Quarterly ResultJul 21, 2026, 04:33 PM
Alaska Air Group Reports Q2 Net Loss of $76M; Forecasts Q3 Profit
AI Summary
Alaska Air Group reported a GAAP net loss of $76 million, or $0.68 per share, for the second quarter of 2026, primarily due to an 85% year-over-year increase in fuel costs to $4.43 per gallon. Despite the fuel headwind, total revenue grew 10% to $4.1 billion, and the company achieved significant operational milestones including the completion of a single passenger service system for Alaska and Hawaiian Airlines and the launch of new international routes. Looking ahead, the company expects a meaningful inflection in financial performance, forecasting Q3 adjusted earnings per share between $0.00 and $1.00, with low double-digit RASM growth and low to mid-single-digit CASMex increase.
Key Highlights
- Reported Q2 GAAP net loss of $76 million, or $0.68 per share.
- Total revenue for Q2 grew 10% year-over-year to $4.1 billion.
- Q2 economic fuel cost was $4.43 per gallon, an 85% increase year-over-year.
- Forecasts Q3 adjusted earnings per share between $0.00 and $1.00.
- Completed single passenger service system for Alaska and Hawaiian Airlines.
- Expanded international service with new transatlantic flights to Rome, London, and Reykjavík.
- Raised $1 billion in financing during Q2 to bolster liquidity.
- Shane Tackett elected President and Chief Financial Officer of Alaska Airlines.
Price Impact
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