---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-26-000012"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2026-03-30T23:59:59+00:00"
generated_at: "2026-05-15T08:29:39.515815+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Alaska Air expects Q1 adjusted loss of ($2.00)-($1.50) per share; fuel headwind at least $0.70

## Summary
- Q1 2026 adjusted loss per share expected ($2.00)-($1.50); would have exceeded original guidance midpoint absent fuel, Mexico, and Hawaii issues.
- Fuel cost headwind driven by surging Singapore refining margins (~400% since early Feb); economic fuel price now $2.90-$3.00/gal.
- Mexico unrest (Puerto Vallarta) and historic flooding in Hawaii disrupt ~30% of capacity; impact seen in March and April.
- Managed corporate demand strong: forward bookings next 90 days up >25% YoY; Q2 yields and load factors up YoY.
- 55% of Q2 revenue still to come; company positioned for peak travel periods.

## SEC filing metadata
- accession: 0000766421-26-000012
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2026-03-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642126000012/0000766421-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642126000012/alk-20260330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-26-000012
- JSON: https://secwatch.observer/filing/0000766421-26-000012.json
- Plain text: https://secwatch.observer/filing/0000766421-26-000012.txt

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