Alaska Air (ALK) Asset Writedowns and Impairment (2020 - 2023)
Alaska Air (ALK) reported Asset Writedowns and Impairment of $13.0 million for Q1 2023, down 82.67% year-over-year from $75.0 million in Q1 2022, and down 89.17% on a QoQ basis from $120.0 million in Q4 2022.
Alaska Air (ALK) has 4 years of Asset Writedowns and Impairment data on file, last reported at $13.0 million in Q1 2023.
- Quarterly Asset Writedowns and Impairment fell 82.67% year-over-year to $13.0 million in Q1 2023, while the trailing twelve-month figure through Mar 2023 was $434.0 million (up 675.0% YoY) and the FY2023 annual result came in at $392.0 million, down 20.97% from the prior year.
- Asset Writedowns and Impairment slipped to $13.0 million in Q1 2023 per ALK's latest filing, from $120.0 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $277.0 million in Q4 2020 and bottomed at -$9.0 million in Q3 2021.
- The 4-year median for Asset Writedowns and Impairment is $75.0 million (2022), against an average of $87.3 million.
- The widest annual swing landed in 2021, when Asset Writedowns and Impairment plunged 107.44%; it then surged 3750.0% in 2022.
- Tracing ALK's Asset Writedowns and Impairment over 4 years: stood at $277.0 million in 2020, then slumped by 102.17% to -$6.0 million in 2021, then soared by 2100.0% to $120.0 million in 2022, then tumbled by 89.17% to $13.0 million in 2023.
- Per Business Quant, the three latest ALK Asset Writedowns and Impairment figures stand at $13.0 million (Q1 2023), $120.0 million (Q4 2022), and $155.0 million (Q3 2022).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 13.00 Mn |
| Mar 31, 2023 | 13.00 Mn |
| Dec 31, 2022 | 120.00 Mn |
| Dec 31, 2022 | 120.00 Mn |
| Sep 30, 2022 | 155.00 Mn |
| Sep 30, 2022 | 155.00 Mn |
| Jun 30, 2022 | 146.00 Mn |
| Jun 30, 2022 | 146.00 Mn |
| Mar 31, 2022 | 75.00 Mn |
| Mar 31, 2022 | 75.00 Mn |
| Dec 31, 2021 | -6.00 Mn |
| Dec 31, 2021 | -6.00 Mn |
| Sep 30, 2021 | -9.00 Mn |
| Sep 30, 2021 | -9.00 Mn |
| Jun 30, 2021 | -4.00 Mn |
| Jun 30, 2021 | -4.00 Mn |
| Mar 31, 2021 | 18.00 Mn |
| Mar 31, 2021 | 18.00 Mn |
| Dec 31, 2020 | 277.00 Mn |
| Dec 31, 2020 | 277.00 Mn |
| Sep 30, 2020 | 121.00 Mn |
| Sep 30, 2020 | 121.00 Mn |
| Jun 30, 2020 | 69.00 Mn |
| Jun 30, 2020 | 69.00 Mn |
| Mar 31, 2020 | 160.00 Mn |
| Mar 31, 2020 | 160.00 Mn |