ALK Alaska Air Group, Inc.

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Alaska Air Group Beat Expectations, Guides Below Estimates

Tuesday, October 20, 2026 · 5:30 PM ET

Alaska Air Group (ALK) reported earnings of $0.36 per share on revenue of $4.31 billion for the third quarter ended September 2026. The consensus earnings estimate was $0.35 per share on revenue of $4.31 billion. The Earnings Whisper number was $0.34 per share. The company beat expectations by 5.88% while revenue grew 14.39% on a year-over-year basis.

The company said it expects a fourth-quarter loss of $2.50 to $2.00 per share. The current consensus estimate is a loss of $1.17 per share for the quarter ending December 31, 2026.

Alaska Air Group Inc through its subsidiaries, provides passenger air, freight and mail services within the state of Alaska and on the West Coast.

Earnings Whisper Grade
Power Rating
Reported Earnings
$0.36
Earnings Whisper®
$0.34
Consensus Estimate
$0.35
Earnings Surprise
Earnings Growth-65.7 %
Reported Revenue
$4.31B
Revenue Estimate
$4.31B
Revenue Surprise
Revenue Growth14.4 %

*Reported earnings and revenue figures shown above, and any guidance given, are preliminary and may be updated upon further review.*

Alaska Air Group reports third quarter 2026 results

Tuesday, October 20, 2026 · 5:30 PM ET ALK

Reported loss per share of ($1.32), and adjusted earnings per share, excluding certain tax impacts, of $0.36 Announced intent to join the Atlantic and Pacific Joint International Businesses with oneworld and global partners New service to Osaka and Papeete expands Seattle's nonstop international network to 9 of 15 planned routes by 2030

SEATTLE — Alaska Air Group (NYSE: ALK) today reported financial results for the third quarter ending September 30, 2026. "At Investor Day, we laid out a clear strategy for building a stronger, more diversified business, and we're executing it: growing premium, international, cargo and Atmos Rewards, and investing in the guest experience,” said Alaska Air Group CEO Ben Minicucci. “Those are the things that earn guest loyalty, diversify our revenue and ultimately drive stronger earnings. While we’re not satisfied with this quarter’s result or the $1.8 billion fuel headwind this year, we are confident in our ability to execute on the things we can control, including increasing the spread between unit revenue and unit costs excluding fuel." Quarter in Review: Air Group reported third quarter Generally Accepted Accounting Principles (GAAP) pretax margin of 0.4% and GAAP net loss of ($147) million, or ($1.32) per share. Air Group's third quarter adjusted pretax margin was 1.1% and adjusted net loss was ($35) million, or ($0.31) per share. Excluding certain tax impacts, Air Group's third quarter adjusted net income was $49 million, or $0.36 per share.

For the full earnings release, please go here.