Every material Form 8-K Alaska Air filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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.
Alaska Airlines issued and sold $500 million of 6.500% senior notes maturing June 1, 2031, fully guaranteed by Alaska Air Group. The company also added a $500 million senior secured term loan backed by Atmos Rewards loyalty program collateral, which increases the company's borrowing and the claims on that collateral.
$500 million of 6.500% senior notes issued May 12, 2026, maturing June 1, 2031, with semiannual interest starting December 1, 2026
Notes are callable before December 1, 2030 at the greater of par or a make-whole price at Treasury plus 50 basis points
$500 million incremental senior secured term loan at Term SOFR plus 2.00%, secured by Atmos Rewards loyalty collateral
Holders of the notes may require repurchase at 101% of principal upon specified changes of control
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.
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
Alaska Air Group reported fourth-quarter and full-year 2025 results on January 22, 2026. Fourth-quarter revenue rose 3% to $3.6 billion, and adjusted EPS of $0.43 beat the company's prior expectation of about $0.10, but both GAAP and adjusted EPS fell sharply from a year earlier. The company guided to full-year 2026 adjusted EPS of $3.50 to $6.50 and a first-quarter adjusted loss of $0.50 to $1.50 per share.
Q4 2025 GAAP net income was $21 million, or $0.18 per share, versus $71 million, or $0.55 per share, in Q4 2024.
Q4 2025 adjusted EPS was $0.43, versus $0.97 a year earlier and the company's prior expectation of about $0.10.
Full-year 2025 adjusted EPS was $2.44, versus $4.87 in 2024; the company repurchased 11.3 million shares for $570 million in 2025.
2026 guidance: full-year adjusted EPS of $3.50 to $6.50; first-quarter adjusted EPS of ($1.50) to ($0.50).
Alaska Airlines finalized an order with Boeing for 53 incremental 737-10 aircraft and exercised 52 737-10 options, plus five 787 options, all dated December 31, 2025. The company also added options for 35 more 737-10 aircraft, and the filing does not disclose a purchase price. The deliveries extend Alaska's aircraft delivery stream through 2035 and support its fleet growth plans.
53 incremental and 52 option 737-10 aircraft scheduled for delivery between 2028 and 2035
Five 787 option aircraft exercised for delivery between 2031 and 2032
35 additional 737-10 option aircraft added to the purchase agreement
Company plans to file the supplemental agreements with its 2025 Form 10-K
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Alaska Air filing is on SEC EDGAR ↗. 8-K briefs of other companies →