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Alaska Air Group ALK Q1 2026 earnings

Reported April 20, 2026 · After market close

Revenue$3.3BBeat by $5.5M
EPS-$1.68Miss by $0.07
Revenue estimate$3.3B
EPS estimate-$1.61

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$4.3B
EPS estimate$0.82

Financials

Q1 2026

Income statement

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Revenue$3.3B+5.2%
Operating income-$279.0M-41.6%
Net income-$193.0M-16.3%
EPS (diluted)-$1.69-25.2%

Balance sheet

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Cash & equivalents$508.0M-53.8%
Total debt$6.4B+2.4%
Total equity$3.7B-9.8%
Total assets$20.3B+2.4%

Cash flow

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Operating cash flow$421.0M-8.3%
CapEx$30.0M-28.6%
Free cash flow$391.0M-6.2%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$4.22B-30.2%
Enterprise value$10.14B-9.7%
P/E57.8×+41.0×
P/S0.3×-0.2×

Profitability

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Operating margin1.5%-2.7pp
Net margin0.5%-2.3pp
FCF margin6.3%-4.4pp

Returns & leverage

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Return on equity1.9%-7.0pp
Debt / equity1.7×+0.2×
Current ratio0.4×-0.1×

Segments

By geography

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Domestic$2.6B+5.6%
Latin America$187.0M-12.6%
Pacific$134.0M+1.5%

By product

See full
Loyalty program other$227.0M—
Cargo and Freight$153.0M+25.4%

FAQ

When did Alaska Air Group report Q1 2026 earnings?
Alaska Air Group (ALK) reported Q1 2026 earnings on April 20, 2026 after market close.
What were Alaska Air Group's Q1 2026 revenue and EPS?
Alaska Air Group reported revenue of $3.3B and eps of $-1.68 for Q1 2026.
Did Alaska Air Group beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.3B by $5.5M. EPS missed the consensus estimate of $-1.61 by $0.07.
How did Alaska Air Group's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.2% from $3.1B a year earlier and eps declined 118.2% from $-0.77.
Where can I find Alaska Air Group's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000766421-26-000015) and the 10-Q periodic report (0000766421-26-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.