Alaska Air Group, Inc. (ALK) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.316 Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2025 first quarter 00:00:05.316 -- 00:00:09.921 earnings call. At this time, all participants have been placed on mute to prevent background 00:00:09.921 -- 00:00:15.006 noise. Today's call is being recorded and will be accessible for future playback at 00:00:15.006 -- 00:00:17.006 alaskaair.com. 00:00:17.688 -- 00:00:22.573 After our speaker's remarks, we will conduct a question and answer session for analysts. 00:00:22.573 -- 00:00:26.577 I would now like to turn the call over to Alaska Air Group's Vice President of Finance, 00:00:26.577 -- 00:00:29.300 Planning, and Investor Relations, Ryan St. 00:00:29.300 -- 00:00:31.300 John. 00:00:31.368 -- 00:00:35.192 Thank you, Operator, and good morning. Thank you for joining us for our first quarter 00:00:35.192 -- 00:00:40.638 2025 earnings call. Yesterday, we issued our earnings release along with several accompanying 00:00:40.638 -- 00:00:45.020 slides detailing our results, which are available at investor.alaskaair.com. 00:00:45.763 -- 00:00:49.487 On today's call, you'll hear updates from Ben, Andrew, and Shane. 00:00:49.487 -- 00:00:53.011 Several others of our management team are also on the line to answer your questions during 00:00:53.011 -- 00:00:55.814 the Q&A portion of the call. 00:00:55.814 -- 00:01:01.000 Air Group reported our first quarter gap net loss of $166 million. 00:01:01.000 -- 00:01:05.024 Excluding special items and mark-to-market fuel hedge adjustments, Air Group reported 00:01:05.024 -- 00:01:08.588 an adjusted net loss of $95 million. Our 00:01:08.588 -- 00:01:12.693 comments today will include discussion of Air Group reported results and forward-looking 00:01:12.693 -- 00:01:17.858 guid...