Quarterly ResultMay 7, 2026, 06:09 AM
Alaska Air Group Q1 Net Loss $(193)M; Revenue +5% to $3.3B
AI Summary
Alaska Air Group reported a net loss of $(193) million for the first quarter of 2026, an increase from $(166) million in the prior year, with basic loss per share at $(1.69). Despite external headwinds like increased fuel prices and reduced demand in key leisure markets, total operating revenue grew 5% to $3.3 billion. The company also expanded its co-branded credit card partnership with Bank of America and amended its Air Transportation Services Agreement with Amazon, enhancing loyalty program and cargo economics.
Key Highlights
- Net Loss increased to $(193) million in Q1 2026 from $(166) million YoY.
- Total Operating Revenue rose 5% to $3.3 billion in Q1 2026.
- Basic Loss Per Share was $(1.69) in Q1 2026, compared to $(1.35) YoY.
- Loyalty program other revenue increased 10% to $227 million.
- Cargo and other revenue grew 25% to $153 million.
- Repurchased 4.7 million shares for $203 million in Q1 2026.
- Cash and cash equivalents stood at $451 million as of March 31, 2026.
- Special operating items decreased to $35 million from $91 million YoY.