Oct 20, 5:09 PM ET
Alaska Air Group reported a third-quarter GAAP net loss of $147 million, or $1.32 per share, compared with net income of $73 million a year earlier, while total operating revenue rose 14% to $4.3 billion. The company now expects a full-year 2026 adjusted loss of $5.00 to $5.50 per share, including $1.8 billion of fuel expense above its plan, which points to continued pressure on shareholder earnings.
- GAAP net loss of $147 million, or $1.32 per share, versus net income of $73 million in Q3 2025
- Adjusted net loss of $35 million, or $0.31 per share; $0.36 per share excluding a $75 million tax adjustment
- Full-year 2026 adjusted loss per share guidance of ($5.50) to ($5.00), including $1.8 billion of fuel expense above plan
- Q4 2026 adjusted loss per share guidance of ($2.50) to ($2.00), assuming fuel of $4.65 to $4.85 per gallon
Read the filing on SEC.gov ↗
Jul 21, 4:30 PM ET
Alaska Air Group reported a second-quarter 2026 GAAP net loss of $76 million, or $0.68 per share, compared with net income of $172 million a year earlier, as aircraft fuel cost $4.43 per gallon, up 85% year-over-year. Total operating revenue rose 10% to $4.1 billion, and the company guided to third-quarter adjusted earnings per share of $0.00 to $1.00, so shareholders face a weaker quarter in profit terms but a guided improvement ahead.
- Q2 total operating revenue rose 10% year-over-year to $4.1 billion; GAAP net loss was $76 million, or $0.68 per share, versus net income of $172 million in Q2 2025.
- Adjusted net loss was $102 million, or $0.92 per share; the company cited $600 million of incremental fuel cost in the quarter.
- Q3 2026 guidance: adjusted earnings per share of $0.00 to $1.00, unit revenue up low double digits year-over-year, and economic fuel cost of $3.75 per gallon.
- The company raised $1 billion in financing in Q2, including $500 million of 6.5% senior unsecured notes, and reported $3.8 billion in available liquidity at June 30, 2026.
Read the filing on SEC.gov ↗
Jun 17, 12:46 PM ET
Alaska Air Group's board elected CFO Shane Tackett president of Alaska Airlines, effective June 29, 2026, while he keeps the CFO role and takes over the airline's commercial division. The filing also raises his annual base salary to $692,804 from $659,813 and sets his long-term incentive target at $3,000,000, which gives shareholders a clearer view of the company's senior leadership and pay structure.
- Shane Tackett elected president of Alaska Airlines effective June 29, 2026, and continues as CFO of AAG and Alaska Airlines
- Commercial division, led by Chief Commercial Officer Andrew Harrison, moves under Tackett's responsibilities
- Base salary raised from $659,813 to $692,804; target annual cash incentive raised from 100% to 105% of base salary
- Long-term incentive target set at $3,000,000; equity grant value to be set in February 2027
Read the filing on SEC.gov ↗
Jun 3, 12:00 PM ET
Alaska Air Group's board appointed G. Michael Sievert, former CEO of T-Mobile, as a director effective June 1, 2026, increasing the board from 10 to 11 seats. The filing states that he qualifies as an independent director and will also serve on the boards of Alaska Airlines and Horizon Air Industries, which gives shareholders a new board member with a background in large-scale consumer businesses.
- Appointed June 1, 2026, effective immediately; board seats increased from 10 to 11.
- Received a prorated annual cash retainer of $85,320 through the next annual meeting, plus a stock grant valued at $189,590.
- Will serve on the board's Safety and Innovation Committees and on the boards of Alaska Airlines, Inc. and Horizon Air Industries, Inc.
- Per the press release, T-Mobile's market value rose from about $60 billion to about $260 billion during Sievert's time as CEO.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.