secwatch.observer — SEC 8-K summary
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Issuer:     ALASKA AIR GROUP, INC. (ALK)
CIK:        0000766421
Form:       8-K
Filed at:   2026-07-21T20:30:28+00:00
Accession:  0000766421-26-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alaska Air Group reports Q2 net loss of $76M; fuel costs surge 85% YoY; Q3 EPS guidance $0.00-$1.00
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- GAAP net loss $76M ($0.68/share); adjusted net loss $102M ($0.92/share); revenue $4.1B (+10% YoY).
- Economic fuel cost $4.43/gal (+85% YoY) added $600M in incremental fuel expense; adjusted pretax margin -4.3%.
- Q3 guidance: capacity +2-3% YoY, RASM low double-digit growth, CASMex +low-mid single digits, fuel $3.75/gal, adjusted EPS $0.00-$1.00.
- Raised $1B in financing (6.5% senior notes + term loans); liquidity $3.8B; operating cash flow $606M in H1 2026.
- Operational: #1 on-time YTD, launched transatlantic service, completed single PSS integration, awarded 75k Atmos points to employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766421/000076642126000036/0000766421-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766421/000076642126000036/alk-20260721.htm
  HTML page:      https://secwatch.observer/filing/0000766421-26-000036

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