Alaska Air Q1 FY26 pretax loss widens to $317 million; revenue rises 5% to $3.3 billion

Alaska Air Group, Inc.

Alaska Air Group, Inc.

ALK

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  • Alaska Air Group swung to a net loss of $193 million, or $1.69 per share, as loss before income tax widened to $317 million.
  • Revenue rose 5% to $3.3 billion, led by a 25% climb in cargo and other revenue to $153 million.
  • Operating expenses increased 7% to $3.58 billion, with aircraft fuel up 17% to $796 million on higher per-gallon costs.
  • Load factor slipped 1.1 percentage points to 80.2% as capacity grew 1.7% to 21.57 billion ASMs.
  • Quarter included a multi-year extension and expanded partnership with Bank of America, an amended Amazon ATSA agreement, and April rollout of a single passenger service system across Alaska and Hawaiian; Hawaiian also joined the oneworld alliance in April.


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