Alaska Air

Q2 FY2026 EarningsQ2 2026 total revenue increased 10.0% YoY to $4.1B, driven by an 8.6% rise in RASM despite a narrow 1.0% capacity growth. The company reported an adjusted net loss of $102M ($0.92 per share), primarily due to an 85% YoY spike in fuel costs ($4.43/gal) totaling $600M in headwinds. Strategic progress includes the final Hawaiian Airlines integration milestone and the launch of transatlantic service. Q3 FY26 outlook projects low double-digit RASM growth and a return to profitability with EPS estimated at $0.00 to $1.00.