---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-25-000026"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:52:47.885498+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Alaska Air Q2 beats: adj EPS $1.78, record rev ~$3.7B; guides FY EPS >$3.25

## Summary
- GAAP net income $172M ($1.42/share); adjusted net income $215M ($1.78/share), above prior guidance of $1.15-$1.65.
- Record quarterly revenue over $3.7B; RASM down 0.6% YoY (pro forma); premium revenue +5% YoY; cargo +34% YoY.
- Hawaiian Airlines turned adj pretax margin positive for first time since 2019; contributed 11-point margin improvement.
- Q3 adjusted EPS guided at $1.00-$1.40; July IT outage expected to impact by ~$0.10; full-year FY EPS >$3.25.
- Repurchased 8.7M shares for $428M in Q2; first transatlantic route Seattle-Rome announced for May 2026.

## SEC filing metadata
- accession: 0000766421-25-000026
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642125000026/0000766421-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642125000026/alk-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-25-000026
- JSON: https://secwatch.observer/filing/0000766421-25-000026.json
- Plain text: https://secwatch.observer/filing/0000766421-25-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.