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AI brief of an SEC Form 8-K · Alaska Air (ALK)

Alaska Air Group Q1 GAAP net loss widens to $166 million; revenue rises 41%

Mixed Impact 3 of 5 earnings Written later

Alaska Air Group reported a first-quarter 2025 GAAP net loss of $166 million, or $1.35 per share, up from $132 million a year earlier; the figures include Hawaiian Airlines, which was not in the 2024 results. Adjusted net loss narrowed to $95 million ($0.77 per share) from $116 million, but came in below the company's own expected range of $(0.70) to $(0.50) per share. The company guided second-quarter adjusted EPS to $1.15 to $1.65 and did not update full-year 2025 guidance, citing economic uncertainty.

Key points

  • GAAP net loss of $166 million ($1.35 per share) vs. $132 million ($1.05 per share) in Q1 2024
  • Adjusted net loss of $95 million ($0.77 per share) vs. $116 million ($0.92 per share) in Q1 2024; prior expectation was $(0.70) to $(0.50) per share
  • Total operating revenue of $3.1 billion, up 41% reported and up 9% on a combined basis
  • Q2 2025 adjusted EPS guidance of $1.15 to $1.65; full-year 2025 guidance not updated

The filing

CompanyAlaska Air (ALK)
Form8-K, current report
Filed with the SECApr 23, 2025, 5:21 PM ET
Accession number0000766421-25-000012

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.