The stock is likely to decline on the earnings miss and guidance suspension. Traders should monitor fuel prices and second-quarter results for signs of recovery. The extended partnership with Bank of America is a positive long-term development but does not offset the near-term headwinds.
Price Chart
Executive Summary
Alaska Air Group reported a first-quarter loss of $1.68 per share, missing expectations due to sharply higher fuel prices and weather disruptions in Hawaii and Puerto Vallarta. The company suspended full-year guidance due to fuel price volatility but highlighted strong demand trends and extended its co-branded credit card partnership with Bank of America, which is expected to drive incremental loyalty revenue. The stock is likely to decline on the earnings miss and guidance suspension, despite positive operational momentum.
Key Financial Metrics
Key Facts
- Reported adjusted loss per share of $1.68, missing the guidance range of ($2.00) to ($1.50).
- First-quarter revenue was $3.3 billion, with unit revenue up 3.5% year-over-year.
- Unit costs increased 6.3% year-over-year, in line with expectations.
- Fuel costs averaged $2.98 per gallon, a 14.2% increase year-over-year.
- The company suspended full-year 2026 guidance due to ongoing fuel price volatility.
- Second-quarter adjusted loss per share is estimated at approximately ($1.00), driven by an expected fuel price average of $4.50 per gallon.
- Extended its co-branded credit card partnership with Bank of America, expected to deliver improved economics and incremental cash remuneration.
- Repurchased $203 million of shares in the first quarter.
Financial Impact
The company reported a significant loss and suspended full-year guidance, with fuel costs expected to add approximately $600 million of expense in the second quarter, equivalent to an earnings per share headwind of $3.60.
Risk Factors
- Ongoing fuel price volatility could further impact earnings.
- Demand disruptions in Hawaii and Puerto Vallarta could persist.
- The company's ability to control costs and improve profitability is uncertain.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000766421-26-000015 |
| Exhibit: ex993bankofamericapressrel.htm | 0000766421-26-000015 |
| Document: alk-20260420.htm | 0000766421-26-000015 |
| Document: alksupplemental1q26.htm | 0000766421-26-000015 |
| Document: 0000766421-26-000015-index-headers.html | 0000766421-26-000015 |
| Document: 0000766421-26-000015-index.html | 0000766421-26-000015 |
| Document: 0000766421-26-000015.txt | 0000766421-26-000015 |
| 8-K Data (Synthetic) | 0000766421-26-000015 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | Insider Buy | $40.41 $41.90 | ▲ +3.69% | ▲ +4.21% | $39.36 (−2.60%) |
Aug 17, 2026 6w ago | Institutional Cluster | $44.04 $40.71 | ▼ −7.56% | ▼ −6.04% | $39.36 (−10.63%) |
Jul 4, 2026 12w ago | Institutional Cluster | $50.41 $47.45 | ▼ −5.87% | ▼ −5.31% | $39.36 (−21.92%) |
Jun 17, 2026 15w ago | 8-K | $48.27 $47.62 | ▼ −1.35% | ▼ −2.66% | $39.36 (−18.46%) |
Jun 3, 2026 17w ago | 8-K | $41.74 $51.25 | ▲ +22.79% | ▲ +23.91% | $39.36 (−5.70%) |
May 20, 2026 19w ago | Court Ruling | $39.68 $48.27 | ▲ +21.65% | ▲ +21.69% | $39.36 (−0.80%) |
May 12, 2026 20w ago | 8-K | $38.53 $46.66 | ▲ +21.10% | ▲ +21.72% | $39.36 (+2.16%) |
May 7, 2026 21w ago | 8-K | $40.58 $41.87 | ▲ +3.18% | ▲ +0.05% | $39.36 (−3.00%) |
Apr 20, 2026 23w ago | 8-K | $41.26 $37.36 | ▲ +9.45% | ▲ +14.37% | $39.36 (+4.60%) |
Mar 30, 2026 26w ago | DEFA14A | $36.78 $38.63 | ▲ +5.03% | ▼ −4.39% | $39.36 (+7.01%) |
US Market Status
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