Filing Flows › Alaska Air Group (ALK) › Q3 2026
Alaska Air Group (ALK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Alaska Air Group (ALK) reported revenue of $4.3B for the third quarter 2026 (Q3 2026), +14% from a year earlier and +6% from the quarter before. Operating margin was 1.9%, net loss $147M (3.4% of revenue).
Alaska Air Group, Q3 2026: revenue $4.3B (+14% year over year), operating margin 1.9%, net loss $147M, operating cash flow $149M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | +6% | +14% |
| Operating profit | $82.0M | — | -45% |
| Net earnings | −$147M | — | -301% |
| Operating cash flow | $149M | -19% | -35% |
| Free cash flow | $82.0M | -23% | -41% |
What changed
Revenue was $4.3B in Q3 2026, up 14% year over year and up 6% from the previous quarter.
Operating profit was $0.08B, a 1.9% margin (down 2.0 points year over year). Operating profit fell $0.07B even though revenue rose $0.54B versus Q3 2025, so costs grew faster than sales. Total costs grew 17% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+17%). The quarter ended with a net loss of $0.15B, wider than the previous quarter's $0.08B loss.
Operating cash flow was $0.15B (down 35% year over year). Non-cash charges added back $0.22B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.07B left free cash flow of $0.08B.
Questions
What was Alaska Air Group's revenue in the third quarter 2026?
Alaska Air Group (ALK) reported revenue of $4.3B for the third quarter 2026 (Q3 2026), +14% from a year earlier and +6% from the quarter before.
Was Alaska Air Group profitable in the third quarter 2026?
Operating profit was $82.0M (1.9% of revenue) and net loss $147M.
Source: Alaska Air Group 10-Q on SEC EDGAR.