Alaska Air Group Inc SEC Filings

Victory Capital Management, Inc. filed a Schedule 13G/A (Amendment No. 3) reporting beneficial ownership of 57,715 shares of Alaska Air Group (ALK) common stock, representing 0.05% of the class as of 09/30/2025.

The filer reports sole voting power over 57,715 shares and sole dispositive power over 57,715 shares, with no shared voting or dispositive power. The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Alaska Air Group (ALK) received a Schedule 13G/A (Amendment No. 2) from Victory Capital Management, Inc. reporting beneficial ownership of 57,715 shares of common stock, equal to 0.05% of the class as of 09/30/2025.

Victory, classified as an investment adviser, reports sole voting and sole dispositive power over 57,715 shares, with no shared power. The filer certified the position was acquired and is held in the ordinary course and not to change or influence control of the issuer.

Alaska Air Group reported an IT outage on October 23, 2025 that disrupted operations and prompted a temporary ground stop for Alaska and Horizon. The ground stop has been lifted, and the company is working to address operational impacts from the disruption.

The third-quarter conference call scheduled for October 24, 2025 at 11:30 a.m. EDT will not be held. The company stated it does not yet have an estimate of the financial impact on fourth-quarter results.

Alaska Air Group (ALK) furnished Q3 2025 results and outlook materials. The company announced a press release reporting third-quarter 2025 financial results and provided additional supplemental materials. It also shared financial and operational outlook information under Regulation FD.

The press release and supplemental materials were furnished as Exhibits 99.1 and 99.2. As stated, this information is furnished and not deemed filed under the Exchange Act, nor incorporated by reference unless expressly specified.

Insider transaction summary for ALK: Kyle B. Levine, an executive serving as EVP Corporate Public Affairs & Chief Legal Officer, reported two changes in his Alaska Air Group holdings. He disposed of 20,917 shares of common stock and was granted 630 restricted stock units (RSUs) that convert one-for-one into common shares and vest in three equal annual installments of 210 shares on September 29 of 2026, 2027 and 2028. Following these transactions, the reporting form shows 630 shares of common stock beneficially owned from the RSUs. The RSUs carry $0 per-share exercise/price because they are time-based awards.

Insider transaction summary for ALK: Diana Birkett Rakow, Executive Vice President of Public Affairs and Sustainability at Alaska Air Group, reported a sale of 18,257 shares of common stock on 09/29/2025. The filing also reports acquisition by vesting of 940 restricted stock units (RSUs) that convert one-for-one into common stock and vest in three annual installments: 313 shares on 09/29/2026, 313 on 09/29/2027 and 314 on 09/29/2028. Following the reported sale, the filing shows 18,257 shares were disposed and 940 RSUs remain reported as derivative holdings that will convert to common stock when vested.

Alaska Air Group announced leadership changes at Alaska Airlines. Constance von Muehlen, current executive vice president and chief operating officer, will retire effective February 15, 2026, and will serve as Advisor to the COO from November 3, 2025 to February 15, 2026 to support transition work related to the Alaska–Hawaiian integration. The Board elected Jason Berry, age 48 and a 30-year industry veteran, as executive vice president and COO effective November 3, 2025; he will continue to lead the cargo division and relinquish his role as president of Horizon Air, succeeded by Andrea Schneider. The Compensation Committee set Mr. Berry's base salary at $525,000, maintained a target annual cash incentive at 85% of base, and set a long-term incentive award target of $1,600,000 (his Feb 2025 equity award had grant date value $1,250,000).

Jason M. Berry, EVP AAG Cargo & President Horizon at Alaska Air Group (ALK), reported transactions on Form 4 showing vesting and related withholding of restricted stock units on September 23, 2025. 2,010 RSUs vested, converting to 2,010 shares issued at no cash price, and 805 shares were disposed (withheld) to satisfy tax withholding at an indicated price of $54.14 per share. After these transactions the filing shows 5,432 shares beneficially owned by Mr. Berry (down from 5,939 reported immediately following the grant/vesting). The filing also notes he acquired 298 shares under the Employee Stock Purchase Plan on April 30, 2025.

Alaska Air Group reported operational pressures from higher West Coast refining margins, raising its expected economic fuel price to $2.50–$2.55 per gallon from about $2.45, and said ongoing irregular operations increased costs for overtime, premium pay and passenger compensation. The company now expects the July IT outage to carry an approximately $0.10 per share EPS impact, weighted more toward costs than lost revenue. Despite these headwinds, unit revenue is tracking near the high end of prior guidance (flat to low-single-digit growth), yields turned positive in August, corporate revenue is up double digits since Q2 2025, and the Atmos Rewards loyalty launch on August 20 produced record media impressions and exceeded the premium credit card sign-up target within two weeks. Q3 book tax rate is expected to be ~30% while cash taxes remain negligible.