Alaska Air Group posts $193 million Q1 net loss and suspends full-year guidance
Alaska Air Group reported a first-quarter 2026 GAAP net loss of $193 million, or $1.69 per share, compared with a net loss of $166 million, or $1.35 per share, a year earlier, even though total operating revenue rose 5% to $3.3 billion. The company suspended full-year 2026 guidance because of fuel price volatility and gave an estimated second-quarter adjusted loss of approximately ($1.00) per share, which matters to shareholders because the filing shows higher costs and no current full-year earnings range.
Key points
- Q1 2026 GAAP net loss of $193 million, or $1.69 per share, versus a net loss of $166 million, or $1.35 per share, in Q1 2025
- Total operating revenue rose 5% to $3.3 billion; aircraft fuel cost per gallon averaged $2.98 versus $2.61
- Full-year 2026 guidance suspended; second-quarter adjusted loss per share estimated at approximately ($1.00)
- Revolving credit facility commitments increased from $850 million to $1.1 billion in April 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits 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 20, 2026.
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.