secwatch.observer — SEC 8-K summary
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Issuer:     ALASKA AIR GROUP, INC. (ALK)
CIK:        0000766421
Form:       8-K
Filed at:   2026-01-22T23:59:59+00:00
Accession:  0000766421-26-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766421/000076642126000007/0000766421-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766421/000076642126000007/alk-20260122.htm
  HTML page:      https://secwatch.observer/filing/0000766421-26-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer