---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-26-000007"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T09:10:00.363850+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alaska Air beats Q4 with adj EPS $0.43; FY26 guidance $3.50-$6.50

## Summary
- Q4 2025 adj EPS $0.43 vs prior guidance of ~$0.10; revenue $3.6B; RASM +0.6% YoY.
- FY2025 adj EPS $2.44; operating cash flow $1.2B; repurchased 0.7M shares for $30M in Q4.
- Q1 2026 adj EPS loss guidance ($1.50)-($0.50); FY2026 adj EPS $3.50-$6.50 on capacity +2-3%.
- Achieved single operating certificate for Alaska-Hawaiian; placed largest fleet order (105 737-10, 5 787, options 35).
- Premium revenue +7% YoY; loyalty +12%; cargo +22%; managed corporate travel +9% in Q4.

## SEC filing metadata
- accession: 0000766421-26-000007
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642126000007/0000766421-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642126000007/alk-20260122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-26-000007
- JSON: https://secwatch.observer/filing/0000766421-26-000007.json
- Plain text: https://secwatch.observer/filing/0000766421-26-000007.txt

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