Alaska Air Group swung to a GAAP pretax loss of $214 million in Q2 2026 from a profit a year earlier.
GAAP net loss totaled $76 million, or $0.68 per share.
Revenue rose 9.7% to $4.07 billion, driven by an 8.6% increase in RASM.
Aircraft fuel expense more than doubled to $1.31 billion on an 85.4% rise in fuel cost per gallon to $4.43.
Integration advanced with a single passenger service system rollout; the company also launched Seattle-Rome, Seattle-London Heathrow and Seattle-Reykjavik routes.
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