Alaska Air Q2 FY26 swings to USD 76 million net loss; revenue rises 10% to USD 4.1 billion
ALK•Q3 outlook
Outlook calls for Q3 adjusted EPS of USD 0.00 to USD 1.00 on RASM up low double digits, with fuel assumed at USD 3.75 per gallon.
Q2 results swing to loss
Alaska Air Group posted a Q2 net loss of USD 76 million, or USD 0.68 per share, swinging from net income a year earlier.
Revenue rose 10% year-over-year to USD 4.1 billion, while GAAP pretax margin fell to (5.3)%.
Fuel costs and unit trends
Economic fuel cost climbed 85.4% year-over-year to USD 4.43 per gallon, driving USD 600 million of incremental fuel expense.
Unit revenue increased 8.6% year-over-year, while non-fuel unit costs rose 6.5% on 1% capacity growth.
