Alaska Air Group, Inc. (ALK) Goldman Sachs Industrials and Materials Conference 2025 December 4, 2025 1:30 PM EST
Company Participants
Shane Tackett – CFO & Executive VP of Finance
Conference Call Participants
Catherine O’Brien – Goldman Sachs Group, Inc., Research Division
Presentation
Catherine O’Brien
Goldman Sachs Group, Inc., Research Division
Okay. Hello, everyone. Welcome back to the Goldman Sachs Industrials Conference. I’m Catie O’Brien, the Head equity research analyst covering the U.S. airlines and the U.S. listed aircraft leasing companies. Today, I have the great pleasure of introducing Shane Tackett, Chief Financial Officer of Alaska Airlines. Thanks for being with us, Shane.
Shane Tackett
CFO & Executive VP of Finance
Yes. Thanks, Catie, for having us. We’re excited to be OUT here. Yes.
Catherine O’Brien
Goldman Sachs Group, Inc., Research Division
A lot going on.
Shane Tackett
CFO & Executive VP of Finance
A lot going on and the first time we’ve been in front of the market and investors for quite a while, given the fact that we didn’t have the earnings call.
Catherine O’Brien
Goldman Sachs Group, Inc., Research Division
Well, I’m happy you chose us. So thanks.
Question-and-Answer Session
Catherine O’Brien
Goldman Sachs Group, Inc., Research Division
So Shane, you guys put out an 8-K earlier this morning calling out various transitory impacts, some Alaska specific, some industry-wide, LA crack spreads, IT outage, government shutdown impact. If you’ll [ humor ] me, I just wanted to dig in on each of those, get the short-term ones out of the way. So this morning, I’ve been fielding quite a few investor questions on the language in your 8-K around the shape of this government impact, investors focus on the language that you said you’re almost back with some of your peers saying, they are back. Can we just go through the replay of what you saw, how far off are we? Maybe not that far at all, that would be great.
