Alaska Air Group reports third quarter 2026 results PR Newswire - Chinook Observer
Article excerpt
Reported loss per share of ($1.32), and adjusted earnings per share, excluding certain tax impacts, of $0.36 Announced intent to join the Atlantic and Pacific Joint International Businesses with one world and global partners New service to Osaka and Papeete expands Seattle's nonstop international network to 9 of 15 planned routes by 2030 SEATTLE, Oct. 20, 2026 /PRNewswire/ -- Alaska Air Group (NYSE: ALK) today reported financial results for the third quarter ending September 30, 2026. "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," said Alaska Air Group CEO Ben Minicucci. "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." Quarter in Review: Air Group reported third quarter Generally Accepted Accounting Principles (GAAP) pretax margin of 0.4% and GAAP net loss of ($147) million, or ($1.32) per share. Air Group's third quarter adjusted pretax margin was 1.1% and adjusted net loss was ($35) million...
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Revenue increased 14% year-over-year to $4.3 billion on 2.4% capacity growth, resulting in unit revenue growth of nearly 12%, despite Hawaiʻi headwinds, pressure from strategic growth markets investments, and rapid international expansion.