Alaska Air sees Q3 adj. EPS at low end of $1.00-$1.40 on higher fuel, ops costs

ALASKA AIR GROUP, INC.

Economic fuel price raised to $2.50-$2.55/gal from ~$2.45 due to West Coast refinery disruptions.
July IT outage still expected to cost ~$0.10 EPS impact, now tilted more to cost than revenue.
Unit revenue near high end of guidance (flat to low-single-digit growth); yields positive YoY in August.
Premium cabin strength and double-digit corporate revenue rebound since Q2 2025.
Atmos Rewards launch on Aug 20 set record media impressions; credit card sign-ups exceeded year-end target within two weeks.

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