Quarterly ResultAug 4, 2026, 04:14 PM
Alaska Air Group Q2 Net Loss $76M; Revenue Up 9.7% to $4.07B
AI Summary
Alaska Air Group reported a net loss of $76 million for the second quarter of 2026, a significant decline from the $172 million net income in the prior year, despite a 9.7% increase in total operating revenue to $4.07 billion. For the first six months, the company posted a net loss of $269 million. The company also issued $1 billion in new debt through senior notes and a term loan, while repurchasing $250 million in common stock. An accrual of $43 million was made for a legal dispute regarding the Virgin trademark license agreement.
Key Highlights
- Reported a Q2 net loss of $76 million, compared to $172 million net income in Q2 2025.
- Q2 total operating revenue increased 9.7% to $4.07 billion from $3.70 billion in Q2 2025.
- Six-month net loss was $269 million, compared to $6 million net income in H1 2025.
- Six-month total operating revenue increased 7.6% to $7.37 billion from $6.84 billion in H1 2025.
- Issued $500 million in unsecured senior notes and an additional $500 million term loan facility.
- Repurchased 5.9 million shares for $250 million during the first six months of 2026.
- Accrued $43 million for the Virgin trademark license agreement.
- Cash and cash equivalents increased to $1.06 billion as of June 30, 2026, from $627 million.
Price Impact
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