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Alaska Air Group Earnings Calls
| Release date | Apr 20, 2026 |
| EPS estimate | -$1.65 |
| EPS actual | -$1.68 |
| EPS Surprise | -1.82% |
| Revenue estimate | 3.295B |
| Revenue actual | 3.3B |
| Revenue Surprise | 0.166% |
| Release date | Jan 22, 2026 |
| EPS estimate | $0.110 |
| EPS actual | $0.430 |
| EPS Surprise | 290.91% |
| Revenue estimate | 3.642B |
| Revenue actual | 3.632B |
| Revenue Surprise | -0.282% |
| Release date | Oct 23, 2025 |
| EPS estimate | $1.09 |
| EPS actual | $1.05 |
| EPS Surprise | -3.67% |
| Revenue estimate | 3.757B |
| Revenue actual | 3.766B |
| Revenue Surprise | 0.233% |
| Release date | Jul 23, 2025 |
| EPS estimate | $1.56 |
| EPS actual | $1.78 |
| EPS Surprise | 14.10% |
| Revenue estimate | 3.751B |
| Revenue actual | 3.704B |
| Revenue Surprise | -1.26% |
Last 4 Quarters for Alaska Air Group
Below you can see how ALK performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 23, 2025 |
| Price on release | $53.88 |
| EPS estimate | $1.56 |
| EPS actual | $1.78 |
| EPS surprise | 14.10% |
| Date | Price |
|---|---|
| Jul 17, 2025 | $53.12 |
| Jul 18, 2025 | $53.15 |
| Jul 21, 2025 | $52.61 |
| Jul 22, 2025 | $53.06 |
| Jul 23, 2025 | $53.88 |
| Jul 24, 2025 | $50.83 |
| Jul 25, 2025 | $52.16 |
| Jul 28, 2025 | $54.33 |
| Jul 29, 2025 | $54.15 |
| 4 days before | 1.43% |
| 4 days after | 0.501% |
| On release day | -5.66% |
| Change in period | 1.94% |
| Release date | Oct 23, 2025 |
| Price on release | $46.63 |
| EPS estimate | $1.09 |
| EPS actual | $1.05 |
| EPS surprise | -3.67% |
| Date | Price |
|---|---|
| Oct 17, 2025 | $47.31 |
| Oct 20, 2025 | $48.50 |
| Oct 21, 2025 | $49.01 |
| Oct 22, 2025 | $47.68 |
| Oct 23, 2025 | $46.63 |
| Oct 24, 2025 | $43.77 |
| Oct 27, 2025 | $44.78 |
| Oct 28, 2025 | $43.00 |
| Oct 29, 2025 | $41.77 |
| 4 days before | -1.44% |
| 4 days after | -10.42% |
| On release day | -6.13% |
| Change in period | -11.71% |
| Release date | Jan 22, 2026 |
| Price on release | $48.86 |
| EPS estimate | $0.110 |
| EPS actual | $0.430 |
| EPS surprise | 290.91% |
| Date | Price |
|---|---|
| Jan 15, 2026 | $49.66 |
| Jan 16, 2026 | $50.04 |
| Jan 20, 2026 | $47.60 |
| Jan 21, 2026 | $48.96 |
| Jan 22, 2026 | $48.86 |
| Jan 23, 2026 | $50.87 |
| Jan 26, 2026 | $49.81 |
| Jan 27, 2026 | $51.80 |
| Jan 28, 2026 | $52.37 |
| 4 days before | -1.61% |
| 4 days after | 7.18% |
| On release day | 4.11% |
| Change in period | 5.46% |
| Release date | Apr 20, 2026 |
| Price on release | $43.54 |
| EPS estimate | -$1.65 |
| EPS actual | -$1.68 |
| EPS surprise | -1.82% |
| Date | Price |
|---|---|
| Apr 14, 2026 | $42.62 |
| Apr 15, 2026 | $42.54 |
| Apr 16, 2026 | $41.15 |
| Apr 17, 2026 | $45.40 |
| Apr 20, 2026 | $43.54 |
| Apr 21, 2026 | $41.45 |
| Apr 22, 2026 | $40.78 |
| Apr 23, 2026 | $41.16 |
| Apr 24, 2026 | $41.59 |
| 4 days before | 2.16% |
| 4 days after | -4.48% |
| On release day | -4.80% |
| Change in period | -2.42% |
Alaska Air Group Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Q1 results: Alaska Air Group reported a GAAP net loss of $193M (adjusted loss $192M). Total revenues were $3.3B, up 5% YoY. Unit revenues rose 3.5% YoY despite regional disruptions (Hawaii storms, Puerto Vallarta unrest).
- Fuel shock and near-term outlook: A sharp, geopolitically driven fuel-price spike materially hurt results. Management said fuel was ~$100M higher in Q1 and expects incremental fuel costs of roughly $600M+ in Q2. Because of volatility, the company suspended full-year guidance and provided a Q2 unit-revenue/unit-cost view; management estimates Q2 EPS of about a $1 loss under current forward fuel curves and recovery assumptions.
- Demand and revenue durability: Core demand remains resilient (premium cabin demand +8% YoY; managed corporate travel +19% YoY). New long‑haul international routes (Seattle–Tokyo, Seoul, Rome, London, Reykjavik) are ramping; Seattle–Tokyo reached profitability within a year. Premium retrofits (>90% complete) and free Starlink on regionals are boosting guest satisfaction and premium revenue.
- Loyalty and commercial wins: Atmos Rewards membership and co‑brand card revenue are growing (co‑brand cash remuneration $615M in Q1, +12% YoY; Atmos members +13% YoY). A long‑term, single‑issuer deal with Bank of America secures an incremental ~$1B in cash remuneration through 2030 and management expects roughly +0.5 points margin in 2026 and +1 point in 2027 from the deal (with additional upside from portfolio growth).
- Integration progress and structural positioning: The company completed its final major integration milestone (single passenger service system cutover) and Hawaiian Airlines joined oneworld. Management argues integration friction is largely behind them, unlocking cross-brand product, loyalty and network benefits.
- Costs, liquidity and capital allocation: Q1 CASM ex-fuel rose 6.3% YoY; Q2 unit cost expected ~1.5 points above Q1 (some near‑term transitory items: crew training for 787 ramp, asset-sale laps, employee recognition). Liquidity ~ $2.9B; net leverage 3.3x; share repurchases accelerated earlier in the year ($250M YTD) but repurchases are paused with $180M remaining under authorization.
- Long-term target and conviction: Management reiterated conviction in the Alaska Accelerate strategy and the long-term $10 EPS target, while acknowledging timing may shift given the current fuel/demand volatility. They emphasize scale, loyalty, premium revenue and international expansion as drivers of durable earnings.
