Every 8-K that Alaska Air Group, Inc. (ALK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ALK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALK filings page.
Alaska Air Group reported second quarter 2026 results with total operating revenue of $4,065 million, up 10% year over year on 1% capacity growth, but a GAAP net loss of $76 million or $(0.68) per diluted share. Adjusted net loss was $102 million, or $(0.92) per share, and GAAP pretax margin was (5.3)% with adjusted pretax margin of (4.3)%.
Economic fuel cost averaged $4.43 per gallon, up 85.4% year over year and adding $600 million of incremental fuel expense, driving operating expenses up 24% to $4,233 million. Non‑fuel unit costs (CASMex) rose 6.5% to 11.40¢, better than prior guidance. Unit revenue (RASM) increased 8.6%, supported by premium revenue up 15%, cargo revenue up 21%, and loyalty cash remuneration up 19%.
Operating cash flow for the first six months of 2026 was $606 million, and available liquidity totaled $3.8 billion, including $1 billion of new financing in the quarter. Debt‑to‑capitalization including leases rose to 65% and adjusted net debt to EBITDAR to 4.8x. For third quarter 2026, guidance calls for capacity up 2%–3%, low double‑digit RASM growth, CASMex up low to mid single digits, economic fuel cost of $3.75 per gallon, and adjusted earnings per share between $0.00 and $1.00.
Alaska Air Group announced that its board elected Shane Tackett as president of Alaska Airlines, effective June 29, 2026, while he continues to serve as chief financial officer of both Alaska Air Group and Alaska Airlines. He will add leadership of the airline’s commercial organization to his existing finance responsibilities.
In connection with the promotion, his annual base salary will increase from $659,813 to $692,804, and his target annual cash incentive under the Performance Based Pay Plan will rise from 100% to 105% of base salary. His long‑term incentive award target under the 2016 Performance Incentive Plan is set at $3,000,000, following a $2,700,000 equity grant in February 2026.
Alaska Air Group, Inc. appointed G. Michael (Mike) Sievert to its board of directors, effective June 1, 2026, and increased the board size from 10 to 11 seats. Sievert will serve on the Safety and Innovation Committees and on the boards of Alaska Airlines and Horizon Air.
As a non-employee director, he received a prorated annual cash retainer of $85,320 and a common-share grant under the 2016 Performance Incentive Plan with a grant value of $189,590, determined using the June 1, 2026 closing share price. The company highlighted Sievert’s track record leading T-Mobile and his ties to the Seattle business community, and confirmed he qualifies as an independent director under SEC and NYSE standards.
Alaska Air Group, Inc. held its Annual Meeting of Stockholders on May 12, 2026, where all 10 director nominees were elected to one-year terms expiring at the 2027 Annual Meeting. Support levels varied by nominee, with Benito Minicucci receiving 78,024,523 votes for and 1,189,270 against.
Stockholders also approved, on an advisory basis, the compensation of the Company’s Named Executive Officers, with 71,795,621 votes for and 7,301,516 against. In addition, they ratified the appointment of KPMG LLP as independent registered public accountants for fiscal year 2026, with 86,203,330 votes for and 6,241,500 against.
Alaska Air Group disclosed two major financing actions. Subsidiary Alaska Airlines issued and sold $500 million of 6.500% senior notes due 2031, fully and unconditionally guaranteed by the parent company. These notes pay interest semiannually each June 1 and December 1, starting December 1, 2026, and include make-whole redemption provisions before December 1, 2030 and a 101% change-of-control repurchase right.
Separately, indirect subsidiary AS Mileage Plan IP Ltd. added a new $500 million Incremental Term Loan Facility under its existing term loan agreement. This senior secured term loan bears interest at Term SOFR plus 2.00% and is secured on a first-priority basis by loyalty program collateral that also backs $1.25 billion of existing Loyalty Notes and a $750 million existing term loan facility.
Alaska Air Group is raising new debt through two related financings. Alaska Airlines has priced a private offering of $500 million aggregate principal amount of 6.5% senior notes due 2031, fully and unconditionally guaranteed on a senior unsecured basis by the parent company. An indirect subsidiary, AS Mileage Plan IP Ltd., also expects to add a further $500 million senior secured term loan tranche under its existing term loan facility, with closing of the financings targeted on or about May 12, 2026, subject to customary conditions.
The new term loan will be guaranteed by Alaska and certain affiliates and secured by collateral tied to the Atmos Rewards customer loyalty program, on a first‑priority basis shared with existing $625 million 5.021% senior secured notes due 2029 and $625 million 5.308% senior secured notes due 2031. Alaska intends to channel term loan proceeds through a reserve account and collection account, then make an intercompany loan so that combined proceeds from the loan and the notes can be used for general corporate purposes. The senior notes are being sold in a private offering to qualified institutional buyers under Rule 144A and to certain investors outside the United States under Regulation S, and will not be registered under the Securities Act.
Alaska Air Group, Inc. announced that subsidiary Alaska Airlines, Inc. has launched a private Offering of $500 million aggregate principal amount of senior notes due 2031, fully and unconditionally guaranteed on a senior unsecured basis by the Company.
Alaska intends to use the net proceeds from the Notes, after fees and expenses, for general corporate purposes. The Notes will be offered privately to persons reasonably believed to be qualified institutional buyers under Rule 144A and to investors outside the United States under Regulation S, and will not be registered under the Securities Act or state securities laws.
Alaska Air Group reported a larger first-quarter 2026 loss while highlighting strong demand and loyalty growth. Revenue rose 5% to about $3.3 billion, but higher fuel and costs drove a GAAP net loss of $193 million, or $1.69 per share, versus $1.35 a year earlier.
Adjusted loss per share was $1.68, better than its revised mid-quarter range. Unit revenue increased 3.5%, supported by premium, corporate and loyalty streams, while CASMex rose 6.3%. Fuel averaged $2.98 per gallon and recent spikes led the company to suspend full-year 2026 earnings guidance and forecast a Q2 adjusted loss of about $1.00 per share.
Alaska extended and expanded its long-standing Bank of America co-branded card partnership and is moving toward a single issuer, aiming to grow Atmos Rewards economics. Liquidity remained solid, with about $2.9 billion total liquidity, a debt-to-capitalization ratio of 61%, and adjusted net leverage of 3.3x. The revolving credit facility commitment was increased from $850 million to approximately $1.1 billion.
Alaska Air Group updated its outlook, now expecting a Q1 2026 adjusted loss per share of ($2.00) to ($1.50), after external shocks and a sharp rise in fuel costs. Demand remains generally strong, with unit revenue tracking as expected and capacity toward the high end of prior guidance, up about 2%.
Weakness is concentrated in Mexico and Hawaiʻi, which together account for roughly 30% of capacity and have been hit by unrest in Puerto Vallarta and severe storms and flooding. The company sees no longer-term structural impact in Hawaiʻi and reports solid revenue trends elsewhere, including managed corporate bookings over the next 90 days up more than 25% year over year.
Fuel has become a major headwind: refining margins on its lowest-cost Singapore supply, about 20% of fuel, have surged about 400% since early February, from roughly $0.45 to about $2.25 per gallon, versus U.S. refining costs up about 140%. As a result, economic fuel price is expected to average $2.90 to $3.00 per gallon, creating at least a ($0.70) EPS headwind. Management notes results would have exceeded the midpoint of original guidance without the fuel spike and disruptions in Puerto Vallarta and Hawaiʻi.
Alaska Air Group, Inc. filed a current report to let investors know it has released its financial results for the fourth quarter and full year of 2025. The company issued an earnings press release and supplemental materials discussing these results.
The filing also highlights that Alaska Air Group shared information on its financial and operational outlook through a press release and additional investor materials. These items are provided as exhibits, including the earnings release, supplemental earnings materials, and an investor update, and are furnished for disclosure purposes rather than being formally filed under the securities laws.
Alaska Air Group, Inc. reported that its subsidiary Alaska Airlines entered into new supplemental agreements with The Boeing Company on December 31, 2025 to expand its future fleet. Alaska finalized an order to purchase 53 incremental 737-10 aircraft with deliveries scheduled between 2032 and 2035, and exercised options for 52 additional 737-10 aircraft scheduled for delivery between 2028 and 2032. The airline also added 35 new 737-10 option aircraft to its purchase agreement, and exercised options for five 787 aircraft scheduled for delivery between 2031 and 2032. Alaska Air Group noted that full details will be provided in its Form 10-K for the year ended December 31, 2025 and furnished a related press release as an exhibit.
Alaska Air Group sharply reduced its Q4 2025 adjusted earnings per share outlook to approximately $0.10, down from prior guidance of at least $0.40. The company attributes roughly $0.55–$0.60 per share of impact to transitory headwinds, including about $0.25 from an internal IT and cloud service provider outage, $0.15 from lost revenue tied to an October government shutdown, and $0.15 from higher fuel costs, along with a higher book tax rate.
The shutdown led to about 600 flight cancellations affecting roughly 40,000 guests and temporarily pushed revenue trends from strongly positive to negative year over year before recovering. Updated Q4 expectations now include capacity up about 2% versus pro forma 2024, RASM up about 1%, and CASMex up about 3%. Management notes ongoing progress on integration, cost discipline, and unit revenue versus larger network peers despite the volatile environment.
Alaska Air Group announced it will provide updated fourth-quarter guidance in early December, after assessing the full financial impact of recent IT disruptions. This timing aims to reflect operational and financial effects once they are better understood.
The company does not plan to reschedule or host a third-quarter earnings call. Results for the third quarter were disclosed via an SEC filing on October 24 and are available on the investor relations website. This update was shared under Regulation FD, which means it is provided for broad, fair disclosure rather than as a filed financial statement.
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.
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).
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.