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Alaska Air Group, Inc.

ALK · Industrials

Last earnings Oct 20, 2026

Key results

GAAP net incomequarter

$0.62

Air Group reported third quarter Generally Accepted Accounting Principles (GAAP) pretax margin of 2.9% and a GAAP net income per share of $0.62.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

EPSquarter

$1.05

Our third quarter adjusted pretax margin was 4.6% and our adjusted earnings per share was $1.05.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

These achievements represent significant progress in building the infrastructure to support Air Group s future growth and profitability, and deliver on our Alaska Accelerate goal of $10 earnings per share in 2027 enabled by $1 billion in incremental profit.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Revenuequarter

5%

Our diverse revenue streams continued to deliver with premium revenue increasing 5%, year-over-year, cargo revenue increasing 27% year-over-year, and our loyalty program cash remuneration increasing 8% year-over-year.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Net incomequarter

$236 million

net income of $236 million, or $1.84 per share, for the third quarter of 2024, which includes Hawaiian results from September 18, 2024 onward.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

net income of $289 million, or $2.25 per share, for the third quarter of 2024, which includes Hawaiian results from September 18, 2024 onward.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Unit revenuequarter

1.4%

Unit revenue increased 1.4% in Q3 2025, continuing to lead the industry as the inflection in demand that began in July persisted throughout the quarter, including a significant rebound in corporate traffic.

SEC original ↗Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 24, 2025

Premium revenuequarter

5%

Premium revenue up 5% ~ 70% of 737 premium seat retrofits completed Announced Starlink Wi -Fi installations to begin this winter, bringing Atmos Rewards members free, unmatched connectivity Officially announced SAN lounge, construction to begin early 2027 Launched combined single loyalty platform

SEC original ↗Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 24, 2025

AI analysis

Q3 2025 · reported Oct 24, 2025

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

EPS · Q3 2025
$1.05
EX-99 · Oct 24, 2025
Net income · Q3 2025
$236M
EX-99 · Oct 24, 2025
GAAP net income · Q3 2025
$0.62
EX-99 · Oct 24, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
GAAP net income$0.62——
EPS$1.05——
Revenue5%——
Net income$236 million——
Unit revenue1.4%——
Premium revenue5%——

EX-99 · Oct 24, 2025

Guidance · company-stated

Direction: Raised

Company outlook — Raised

“This increase is at the high end of prior guidance, primarily due to elevated recovery costs from the IT outage that resulted in irregular operations in July and several weeks of challenging weather.”

Revenue — Raised

“Fourth Quarter and Full Year Forecast Information We anticipate fourth quarter unit revenue to increase low single digits year-over-year, building on last year s solid performance.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Repurchased 10.6 million shares for approximately $540 million for the nine months ended September 30, 2025.

(c) Includes special items, mark-to-market fuel hedge accounting adjustments, and gain and losses on foreign debt.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Our third quarter adjusted pretax margin was 4.6% and our adjusted earnings per share was $1.05

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

Guidance & outlook

Direction: Raised

Company outlook — Raised (“increase”)
“This increase is at the high end of prior guidance, primarily due to elevated recovery costs from the IT outage that resulted in irregular operations in July and several weeks of challenging weather.”

Revenue — Raised (“increase”)
“Fourth Quarter and Full Year Forecast Information We anticipate fourth quarter unit revenue to increase low single digits year-over-year, building on last year s solid performance.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Repurchased 10.6 million shares for approximately $540 million for the nine months ended September 30, 2025.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

(c) Includes special items, mark-to-market fuel hedge accounting adjustments, and gain and losses on foreign debt.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Air Group s balance sheet remains strong, with debt -to-cap at 60%, and adjusted net debt to EBITDAR at 2.6x.

SEC original ↗Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 24, 2025

Strategy & priorities

Q3 2025 Results Prior Expectation Actual Results Capacity (ASMs) % change versus pro forma 2024 Down (1.0)% Down (0.7)% RASM % change versus pro forma 2024 Flat to up low single digits Up 1.4% CASMex % change versus pro forma 2024 Up mid to high single digits Up 8.6% Adjusted earnings per share $1.00 to $1.40 $1.05 Air Group continued to advance its Alaska Accelerate strategy during the quarter, achieving several key integration milestones.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Commercial initiatives and synergy capture remained on track for the third consecutive quarter.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Announced San Diego lounge expansion plans to begin construction in early 2027, including a 13,000 square-foot space.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Launched the combined Alaska Airlines Hawaiian Airlines Foundation, dedicated to investing in nonprofit organizations focused on communities across the states of Alaska and Hawai'i.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

News World Report Most Innovative Airline Initiative #1 ranking from Future Travel Experience 2025 World s Best Awards for Best Domestic Airline Travel + Leisure.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Risks & headwinds

Fuel costs are expected to remain a headwind due to ongoing volatility in West Coast refining costs.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

These statements relate to future events and involve known and unknown risks and uncertainties that may cause actual outcomes to be materially different from those indicated by our forward-looking statements, assumptions or beliefs.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

For a discussion of risks and uncertainties that may cause our forward-looking statements to differ materially, see Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Some of these risks include competition, labor costs, relations and availability, general economic conditions, increases in operating costs including fuel, uncertainties regarding the ability to successfully integrate the operations of the recently completed acquisition of Hawaiian Holdings, Inc.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Costs in 2024 were associated with new labor agreements, the retirement of Alaska's Airbus and Horizon's Q400 aircraft, and certain litigation items.

SEC original ↗Alaska Air Group, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

These statements relate to future events and involve known and unknown risks and uncertainties that may cause actual outcomes to be materially different from those indicated by our forward - looking statements, assumptions or beliefs .

SEC original ↗Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 24, 2025

Documents

Earnings deck slides

0 decks with slide view

Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alaska Air Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

RELX (RELX) IndustrialsThomson Reuters (TRI) IndustrialsFedEx (FDX) IndustrialsVertiv (VRT) IndustrialsCanadian National Railway (CNI) IndustrialsAerCap Holdings (AER) IndustrialsCanadian Pacific Kansas City (CP) IndustrialsGeneral Dynamics (GD) Industrials

Filings

36 documents

Earnings releases

12 documents

Presentations

8 documents

Transcripts

0 documents

No transcripts for Alaska Air Group, Inc. are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Alaska Air Group, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.