Alaska Air Group Reports Q3 2026 Results
21 Oct 2026 · 9h ago
Summary
Alaska Air Group reported a third quarter 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 $0.36 per share. Total operating revenue increased 14% year-over-year to $4.3 billion, driven by a 11.7% increase in unit revenue (RASM). Despite a significant fuel headwind, the company is executing its strategy to build a stronger, more diversified business, focusing on premium, international, and cargo segments.
Key Highlights
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Alaska Air Group reported a third quarter GAAP net loss of ($147) million, or ($1.32) per share.
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The company reported an adjusted net loss of ($35) million, or ($0.31) per share, for the third quarter.
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Excluding certain tax impacts, Alaska Air Group's third quarter adjusted net income was $49 million, or $0.36 per share.
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Total operating revenue increased 14% year-over-year to $4.3 billion in the third quarter.
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Unit revenue (RASM) grew 11.7% year-over-year in the third quarter, driven by strong underlying commercial momentum.
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Premium revenue grew approximately 25% and represented more than 36% of total revenue in the third quarter.
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The company announced its intent to join the Atlantic and Pacific Joint International Businesses with oneworld and global partners.
Management Comments
Ben Minicucci
At Investor Day, we laid out a clear strategy for building a stronger, more diversified business, and we're executing it: growing premium, international, cargo and Atmos Rewards, and investing in the guest experience. Those are the things that earn guest loyalty, diversify our revenue and ultimately drive stronger earnings. While we’re not satisfied with this quarter’s result or the $1.8 billion fuel headwind this year, we are confident in our ability to execute on the things we can control, including increasing the spread between unit revenue and unit costs excluding fuel.
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