Alaska Air Group Q3 Loss $1.32/Share; Revenue Up 14% to $4.3B
Alaska Air Group reported third quarter 2026 financial results, including a GAAP net loss of $147 million, or ($1.32) per share, and an adjusted net loss of $35 million, or ($0.31) per share. Excluding certain tax impacts, adjusted net income was $49 million, or $0.36 per share. Total operating revenue rose 14% to $4.3 billion, driven by strong underlying commercial momentum despite a significant fuel headwind. The company also announced its intent to join the Atlantic and Pacific Joint International Businesses with oneworld and global partners, and plans new international service from Seattle. For the fourth quarter, capacity is expected to grow 1% to 1.5% with unit revenue increasing in the low double digits. The full-year adjusted loss per share forecast was revised to ($5.50) to ($5.00).
Key Highlights
- Alaska Air Group reported Q3 2026 GAAP net loss of $147 million, or ($1.32) per share.
- Adjusted net loss for Q3 2026 was $35 million, or ($0.31) per share.
- Adjusted net income, excluding certain tax impacts, was $49 million, or $0.36 per share.
- Total operating revenue increased 14% year-over-year to $4.3 billion.
- Announced intent to join the Atlantic and Pacific Joint International Businesses with oneworld and global partners.
- New service to Osaka and Papeete expands Seattle's nonstop international network.
- Q4 2026 forecast expects capacity growth of 1% to 1.5% and unit revenue increase in the low double digits.
- Full-year 2026 adjusted loss per share is now expected between ($5.50) and ($5.00).
Price Impact
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