

Positive results from the VOLGA Phase III trial showed perioperative treatment with AstraZeneca's IMFINZIÂ (durvalumab) in combination with neoadjuvant enfortu

Landmark results from the DeLLphi-305 Phase III trial showed IMFINZIÂ (durvalumab) plus Amgen's tarlatamab-dlle demonstrated a statistically significant and hi

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.

Alaska Air beats Q3 earnings estimates on strong yields and revenue growth, but surging fuel costs squeeze profits and weigh on its Q4 outlook.