| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.3K | 5.2% |
| Total Income | 3.3K | 5.2% |
| Expenditure | 3.6K | 7.3% |
| PBT | -317.00 | 36.0% |
| Net Profit | -193.00 | 16.3% |
| OPM | -8.46% | 2.17pp |
| NPM | -5.85% | 0.56pp |
| EPS | -1.69 | 25.2% |
Alaska Air Group Reports Q1 2026 Results
21 Apr 2026 · 21 Apr, 2:25 am
Summary
Alaska Air Group reported financial results for the first quarter ending March 31, 2026. The company reported a GAAP net loss of $193 million, or $1.69 per share. First quarter revenue totaled approximately $3.3 billion, with unit revenue up 3.5% year-over-year. The company is leading the industry in on-time performance and generating loyalty growth with Atmos Rewards. Due to ongoing fuel price volatility, the company has suspended full-year guidance.
Key Highlights
- 1
Alaska Air Group reported first quarter GAAP net loss of $193 million, or $1.69 per share.
- 2
The first quarter revenue totaled approximately $3.3 billion, with unit revenue up 3.5% year-over-year.
- 3
Managed corporate travel increased 19% year-over-year, supported by an expanding global network.
- 4
Atmos Rewards membership and co‑brand credit card remuneration both grew double digits year-over-year.
- 5
Unit costs increased 6.3% year-over-year, in-line with expectations.
- 6
The company repurchased 4.7 million shares of common stock for $203 million in the first quarter.
- 7
The company increased total available commitments under the revolving credit facility from $850 million to $1.1 billion.
Management Comments
Ben Minicucci
Even in a volatile quarter, we’re seeing clear evidence that our long-term Alaska Accelerate plan is working. We’re leading the industry in on-time performance, achieving a significant integration milestone with a single reservation system, generating incredible loyalty growth with Atmos Rewards and driving strong international demand as we launch service to Europe. I’m confident in our people, our plan, and our future.
Ben Minicucci
Bank of America has been a foundational partner to Alaska’s growth over the last few decades. Together, they have helped us build the airline industry’s most generous and valuable loyalty program. Extending this partnership will mean even greater benefits for cardholders, taking them further as Alaska and Hawaiian expand across the globe.
Dean Athanasia
Alaska Air Group has been an exceptional partner for more than three decades, and this extension reflects our shared commitment to delivering meaningful value for cardholders. Together, we’re investing in innovation, enhancing the cardholder experience, and supporting the continued growth of the Atmos Rewards platform — while creating long term value for both companies.
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