuel hedge adjustments, these numbers rose to $125 million for the quarter and $625 million annually.

Alaska Air Group: International Expansion & Fleet Modernization As A Critical Factor Driving Growth! - Major Drivers

<ul><li>Alaska Air Group recently shared their second-quarter financial outcomes, along with insights on their strategic outlook for the remainder of 2024.</li><li>The company reported GAAP net income of $220 million and adjusted net income, excluding special items and mark-to-market fuel hedge adjustments, of $327 million.</li><li>The company achieved a record $2.9 billion in quarterly revenue, driven significantly by premium segments, marking the highest quarterly result in its history.</li></ul>

Alaska Air Group recently shared their second-quarter financial outcomes, along with insights on their strategic outlook for the remainder of 2024.The company reported GAAP net income of $220 million and adjusted net income, excluding special items and mark-to-market fuel hedge adjustments, of $327 million.The company achieved a record $2.9 billion in quarterly revenue, driven significantly by premium segments, marking the highest quarterly result in its history.

Alaska Air Group: Leveraging Oneworld Alliance Partnerships To Up Their Game! - Major Drivers

United States

Alaska Air Group, Inc. is an airline holding company. The Company, through its subsidiaries, provides air service to passengers in multiple destinations. Alaska Air also provide freight and mail services, primarily to and within the state of Alaska and on the West Coast.

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Alaska Air Group (ALK US)

Alaska Air’s $1 Billion Synergy Plan Meets Harsh Reality Of Inflation And Demand Shifts; Will It Work?

Alaska Air Group reported a second quarter GAAP net income of $172 million and an adjusted net income of $215 million, marking solid progress in...

Baptista Research

Alaska Air Group Races to 50% Premium Revenue in A High-Stakes Market Gamble; What Lies Ahead?

Alaska Air Group, which includes the recent acquisition of Hawaiian Airlines, reported a robust financial performance for the second quarter of...

Baptista Research

Alaska Air Group Eyes Massive Cost Synergies from Hawaiian Deal—Is a Profit Surge Coming?

The Alaska Air Group reported a challenging first quarter of 2025, with a GAAP net loss of $166 million and an adjusted net loss of $95 million,...

Baptista Research

Alaska Air Group: International Expansion & Fleet Modernization As A Critical Factor Driving Growth! - Major Drivers

Alaska Air Group, Inc. reported its financial performance for the fourth quarter of 2024, giving investors insight into its trajectory...

Baptista Research

Alaska Air Group: Leveraging Oneworld Alliance Partnerships To Up Their Game! - Major Drivers

Alaska Air Group recently shared their second-quarter financial outcomes, along with insights on their strategic outlook for the remainder of...

Baptista Research

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