---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-25-000064"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2025-12-03T23:59:59+00:00"
generated_at: "2026-05-16T15:33:13.716231+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alaska Air Group slashes Q4 adjusted EPS guide to ~$0.10 from at least $0.40 on $0.55-0.60 in headwinds

## Summary
- IT and cloud outage in late Oct expected to reduce EPS by $0.25 from ~400 cancellations.
- Government shutdown caused ~600 cancellations and lost bookings, reducing EPS by $0.15.
- Higher economic fuel cost of ~$2.65/gal (vs prior $2.55 midpoint) adds $0.15 EPS headwind.
- Q4 tax rate now 40-50% (FY 2025 ~27%), contributing additional ~$0.10-0.15 EPS drag.
- Capacity (ASMs) expected up ~2% vs pro forma 2024; RASM up ~1%; CASMex up ~3%.

## SEC filing metadata
- accession: 0000766421-25-000064
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2025-12-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642125000064/0000766421-25-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642125000064/alk-20251203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-25-000064
- JSON: https://secwatch.observer/filing/0000766421-25-000064.json
- Plain text: https://secwatch.observer/filing/0000766421-25-000064.txt

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