secwatch.observer — SEC 8-K summary
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Issuer:     ALASKA AIR GROUP, INC. (ALK)
CIK:        0000766421
Form:       8-K
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0000766421-26-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alaska Air Group Q1 adjusted loss $1.68/sh; extends BofA card deal
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- GAAP net loss $193M ($1.69/sh); adjusted loss $192M ($1.68/sh). Revenue $3.3B, unit rev +3.5% YoY.
- Higher fuel costs ($2.98/gal) and demand disruptions from Hawaii storms and Mexico civil unrest impacted results.
- Extended multi-year BofA co-brand card deal; BofA to become single issuer; incremental remuneration growth expected.
- Balance sheet: $20B unencumbered assets, $2.9B liquidity; repurchased 4.7M shares for $203M in Q1.
- Q2 outlook: adj loss ~$1.00/sh, fuel $4.50/gal; full-year guidance suspended due to fuel volatility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766421/000076642126000015/0000766421-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766421/000076642126000015/alk-20260420.htm
  HTML page:      https://secwatch.observer/filing/0000766421-26-000015

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