Filing Flows › Alaska Air Group (ALK) › Q2 2026
Alaska Air Group (ALK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Alaska Air Group (ALK) reported revenue of $4.1B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +23% from the quarter before. Operating margin was -4.1%, net loss $76.0M (1.9% of revenue).
Alaska Air Group, Q2 2026: revenue $4.1B (+10% year over year), operating margin -4.1%, net loss $76.0M, operating cash flow $185M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +23% | +10% |
| Operating profit | −$168M | — | -161% |
| Net earnings | −$76.0M | — | -144% |
| Operating cash flow | $185M | -56% | -51% |
| Free cash flow | $107M | -73% | -63% |
What changed
Revenue was $4.1B in Q2 2026, up 10% year over year and up 23% from the previous quarter.
Operating costs exceeded revenue by $0.17B, an operating margin of -4.1%. Total costs grew 24% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+24%). The quarter ended with a net loss of $0.08B, narrower than the previous quarter's $0.19B loss. Net interest and other expense of $0.05B was the main reason.
Operating cash flow was $0.18B (down 51% year over year). Non-cash charges added back $0.21B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.08B left free cash flow of $0.11B.
Questions
What was Alaska Air Group's revenue in the second quarter 2026?
Alaska Air Group (ALK) reported revenue of $4.1B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +23% from the quarter before.
Was Alaska Air Group profitable in the second quarter 2026?
Operating loss was $168M (-4.1% of revenue) and net loss $76.0M.
Source: Alaska Air Group 10-Q on SEC EDGAR.