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Alaska Air Group ALK Q2 2026 earnings

Reported July 21, 2026 · After market close

Revenue$4.1BMiss by $28.2M
EPS-$0.92Beat by $0.07
Revenue estimate$4.1B
EPS estimate-$0.99
“Our second quarter results were defined by a fuel spike outside our control - but underneath it, this company is executing better than ever”
Ben Minicucci.

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

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

Financials

Q2 2026

Income statement

See full
Revenue$4.1B+9.7%
Operating income-$168.0M-161%
Net income-$76.0M-144%
EPS (diluted)-$0.68-148%

Balance sheet

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Cash & equivalents$1.1B+32.8%
Total debt$6.2B-2.2%
Total equity$3.7B-6.9%
Total assets$21.2B+6.8%

Cash flow

See full
Operating cash flow$185.0M-50.8%
CapEx-$185.0M-315%
Free cash flow--100%

Valuation & ratios

Valuation

as of 08/03/26
See full
Market cap$5.29B-12.7%
Enterprise value$10.46B-10.0%
P/S0.4×-0.1×

Profitability

See full
Operating margin-1.5%-5.2pp
Net margin-1.2%-3.5pp
FCF margin4.2%-4.3pp

Returns & leverage

See full
Return on equity-4.6%-12.3pp
Debt / equity1.7×+0.1×
Current ratio0.5×0.0×

FAQ

When did Alaska Air Group report Q2 2026 earnings?
Alaska Air Group (ALK) reported Q2 2026 earnings on July 21, 2026 after market close.
What were Alaska Air Group's Q2 2026 revenue and EPS?
Alaska Air Group reported revenue of $4.1B and eps of $-0.92 for Q2 2026.
Did Alaska Air Group beat estimates in Q2 2026?
Revenue missed the consensus estimate of $4.1B by $28.2M. EPS beat the consensus estimate of $-0.99 by $0.07.
How did Alaska Air Group's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.7% from $3.7B a year earlier.
Where can I find Alaska Air Group's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000766421-26-000036) and the 10-Q periodic report (0000766421-26-000041) directly on SEC EDGAR. The filing index links above go to sec.gov.