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Alaska Air Group, Inc. operates via its subsidiaries, providing comprehensive air transportation solutions for both passengers and freight. Its business is organized into three principal segments: Mainline, Regional, and Horizon. The airline extends its services to approximately 120 destinations throughout North America. Originally established in Seattle, Washington, in 1932, the company maintains its corporate base in that city.

US airlines favor higher fares over fuller planes as fuel costs squeeze profits

Alaska Air Group (NYSE: ALK) reported a third-quarter GAAP net loss of $147 million, or $1.32 per share, as elevated fuel costs weighed on profitability despite higher revenue and improving unit-revenue trends. Excluding special items and the impact of a revised tax rate, the company reported adjusted net income of $40 million, or $0.36 per share.

Alaska Air Group, Inc. ( ALK ) Q3 2026 Earnings Call October 21, 2026 11:30 AM EDT Company Participants Ryan St. John - Vice President of Finance, Planning & Investor Relations Benito Minicucci - President, CEO & Director and CEO of Alaska Airlines Andrew Harrison - Executive VP & Chief Commercial Officer of Alaska Airlines Inc Shane Tackett - CFO & President of Alaska Airlines Jason Berry - Executive VP & COO Conference Call Participants Michael Linenberg - Deutsche Bank AG, Research Division Ravi Shanker - Morgan Stanley, Research Division Jamie Baker - JPMorgan Chase & Co, Research Division John Godyn - Citigroup Inc., Research Division Savanthi Syth - Raymond James Ltd., Research Division Atul Maheswari - UBS Investment Bank, Research Division Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division Conor Cunningham - Melius Research LLC Catherine O'Brien - Goldman Sachs Group, Inc., Research Division Thomas Fitzgerald - TD Cowen, Research Division Brandon Oglenski - Barclays Bank PLC, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2026 Third Quarter Earnings Call.

Diversified revenues reached 54% of total mix in the third quarter. Premium traffic grew 24.5% year over year.

Alaska Air Group NYSE: ALK reported a third-quarter GAAP net loss of $147 million, or $1.32 per share, as elevated fuel costs weighed on profitability despite higher revenue and improving unit-revenue trends.