Alaska Airlines Projects Wider Loss in First Quarter of 2026

Alaska Airlines forecasts a Q1 2026 loss, with full-year guidance below expectations. The airline cites seasonality, fuel costs, and integration challenges.

Insights:
Alaska Airlines has issued a cautious earnings forecast for the first quarter of 2026, projecting an adjusted per-share loss between 50 cents and $1.50, exceeding the 64-cent loss anticipated by analysts. For the full year, the airline expects profits to range from $3.50 to $6.50 per share, with the midpoint falling short of the Wall Street consensus of $5.54. The company attributes this outlook to seasonal weaknesses, volatility in fuel prices, economic uncertainty, and the integration costs associated with its acquisition of Hawaiian Holdings Inc .
An Alaska Airlines commercial airliner takes off from Los Angeles International Airport in Los Angeles, California, U.S., November 6, 2025. REUTERS/Mike Blake
An Alaska Airlines commercial airliner takes off from Los Angeles International Airport in Los Angeles, California, U.S., November 6, 2025. REUTERS/Mike Blake
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