Alaska Air Group reported a second-quarter 2026 adjusted loss of 92 cents per share, narrower than the Zacks Consensus Estimate of a 97-cent loss. Operating revenues rose 9.7% to $4.07 billion but missed the $4.10 billion consensus, while an 86% surge in aircraft fuel expense to $1.31 billion pushed total operating expenses up 24% to $4.23 billion. The adjusted pretax loss was $176 million, swinging from a $295 million profit a year earlier, and the adjusted net loss was $102 million. For the third quarter, the company expects adjusted earnings between breakeven and $1 per share, with capacity up 2% to 3% and unit revenue rising in the low double digits.
Alaska Air Group Inc86% surge in aircraft fuel expense drove wider loss and higher operating costs.
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