Planes cue on the runway for takeoff as another lands at New York's LaGuardia airport in New York City, U.S., May 22, 2026. REUTERS/Shannon Stapleton/File Photo Purchase Licensing Rights, opens new tab
WASHINGTON, July 24 (Reuters) - Major U.S. airlines will need to retrofit planes by the end of 2030 to address potential wireless interference after a new auction of wireless spectrum, but the carriers will be eligible for as much as $2.2 billion in government rebates to cover the costs, the Federal Aviation Administration said on Friday.
The FAA is requiring all altimeters to meet next-generation performance requirements to address interference from 5G signals in spectrum that could cause inaccurate readings.
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The rebates will be funded by some of the government's proceeds of the C-Band wireless auction run by the Federal Communications Commission. The FAA estimates the cost at $80,000 to $120,000 per airplane.
Other aircraft will need to be retrofitted by later 2034 and the FAA estimates the total cost of retrofitting civilian airplanes at up to $7.1 billion.
The 2030 deadline covers "flights by the major domestic and international airlines that affect the flying public, have the highest public expectation of safety, perform a significant majority of low-visibility operations that would otherwise be restricted to protect from hazardous interference," the FAA said.
Foreign operators will not be eligible for rebates. The FAA requirements only apply to airplanes flying in U.S. airspace.
FCC Chair Brendan Carr said this week that the agency and FAA processes "will together provide for the upgrade radio altimeters and provide rebates to support eligible domestic aircraft operators and owners in this effort."
In 2022, there were brief disruptions at some U.S. airports as international carriers canceled some flights over concerns that 5G service could interfere with airplane altimeters, which provide data on a plane's height above ground and are crucial for bad-weather landings.
The issue was resolved after a voluntary agreement was reached between Verizon, AT&T and major air carriers, but there were other headaches as air carriers have worked to upgrade altimeters.
Reporting by David Shepardson; Editing by David Gregorio
Our Standards: The Thomson Reuters Trust Principles., opens new tab
SummaryCompaniesJet fuel surge upends airline profit forecastsAmerican swings from potential raise to cutFare gains lag sudden fuel-cost shocksDifferent fuel dates blur forecast comparisonsCHICAGO, July 24 (Reuters) - A rapid rise in jet fuel prices is forcing U.S. airlines to rewrite earnings expectations, exposing how quickly higher fuel costs can outpace revenue gains from strong travel demand.
American Airlines (AAL.O), opens new tab was prepared to raise its 2026 earnings forecast earlier this month. Thirteen days later, after its projected fuel bill for the rest of the year had risen by nearly $1.6 billion, it cut the outlook instead.
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The reversal reflects a fundamental mismatch in the airline business. Fuel markets can move sharply in days, but fare increases take weeks or months to feed through because they apply only to tickets yet to be sold.
Strong demand and restrained capacity have allowed carriers to raise fares without hurting bookings, but higher ticket prices have offset only part of the increase in fuel costs.
As the U.S.-Iran ceasefire began to fray, jet fuel spot prices surged nearly 30% between July 2 and July 22, clouding the industry's outlook.
"I think margins are going to be effectively down for the industry," American Chief Financial Officer Devon May told Reuters in an interview. "If we had guided on the same day as Delta (July 10), we'd have been guiding up for the year."
In early July, he said, American had expected full-year pretax earnings approaching $1.5 billion, about four times its 2025 result. Instead, American lowered its full-year earnings forecast to a range stretching from a loss to a profit, with breakeven at the midpoint.
The stakes are higher at American. Its thinner margins and persistent profit gap with Delta Air Lines (DAL.N), opens new tab and United Airlines (UAL.O), opens new tab leave it with less room to absorb higher fuel costs, intensifying scrutiny of CEO Robert Isom's effort to rebuild corporate travel, add premium seats and generate more revenue from the loyalty program.
American cut its outlook despite reporting record quarterly revenue and forecasting strong unit revenue growth in the second half. If fuel remains elevated, weaker cash generation could slow debt reduction, constrain investment and increase pressure to trim less-profitable flying.
Airlines have responded differently to the fuel surge, partly reflecting when their forecasts were issued.
Delta, the first major U.S. carrier to report, maintained its annual earnings outlook, while United last week raised the lower end of its forecast.
But this week, Southwest Airlines (LUV.N), opens new tab lowered the floor of its outlook and Alaska Air (ALK.N), opens new tab declined to restore full-year guidance.
The forecasts were built on fuel assumptions from different dates, ranging from July 2 for Delta to July 21 for American. Over that period, jet fuel spot prices rose by 78 cents to $3.59 a gallon, making outlooks issued only days apart harder to compare and shortening their useful lives.
RAPIDLY CHANGING ASSUMPTIONSAmerican said higher fares offset nearly half of a $2.2 billion year-over-year increase in second-quarter fuel expense. Delta recovered about 60% of its fuel increase, while United recovered about 50%. Alaska said it recovered very little, and Southwest did not disclose a comparable percentage.
But the renewed surge in fuel prices is testing how quickly carriers can recover the additional costs. May said American's projected fuel bill for the rest of the year rose by about $550 million over the past week.
Every one-cent increase in American's average fuel price adds about $46 million to its annual expense and flows largely through to pretax earnings, May said. A 10-cent increase would therefore cost roughly $460 million.
United described a similar last-minute shift.
"At this time last week, I was planning to tell you that we had a good line of sight to growing earnings year-over-year," Chief Executive Scott Kirby said on the airline's July 16 earnings call. "But fuel has gone up a lot in the last week."
United said the rise in fuel prices since July 1 added $575 million to its expected third-quarter fuel bill and changed its guidance policy to use the latest available fuel prices.
At Alaska, bookings for September and October remained as strong as summer demand, but its earnings outlook remained highly sensitive to fuel prices.
"You've got to choose a fuel price," Ryan St. John, Alaska's vice president of finance, planning and investor relations, told Reuters. "You can guess at whatever you think fuel is, but the reality is none of us know."
A 25-cent change in Alaska's average fuel cost could shift quarterly earnings by about 50 cents per share, he said.
May said American aims to pass on as much of any fuel-cost increase as possible. But the share it can recover remains a moving target.
"It depends on the day for spot prices," he said.
Reporting by Rajesh Kumar Singh; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Rajesh Kumar Singh is the U.S. Aviation Correspondent at Reuters, based in Chicago, where he reports on airlines, aircraft manufacturers, and regulatory developments that shape the global aviation industry. Prior to this role, he covered U.S. manufacturing and trade policy, including the U.S.–China trade wars, where his work delved into the disruption facing American businesses and the strategic responses of major corporations. He began his career with Reuters in India, where he reported on a wide range of issues covering the country's economic complexities—from its recovery after the global financial crisis to the challenges of inflation and governance.
Alaska Air Group, Inc. (ALK) Q2 2026 Earnings Call July 22, 2026 11:30 AM EDT
Company Participants
Ryan St. John - Vice President of Finance, Planning & Investor Relations
Benito Minicucci - President, CEO & Director and CEO of Alaska Airlines
Andrew Harrison - Chief Commercial Officer & Executive VP
Shane Tackett - CFO & President of Alaska Airlines
Emily Halverson - VP of Finance and Treasury, Controller & Principal Accounting Officer of Alaska Airlines, Inc
Andrew Harrison - Executive VP & Chief Commercial Officer of Alaska Airlines Inc
Conference Call Participants
Atul Maheswari - UBS Investment Bank, Research Division
Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division
Conor Cunningham - Melius Research LLC
Savanthi Syth - Raymond James Ltd., Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
Catherine O'Brien - Goldman Sachs Group, Inc., Research Division
Thomas Fitzgerald - TD Cowen, Research Division
Michael Goldie - BMO Capital Markets Equity Research
Scott Group - Wolfe Research, LLC
Andrew Didora - BofA Securities, Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2026 Second Quarter Earnings Call. [Operator Instructions] Today's call is being recorded and will be accessible for future playback at alaskaair.com. [Operator Instructions]
I would now like to turn the call over to Alaska Air Group's Vice President of Finance, Planning and Investor Relations, Ryan St. John.
Ryan St. John
Vice President of Finance, Planning & Investor Relations
Thank you, operator, and good morning. Thanks for joining us today to discuss our second quarter 2026 earnings results. Yesterday, we issued our earnings release along with several accompanying slides detailing our results, which are available at investor.alaskaair.com. On today's call, you'll hear updates from Ben, Andrew and Shane. Several others of our management team are also on the line to answer your questions during the Q&A portion of the call.
4 Buy-and-Hold-Forever Stocks Available at a BargainAlaska Air Group NYSE: ALK reported a second-quarter loss but told analysts that improving revenue trends, completed integration work and easing fuel costs position the company for a stronger second half of 2026.
Ryan St. John, vice president of finance, planning and investor relations, said Air Group reported a second-quarter GAAP net loss of $76 million. Excluding special items, the company posted an adjusted net loss of $102 million.
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Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?Ben said the company “beat our initial guidance for the second quarter” but was “not satisfied” with a loss during what is typically one of the airline’s strongest quarters. He attributed much of the pressure to fuel, saying prices were up nearly 70% year over year. He added that Alaska returned to profitability in June with a double-digit pretax margin despite the elevated fuel environment.
“Absent the fuel spike, this would have been a solidly profitable quarter,” Ben said, adding that the company saw strengthening unit revenue, improving unit costs and continued demand through the quarter.
Revenue Strengthened Through the Quarter Despite Bad Headlines, Boeing Still Wins Billion Dollar ContractsAndrew said second-quarter revenue rose to $4.1 billion, up 10% year over year, while capacity grew 1%. Unit revenue increased 8.6%, including what the company described as a three-point drag from historic Hawaii rainstorms.
Andrew said unit revenue accelerated each month of the quarter, rising 5.5% in April, 8.8% in May and 11% in June. Total June revenue was up 13.2%, contributing to the company’s return to profitability for that month.
The company pointed to several factors behind the revenue improvement, including the move to a single reservation system, the launch of European service, Asia service, adoption of Atmos Rewards and strong operational performance.
Managed corporate revenue also improved. Andrew said Portland and San Diego managed corporate share increased by five points and four points, respectively. Portland exceeded 50% share of managed corporate revenue, which Andrew called a historic milestone. In Seattle, managed corporate passenger volume exceeded system trends with 9% growth, supported by new service to major international markets including London, Tokyo and Incheon.
Loyalty, Premium and International Growth Highlighted Alaska executives said loyalty and premium revenue were important contributors to the quarter. Andrew said co-brand remuneration reached $663 million, up 19% year over year. Active Atmos members increased 15%, while attrition fell more than 30%.
In Hawaii, the company said loyalty growth outpaced system performance, with a 73% year-over-year increase in new cardholders and a 34% increase in members in the Huaka'i by Hawaiian community.
Premium revenue rose 15% in the quarter and now represents 35% of total revenue, Andrew said. He added that more than half of every revenue dollar now comes from outside the main cabin.
Ben said the company’s first long-haul international routes from Seattle are “off to a strong start.” He said new Rome, London and Reykjavik routes are each carrying 50% or more Atmos members, which he described as an early sign of loyalty demand for the expansion.
Andrew said the international launch has been encouraging, noting that the company recently turned on its ability to sell in the United Kingdom and sees additional opportunity to grow international premium cabin share.
Integration Milestone Completed Ben described the quarter as “one of the most consequential and strategically important quarters” in the company’s history. Alaska completed its migration to a single passenger service system and established what he called the industry’s first dual-brand passenger service system platform.
The company said it maintained strong operations during the transition. Ben said Alaska led the industry in on-time performance year to date and improved five points year over year in the second quarter.
Guest satisfaction improved after the reservation cutover, Ben said, rising seven points from the prior quarter. Hawaii improved 10 points. He also said Starlink Wi-Fi is improving the onboard experience, with guest satisfaction on Starlink-equipped flights 20% higher than on non-equipped flights. About one-third of the fleet is now equipped, with the remainder expected by 2027.
Ben said cabin retrofits across the company’s 737 fleet are complete, adding 1.3 million incremental first and premium class seats. Demand is absorbing the additional capacity, he said, as reflected in the increase in premium revenue.
Cargo Expansion and Fleet Changes Alaska also highlighted cargo as a strategic growth area. Ben said the company restructured its Amazon flying under a more profitable contract and is adding four Boeing 737-800 freighters for deployment across Hawaii and Alaska.
During the question-and-answer session, Shane Tackett, president of Alaska Airlines and CFO, said the aircraft will be owned by Alaska and operated under its own brand, not under a CMI or ACMI arrangement. Two are expected to be used in Alaska and two in Hawaii.
Ben also said the company plans to retire the 717 fleet beginning in 2028 and transition Neighbor Island flying to Boeing 737s, citing improved reliability, economics and cargo capability.
Outlook: Stronger Second Half Expected Shane said second-quarter unit costs excluding fuel rose 6.5% year over year. He said that result included transitory items such as elevated crew training costs tied to the 787 fleet ramp, employee recognition expense related to the passenger service system milestone and comparisons against aircraft sale gains in 2025. Excluding those items, core cost growth was in the low- to mid-single digits.
The company ended the quarter with $3.8 billion in total liquidity after raising $1 billion through a $500 million senior unsecured note offering and a $500 million term loan. Shane said the financing was intended to keep liquidity near the top of the company’s target range as it navigates fuel volatility.
Alaska guided third-quarter capacity growth of about 2% to 3%, with all growth coming from intercontinental flying. Full-year capacity growth is expected to be around 2%, at the low end of the original 2% to 3% guidance range.
Shane said economic fuel cost averaged $4.43 per gallon in the second quarter, slightly better than the company’s $4.50 guidance. For the third quarter, Alaska expects fuel price per gallon of $3.75 and earnings between breakeven and $1 per share.
The company said demand remains durable, with bookings into the summer peak and early fall pacing well. Andrew said unit revenue is running in the mid-teens year over year and that the company expects third-quarter system unit revenue to increase in the low double digits.
Executives said they plan to provide an update on full-year earnings guidance at an Investor Day scheduled for Sept. 29 in Seattle.
About Alaska Air Group (NYSE:ALK)Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.
The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.
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Key Takeaways Alaska Air's Q2 loss beat estimates as fuel expense surged 86%, adding about $600 million in costs.Unit revenue rose 8.6%, supported by higher yields, premium demand, corporate sales and loyalty growth.Alaska Air expects Q3 earnings from breakeven to $1 per share as fuel costs ease from Q2 levels. Alaska Air Group, Inc. (ALK - Free Report) reported a second-quarter 2026 adjusted loss of 92 cents per share, narrower than the Zacks Consensus Estimate of a 97-cent loss, with an average surprise of 5.2%. The company had posted adjusted earnings of $1.78 per share a year earlier.
Operating revenues increased 9.7% year over year to $4.07 billion but missed the consensus mark of $4.10 billion by 0.7%. Revenue per available seat mile rose 8.6%, while an 85% increase in economic fuel cost weighed heavily on profitability.
ALK's Unit Revenue Growth Supports the Top LinePassenger revenues increased 9% year over year to $3.64 billion. Loyalty program other revenues climbed 23% to $258 million, while cargo and other revenues advanced 17% to $163 million, reflecting strength across the company’s diversified revenue streams.
Premium revenues grew 15%, managed corporate revenues rose 30% and loyalty cash remuneration increased 19%. However, historic rainstorms in Hawai‘i disrupted spring-break travel and reduced system unit revenues by approximately 3 percentage points during the quarter.
Alaska Air Sees Yield Gains Despite Softer TrafficConsolidated traffic, measured in revenue passenger miles, declined 0.8% while capacity increased 1%. The load factor fell 1.6 percentage points to 82.3% as passenger volumes decreased 1.2% to 15.1 million.
Yield increased 9.6% to 18.21 cents, and passenger revenue per available seat mile rose 7.5% to 14.99 cents. Total revenue per available seat mile reached 16.72 cents, up from 15.39 cents a year earlier, as stronger pricing offset weaker traffic trends.
ALK Faces a Sharp Increase in Fuel ExpenseTotal operating expenses surged 24% to $4.23 billion. Aircraft fuel expense increased 86% to $1.31 billion as economic fuel cost rose to $4.43 per gallon from $2.39. The increase added approximately $600 million of fuel expense during the quarter.
Wages and benefits rose 6% to $1.24 billion, while landing fees and other rentals increased 10%. Other operating expenses climbed 22%. These increases more than offset lower special-item costs and a slight decline in third-party regional carrier expenses.
Alaska Air Keeps Core Costs Below Prior GuidanceCost per available seat mile excluding fuel, freighter costs, performance-based pay and special items increased 6.5% to 11.40 cents. This was better than the company’s prior expectation for high-single-digit growth.
Around 2.5 percentage points of the increase came from transitory factors. These included an employee recognition award tied to completing a single passenger service system, the absence of prior-year aircraft sale gains and crew training costs for the international widebody expansion.
ALK's Profitability Weakens Under Fuel PressureThe adjusted pretax loss was $176 million against adjusted pretax income of $295 million a year ago. Adjusted pretax margin fell to negative 4.3% from positive 8%. Adjusted net loss totaled $102 million versus adjusted net income of $215 million.
On a reported basis, Alaska Air recorded an operating loss of $168 million against an operating income of $277 million. GAAP net loss was $76 million, or 68 cents per share, against net income of $172 million, or $1.42 per share, in the prior-year quarter.
Alaska Air Strengthens Liquidity as Leverage RisesOperating cash flow totaled $185 million during the second quarter and $606 million for the first six months of 2026. The company ended June with $3.8 billion in available liquidity after completing $1 billion of financing during the quarter.
Cash and cash equivalents stood at $1.06 billion, while marketable securities totaled $1.60 billion. Long-term debt and finance leases increased to $5.78 billion from $4.83 billion as of 2025-end. Adjusted net debt to EBITDAR rose to 4.8 times from 2.9 times, while debt to capitalization increased to 65%.
ALK Expects a Third-Quarter Earnings InflectionFor the third quarter of 2026, Alaska Air expects adjusted earnings between breakeven and $1 per share. The Zacks Consensus Estimate is currently pegged at $1.41 per share. Capacity is projected to rise 2%-3%, with nearly all growth coming from long-haul international flights out of Seattle.
Unit revenue is forecast to increase in the low double digits, while non-fuel unit costs are expected to rise in the low to mid-single digits. The outlook assumes an economic fuel cost of $3.75 per gallon, below the second quarter’s level, as refining margins moderate.
Currently, Alaska Air carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q2 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability.
Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand.
United Airlines Holdings, Inc. (UAL - Free Report) ) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%.
Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs.
J.B. Hunt Transport Services, Inc. (JBHT - Free Report) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%.
Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads.
Alaska Air Group, Inc. posted Q2 2026 results with revenue up to $4.07B, but bottom line losses worsened due to surging fuel costs from the Iran war. Despite cost-cutting successes and structural improvements, ALK's profitability deteriorated, with net losses of $76M and adjusted EBITDAR falling to $1.04B. Fuel costs soared to 32.1% of revenue ($4.43/gallon), overwhelming gains from premium, cargo, and loyalty revenues; Q3 guidance remains pressured by high fuel prices.
Alaska Air Group (ALK - Free Report) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $0.97. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.16%. A quarter ago, it was expected that this airline would post a loss of $1.61 per share when it actually produced a loss of $1.68, delivering a surprise of -4.35%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Alaska Air, which belongs to the Zacks Transportation - Airline industry, posted revenues of $4.07 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.73%. This compares to year-ago revenues of $3.7 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Alaska Air shares have lost about 8.5% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Alaska Air?While Alaska Air has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Alaska Air was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.41 on $4.31 billion in revenues for the coming quarter and -$0.06 on $15.85 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, JetBlue Airways (JBLU - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This airline is expected to post quarterly loss of $0.70 per share in its upcoming report, which represents a year-over-year change of -337.5%. The consensus EPS estimate for the quarter has been revised 26.4% higher over the last 30 days to the current level.
JetBlue Airways' revenues are expected to be $2.7 billion, up 14.4% from the year-ago quarter.
Alaska Air Group (ALK - Free Report) reported $4.07 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 9.8%. EPS of -$0.92 for the same period compares to $1.78 a year ago.
The reported revenue represents a surprise of -0.73% over the Zacks Consensus Estimate of $4.09 billion. With the consensus EPS estimate being -$0.97, the EPS surprise was +5.16%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Alaska Air performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Passenger Load Factor: 82.3% versus 84.1% estimated by five analysts on average.Total revenue per ASM (RASM): 16.72 cents versus the four-analyst average estimate of 16.87 cents.Available seat miles (ASM): 24.31 billion compared to the 24.28 billion average estimate based on four analysts.Revenue passenger miles (RPM): 20.01 billion compared to the 20.45 billion average estimate based on four analysts.Fuel Expenses: $1.31 billion versus $1.32 billion estimated by four analysts on average.Economic fuel cost per gallon: $4.43 versus the four-analyst average estimate of $4.46.Passenger Yield: 18.21 cents compared to the 18.18 cents average estimate based on three analysts.Fuel gallons: 295.00 Mgal versus the three-analyst average estimate of 296.06 Mgal.Operating expenses per ASM, excluding fuel and special items: 11.4 cents versus 11.55 cents estimated by three analysts on average.Total Passenger Revenue: $3.64 billion compared to the $3.71 billion average estimate based on five analysts. The reported number represents a change of +8.6% year over year.Revenue- Loyalty program other revenue: $258 million versus the four-analyst average estimate of $224.08 million. The reported number represents a year-over-year change of +22.9%.Revenue- Cargo and other: $163 million compared to the $163.01 million average estimate based on four analysts. The reported number represents a change of +17.3% year over year.View all Key Company Metrics for Alaska Air here>>>
Shares of Alaska Air have returned -5.7% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Hawaiian Airlines-branded Boeing 737-800s will replace the retiring Boeing 717 fleet, bringing proven, reliable aircraft with premium interiors and fast, free Starlink Wi-Fi to Neighbor Island flying. The future fleet will be based in Honolulu (HNL) and flown and crewed by Honolulu-based pilots and flight attendants. This represents the next step in the journey to bring more value to Hawai'i and the Hawai'i traveler, building on an expanded network, industry-leading loyalty program and comprehensive investments across technology, aircraft, airports, guest experience and community. , /PRNewswire/ -- Alaska Airlines, Inc. today announced the future fleet plan for Hawaiian Airlines' Neighbor Island flying – a modern fleet of Hawaiian-branded Boeing 737-800 aircraft that will replace Hawaiian's retiring Boeing 717 fleet, delivering a significantly improved guest experience and greater reliability for Hawai'i and the Hawai'i traveler.
The 737-800 aircraft will feature a modern premium onboard experience that includes:
Alaska Airlines, Inc. selects 737-800s to strengthen Hawaiian Airlines’ Neighbor Island service, enhancing the guest experience and increasing capacity
Alaska Airlines, Inc. selects 737-800s to strengthen Hawaiian Airlines’ Neighbor Island service, enhancing the guest experience and increasing capacity
Twice as many First Class seats and the addition of more than 30 Premium Class seats, creating more upgrade opportunities for Huaka'i by Hawaiian and Atmos™ Rewards members Fast, free Starlink Wi-Fi on all flights More room in cargo for surfboards Reclining leather Recaro seats throughout the aircraft 110V power outlets, USB charging and seatback device holders at every seat "Neighbor Island service is part of the fabric of life in Hawai'i, and we know how deeply our guests, employees and communities care about its future," said Diana Birkett Rakow, CEO of Hawaiian Airlines. "This decision reflects our commitment to invest in Hawai'i for the long term, to strengthen Hawaiian Airlines and to honor the local expertise, culture and care that have made Hawaiian the airline of Hawai'i for nearly a century."
The future fleet will carry the Hawaiian brand and focus on Neighbor Island service, based in Honolulu (HNL). The airline's plan is for these aircraft to be flown by Honolulu-based pilots and flight attendants once the integration is complete, sustaining the safe, reliable and frequent service Hawai'i residents depend on for work, school, family, medical care and everyday life across the Islands while delivering a more modern and premium onboard experience for all guests.
Neighbor Island flying is uniquely demanding, with short segments, frequent daily cycles and operations in a salt-air environment. The 737-800 is a durable, reliable and proven aircraft with airframes and engines that can withstand the high cycles of Neighbor Island operations, while enabling the airline to maintain capacity to meet demand with a full schedule of frequent departures from morning to evening.
"The 737-800 gives us a proven, capable platform for the next chapter of Neighbor Island flying," said Jim Landers, Head of Hawai'i Operations. "It is well suited to the operational needs of the Islands and gives our teams a clear path to transition from the 717s while continuing to deliver the reliable service our guests expect."
The goal is to begin the fleet transition in 2028 and move quickly to bring this additional capacity and enhanced experience to our guests. Additional details will be shared as planning continues.
To sustain frequency and capacity and meet the needs of Hawai'i's communities in the near-term, prior to the transition, Alaska will supplement 717 Neighbor Island flying with 737 capacity. Starting in October, one Alaska-branded 737 aircraft will fly three round trips per day between Honolulu and Kahului (OGG). This 737 will operate out of Terminal 1 at Honolulu's Daniel K. Inouye International Airport, and guests will be able to check in at Terminal 1.
The fleet decision is a key step in Alaska Accelerate, Alaska Air Group's strategic plan to deliver long-term growth by strengthening the company's dual-brand strategy, expanding the reach of Hawaiian Airlines and investing in the markets that matter most to guests. Strength in Hawai'i and continued investment in the Hawaiian Airlines brand are central to that plan.
Since combining Alaska Airlines and Hawaiian Airlines, the company has continued to invest in Hawai'i, strengthening connectivity through a broader network, launching a new, more valuable loyalty program, improving technology, planning a new Honolulu lounge and airport improvements across Hawai'i, and elevating the guest experience while deepening its commitment to local communities. The future Neighbor Island fleet builds on that journey, serving Hawai'i better together while honoring and sustaining two strong and beloved brands.
"We fly for Hawai'i and have the privilege of serving and representing Hawai'i through the Hawaiian Airlines brand, which will be reflected across even more flights as our operational integration continues. Investment in a dedicated Hawaiian Airlines-branded 737-800 fleet is about more than aircraft. It is about protecting the connections that make life possible across the islands and ensuring Hawaiian remains strong for the future," added Birkett Rakow.
About Alaska, Hawaiian and Horizon
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."
Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport in Honolulu, Hawaii, U.S., April 28, 2020. REUTERS/Marco Garcia Purchase Licensing Rights, opens new tab
FARNBOROUGH, England, July 21 (Reuters) - Hawaiian Airlines announced Tuesday that it is retiring its 19 Boeing 717s, which are all more than 20 years old, and replacing them with larger 737 Next Generation (NG) jets to keep up with growing demand for short inter-island flights beginning in 2028.
The 737 NGs have around 160 seats, compared to the 128 seats on the 717s. The airline needs the extra capacity during the middle of the day, Hawaiian CEO Diana Birkett Rakow told Reuters in an interview.
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Alaska Airlines [RIC:RIC:ALKAIR.UL], which owns Hawaiian Airlines, also announced that it is nearly doubling its freighter capacity with leases for four 737 freighters. The jets are slated to enter service with Alaska in 2028 and will increase Alaska's freighter fleet from five to nine aircraft.
Reporting by Dan Catchpole in Farnborough, England; Editing by Nick Zieminski
Our Standards: The Thomson Reuters Trust Principles., opens new tab
ALK stock is moving. Watch the price action here. Alaska Air Q2 Details Alaska Air Group reported quarterly losses of 92 cents per share, which beat the Street estimate for losses of 99 cents, according to Benzinga Pro data.
Quarterly revenue came in at $4.07 billion, which missed the consensus estimate of $4.09 billion.
The air carrier reported fuel cost of $4.43 per gallon in the second quarter, up 85% year over year.
"Our second quarter results were defined by a fuel spike outside our control — but underneath it, this company is executing better than ever," said CEO Ben Minicucci.
"We led the industry in on-time performance for the first half of the year, completed the last major milestone of our Hawaiian integration, launched service to Europe and returned to profitability in June,” Minicucci added.
Looking ahead, Alaska Air Group expects third-quarter EPS between zero cents and $1, versus the $1.38 analyst estimate.
ALK Stock Price Activity: According to data from Benzinga Pro, Alaska Air shares were down 2.35% to $44.39 in Tuesday’s extended trading.
Photo: Shutterstock
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1 in the industry in year-to-date on-time performance
Expanded international service to include transatlantic flights from Seattle to Rome, London, Reykjavík
Achieved single passenger service system for Alaska and Hawaiian and recognized employees with 75k Atmos Points for major integration milestone
Q3 RASM expected to have double digit growth year-over-year
, /PRNewswire/ -- Alaska Air Group (NYSE: ALK) today reported financial results for the second quarter ending June 30, 2026.
"Our second quarter results were defined by a fuel spike outside our control - but underneath it, this company is executing better than ever," said CEO Ben Minicucci. "We led the industry in on-time performance for the first half of the year, completed the last major technical milestone of our Hawaiian integration, launched service to Europe, and returned to profitability in June. Absent the fuel headwind, we would have delivered a solidly profitable quarter. I have never been more confident in our people, our plan, and the long-term earnings power of Alaska Air Group."
Quarter in Review:
Air Group reported second quarter Generally Accepted Accounting Principles (GAAP) pretax margin of (5.3)% and GAAP net loss of $76 million, or $0.68 per share. Air Group's second quarter adjusted pretax margin was (4.3)% and adjusted net loss was $102 million, or $0.92 per share.
Q2 2026 Results
Prior Expectation
Actual Results
Capacity (ASMs) % change versus 2025
Up ~1%
Up 1.0%
RASM % change versus 2025
Up high single digits
Up 8.6%
CASMex % change versus 2025
Up high single digits
Up 6.5%
Economic fuel cost per gallon
$4.50
$4.43
Adjusted loss per share
~($1.00)
($0.92)
Second quarter total revenue grew 10% year-over-year to $4.1 billion on capacity growth of 1%, with unit revenue up 8.6%. Yields strengthened through the quarter, with June producing double digit unit revenue growth and double digit pretax profit margins.
Our revenue performance was impacted by historic rainstorms in Hawai'i in March which had a meaningful impact on April spring break travel and reduced system unit revenue by approximately 3 points in the quarter, modestly above the 2 points originally expected. Outside of Hawai'i, demand remained resilient across the network and our diversified revenue streams continue to outpace system growth: premium revenue increased 15%, cargo revenue increased 21%, and managed corporate revenue accelerated 30% year-over-year respectively. Loyalty performance was also robust, with loyalty cash remuneration up 19%.
Non-fuel unit costs increased 6.5% year-over-year on 1% capacity growth, better than prior guidance. The year-over-year increase reflects 2.5 points of transitory factors, including a one-time employee recognition award tied to achieving a single passenger service system, a year-over-year headwind from prior-year aircraft sale gains, and crew training costs for our international widebody ramp. Outside of these transitory items, core cost management was strong, gaining momentum moving into the second half of the year.
Second quarter economic fuel cost was $4.43 per gallon, an increase of 85% year-over-year, resulting in $600 million of incremental fuel cost for the period. In response to the elevated and unpredictable fuel price environment, we proactively raised $1 billion in financing during the quarter, deliberately bolstering liquidity to the top end of our target range of 15% to 25% of trailing-12-month revenue. As the fuel environment stabilizes and our earnings profile improves, we expect to put excess liquidity towards paying down debt and bring liquidity back to the midpoint of our target range.
Third Quarter Forecast Information:
With a strong demand backdrop and an improving unit cost trajectory, we expect a widening spread between unit revenue and unit costs in Q3. Coupled with continued execution on our strategic initiatives, we expect a meaningful inflection in financial performance beginning in Q3.
Third quarter capacity is expected to be up approximately 2% to 3% year-over-year, with nearly all growth coming from long-haul international flying out of Seattle, while capacity within North America will be essentially flat year-over-year.
Unit revenue is expected to improve sequentially from the second to third quarter to low double-digit growth year-over-year, supported by strong yields and demand. While Hawai'i remains a 2-3 point unit revenue headwind in the third quarter, loads are recovering and new bookings are coming in at system level yields, showing demand returning to historical levels in September.
Third quarter non-fuel unit costs are expected to increase in the low to mid single digits year-over-year, a meaningful step-down from the first half of the year, as transitory cost items are behind us and productivity improvements compound. While fuel prices remain volatile, economic fuel cost is expected to come down from second quarter levels as refining margins have recently moderated. Our guidance assumes a fuel price of $3.75 per gallon in the third quarter, reflecting July fuel costs of $3.60 per gallon, and average spot prices of $3.85 for August and September.
Q3 2026 Expectation
Capacity (ASMs) % change versus 2025
Up 2% to 3%
RASM % change versus 2025
Up low double digits
CASMex % change versus 2025
Up low to mid single digits
Economic fuel cost per gallon
$3.75
Adjusted earnings (loss) per share(a)
$0.00 to $1.00
(a) Q3 earnings per share guidance assumes non-operating expense of approximately $60 million, a tax rate of approximately 35%, and shares outstanding of approximately 113.5 million.
Operational Updates:
Led the industry in year-to-date on-time performance. Transitioned to a single passenger service system (PSS), marking a key integration milestone that consolidates reservation and customer service platforms across Alaska and Hawaiian, and delivers a more streamlined guest experience. Launched new transatlantic service from Seattle with flights to Rome, London, and Reykjavik, further expanding our international network and reinforcing our position as the fourth-largest global airline in the U.S. Took delivery of six 737-8 aircraft, two E175 aircraft, and added one E175 under CPA with SkyWest. Announced agreement to add four 737-800 freighter aircraft to Alaska's cargo fleet, effectively doubling the cargo fleet's capacity. The aircraft are expected to enter service in the first half of 2027. Completed the 737 cabin retrofits, adding expanded first and premium class seating and refreshed cabin interiors. Announced expansions in our domestic route network, including the addition of new routes from Santa Rosa, the return of service between Seattle and Long Beach, new service from Honolulu to Burbank, Spokane, and Boise, and increased service between Honolulu and Las Vegas. Commercial Updates:
Hawaiian Airlines joined the oneworld alliance, connecting Hawai'i to over 900 global destinations across more than 170 territories. Opened the newest Alaska Lounge at Portland International Airport, which is twice the size of the previous Portland lounge and underscores our continued investment in premium travel. Announced plans for a new world-class Alaska Lounge in Seattle. The new lounge is set to open in 2027 and will span across two floors, featuring showers, premium bars, à la carte dining, and chef-curated seasonal menus. Liquidity Updates:
Generated $606 million of operating cash flow during the first six months of 2026. Held $3.8 billion in available liquidity, including unrestricted cash, marketable securities, and undrawn credit facilities. Total liquidity includes $1 billion in financing completed in the second quarter, comprising $500 million of 6.5% senior unsecured notes and $500 million in term loans secured by assets associated with the Atmos™ Rewards program. Had approximately $20 billion of unencumbered assets at June 30, 2026, including 131 aircraft and the unencumbered portion of our loyalty program assets. Other Highlights:
Elected Shane Tackett as President and Chief Financial Officer of Alaska Airlines. Appointed Mike Sievert, Vice Chairman and former CEO of T-Mobile, to Air Group's board of directors. Celebrated our employees' efforts in achieving a single PSS and dedication throughout the Alaska-Hawaiian integration by awarding 75,000 Atmos Rewards points to all Alaska, Hawaiian, and Horizon employees. Opened new premium check-in experience in Seattle for business class Suites guests and Atmos Titanium members. CEO Ben Minicucci named Executive of the Year - North America at FlightGlobal's 2026 Airline Strategy Awards. Hawaiian Airlines named "Most Comfortable Airline" on WalletHub's 2026 Best Airlines list. Alaska Airlines and Hawaiian Airlines were recognized with APEX Best Awards for Best Cabin Service and Best Wi‑Fi, respectively. Alaska Airlines recognized by the Port of Seattle's Sustainable Century Awards for Environmental Performance and Innovation and Greatest Use of Ground Power and Pre‑Conditioned Air Systems. A conference call regarding the second quarter results will be streamed online at 11:30 a.m. EDT/ 8:30 a.m. PDT on July 22, 2026. It can be accessed at www.alaskaair.com/investors. For those unable to listen to the live broadcast, a replay will be available after the conclusion of the call.
References in this update to "Air Group," "Company," "we," "us," and "our" refer to Alaska Air Group, Inc. and its subsidiaries, unless otherwise specified.
This news release may contain forward-looking statements subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These statements relate to future events and involve known and unknown risks and uncertainties that may cause actual outcomes to be materially different from those indicated by our forward-looking statements, assumptions or beliefs. For a discussion of risks and uncertainties that may cause our forward-looking statements to differ materially, see Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Some of these risks include competition, labor costs, relations and availability, general economic conditions, increases in operating costs including fuel, uncertainties regarding the ability to successfully integrate operations following the acquisition of Hawaiian Holdings, Inc. and the ability to realize anticipated cost savings, synergies, or growth from the acquisition, inability to meet cost reduction and other strategic goals, seasonal fluctuations in demand and financial results, supply chain risks, events that negatively impact aviation safety and security, cybersecurity risks, and changes in laws and regulations that impact our business. All of the forward-looking statements are qualified in their entirety by reference to the risk factors discussed in our most recent Form 10-K and in our subsequent SEC filings. We operate in a continually changing business environment, and new risk factors emerge from time to time. Management cannot predict such new risk factors, nor can it assess the impact, if any, of such new risk factors on our business or events described in any forward-looking statements. We expressly disclaim any obligation to publicly update or revise any forward-looking statements made today to conform them to actual results. Over time, our actual results, performance or achievements may differ from the anticipated results, performance or achievements that are expressed or implied by our forward-looking statements, assumptions or beliefs and such differences might be significant and materially adverse.
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. With oneworld and our additional global partners, guests can earn and redeem points for travel to over 1,000 worldwide destinations with Atmos Rewards. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Alaska Air Group, Inc.
Three Months Ended June 30,
Six Months Ended June 30,
(in millions, except per share amounts)
2026
2025
Change
2026
2025
Change
Operating Revenue
Passenger revenue
$ 3,644
$ 3,355
9 %
$ 6,564
$ 6,163
7 %
Loyalty program other revenue
258
210
23 %
485
417
16 %
Cargo and other revenue
163
139
17 %
316
261
21 %
Total Operating Revenue
4,065
3,704
10 %
7,365
6,841
8 %
Operating Expenses
Wages and benefits
1,239
1,165
6 %
2,481
2,292
8 %
Variable incentive pay
65
61
7 %
95
123
(23) %
Aircraft fuel
1,305
700
86 %
2,101
1,381
52 %
Aircraft maintenance
256
240
7 %
472
460
3 %
Aircraft rent
64
64
— %
125
126
(1) %
Landing fees and other rentals
305
278
10 %
596
520
15 %
Contracted services
158
146
8 %
309
291
6 %
Selling expenses
115
105
10 %
214
205
4 %
Depreciation and amortization
207
199
4 %
411
393
5 %
Food and beverage service
107
97
10 %
202
182
11 %
Third-party regional carrier expense
68
69
(1) %
124
133
(7) %
Other
302
247
22 %
605
508
19 %
Special items - operating
42
56
(25) %
77
147
(48) %
Total Operating Expenses
4,233
3,427
24 %
7,812
6,761
16 %
Operating Income (Loss)
(168)
277
(161) %
(447)
80
NM
Non-operating Income (Expense)
Interest income
21
22
(5) %
40
48
(17) %
Interest expense
(86)
(66)
30 %
(162)
(132)
23 %
Interest capitalized
13
9
44 %
23
21
10 %
Other - net
6
(4)
NM
15
(12)
NM
Total Non-operating Expense
(46)
(39)
18 %
(84)
(75)
12 %
Income (Loss) Before Income Tax
(214)
238
(531)
5
Income tax expense (benefit)
(138)
66
(262)
(1)
Net Income (Loss)
$ (76)
$ 172
$ (269)
$ 6
Basic Earnings (Loss) Per Share
$ (0.68)
$ 1.45
$ (2.39)
$ 0.05
Diluted Earnings (Loss) Per Share
$ (0.68)
$ 1.42
$ (2.39)
$ 0.05
Weighted Average Shares Outstanding used for computation:
Basic
111.127
118.847
112.702
120.979
Diluted
111.127
120.930
112.702
123.183
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)
Alaska Air Group, Inc.
(in millions, except share amounts)
June 30,
2026
December 31,
2025
ASSETS
Cash and cash equivalents
$ 1,064
$ 627
Restricted cash
33
28
Marketable securities
1,598
1,496
Receivables - net
681
565
Inventories and supplies - net
253
203
Prepaid expenses
261
278
Other current assets
46
69
Total Current Assets
3,936
3,266
Property and equipment - net of accumulated depreciation and amortization of $5,205 and $4,945
12,009
11,857
Operating lease assets
1,345
1,268
Goodwill
2,723
2,723
Intangible assets - net of accumulated amortization of $102 and $74
787
815
Other noncurrent assets
446
432
Total Noncurrent Assets
17,310
17,095
Total Assets
$ 21,246
$ 20,361
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable
$ 403
$ 324
Accrued wages, vacation and payroll taxes
727
881
Air traffic liability
2,398
1,689
Other accrued liabilities
1,217
1,055
Deferred revenue
1,778
1,722
Current portion of long-term debt and finance leases
452
721
Current portion of operating lease liabilities
217
197
Total Current Liabilities
7,192
6,589
Long-term debt and finance leases, net of current portion
5,783
4,834
Operating lease liabilities, net of current portion
1,164
1,141
Deferred income taxes
739
1,004
Deferred revenue
1,752
1,711
Obligation for pension and post-retirement medical benefits
349
369
Other liabilities
597
595
Total Noncurrent Liabilities
10,384
9,654
Shareholders' Equity
Preferred stock, $0.01 par value, Authorized: 5,000,000 shares, none issued or outstanding
Adjustments to reconcile net loss to net cash provided by operating activities
453
229
224
Changes in working capital
422
385
37
Net cash provided by operating activities
606
421
185
Cash Flows from Investing Activities:
Property and equipment additions
(523)
(338)
(185)
Other investing activities
(112)
169
(281)
Net cash used in investing activities
(635)
(169)
(466)
Cash Flows from Financing Activities:
472
(428)
900
Net increase (decrease) in cash and cash equivalents
443
(176)
619
Cash, cash equivalents, and restricted cash at beginning of period
684
684
508
Cash, cash equivalents, and restricted cash at end of the period
$ 1,127
$ 508
$ 1,127
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents
$ 1,064
$ 451
Restricted cash
33
27
Restricted cash included in Other noncurrent assets
30
30
Total cash, cash equivalents, and restricted cash at end of the period
$ 1,127
$ 508
(a) As reported in Form 10-Q for the first quarter of 2026.
(b) Cash flows for the three months ended June 30, 2026 can be calculated by subtracting cash flows from the three months ended March 31, 2026 from the six months ended June 30, 2026.
OPERATING STATISTICS (unaudited)
A manual recalculation of certain figures using rounded amounts may not agree directly to the actual figures presented in the table below.
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
Change
2026
2025
Change
Consolidated Operating Statistics:(a)
Revenue passengers (000)
15,056
15,234
(1.2) %
28,388
28,393
— %
RPMs (000,000) "traffic"
20,011
20,179
(0.8) %
37,311
37,436
(0.3) %
ASMs (000,000) "capacity"
24,306
24,058
1.0 %
45,876
45,277
1.3 %
Load factor
82.3 %
83.9 %
(1.6) pts
81.3 %
82.7 %
(1.4) pts
Yield
18.21¢
16.62¢
9.6 %
17.59¢
16.46¢
6.9 %
PRASM
14.99¢
13.94¢
7.5 %
14.31¢
13.61¢
5.1 %
RASM
16.72¢
15.39¢
8.6 %
16.06¢
15.11¢
6.3 %
CASMex(b)
11.40¢
10.70¢
6.5 %
11.85¢
11.14¢
6.4 %
Fuel cost per gallon(c)
$4.43
$2.39
85.4 %
$3.74
$2.49
50.2 %
Fuel gallons (000,000)(c)
295
293
0.7 %
562
556
1.1 %
ASMs per gallon
82.4
82.0
0.5 %
81.6
81.5
0.1 %
Departures (000)
139.0
139.6
(0.4) %
264.5
263.5
0.4 %
Average full-time equivalent employees (FTEs)
31,726
31,299
1.4 %
31,596
30,536
3.5 %
Operating fleet(d)
422
409
13 a/c
422
409
13 a/c
(a)
Except for FTEs, data includes activity under a capacity purchase agreement with a third-party regional carrier.
(b)
See a reconciliation of this non-GAAP measure and Note A for a discussion of the importance of this measure to investors in the accompanying pages.
(c)
Excludes operations under the Air Transportation Services Agreement (ATSA) with Amazon.
(d)
Includes owned and leased aircraft as well as aircraft operated under a capacity purchase agreement with a third-party regional carrier.
GAAP TO NON-GAAP RECONCILIATIONS (unaudited)
Alaska Air Group, Inc.
We are providing reconciliations of reported non-GAAP financial measures to their most directly comparable financial measures reported on a GAAP basis. Amounts in the tables below are rounded to the nearest million. As a result, a manual recalculation of certain figures using these rounded amounts may not agree directly to the amounts presented. These reconciliations include adjustments intended to improve comparability and provide a clearer view of the Company's core operating performance.
Losses (gains) on foreign debt and other primarily reflect unrealized and realized gains or losses resulting from changes in foreign currency exchange rates on certain debt. In 2025, these expenses also included mark-to-market fuel hedge adjustments.
Special items - operating primarily relate to costs associated with the integration of Hawaiian Airlines, including employee-related costs, technology costs, and other merger-related expenses. In 2025, these expenses also included costs related to changes in Alaska flight attendants' sick leave benefits pursuant to a collective bargaining agreement ratified in the first quarter of 2025.
Pretax Income (Loss), Net Income (Loss), and Earnings (Loss) per Share, adjusted
Three Months Ended June 30,
2026
2025
(in millions, except per share amounts)
Loss
Before
Income
Tax
Income
Tax
Net
Loss
Per
Share
Income
Before
Income
Tax
Income
Tax
Net
Income
Per
Share
GAAP
$ (214)
$ (138)
$ (76)
$ (0.68)
$ 238
$ 66
$ 172
$ 1.42
Adjusted for:
Losses (gains) on foreign debt and other
(4)
1
Special items - operating
42
56
Total adjustments
$ 38
$ 64
$ (26)
$ (0.24)
$ 57
$ 14
$ 43
$ 0.36
Adjusted
$ (176)
$ (74)
$ (102)
$ (0.92)
$ 295
$ 80
$ 215
$ 1.78
GAAP pretax margin
(5.3) %
6.4 %
Adjusted pretax margin
(4.3) %
8.0 %
Six Months Ended June 30,
2026
2025
(in millions, except per share amounts)
Loss
Before
Income
Tax
Income
Tax
Net
Loss
Per
Share
Income
Before
Income
Tax
Income
Tax
Net
Income
Per
Share
GAAP
$ (531)
$ (262)
$ (269)
$ (2.39)
$ 5
$ (1)
$ 6
$ 0.05
Adjusted for:
Losses (gains) on foreign debt and other
(7)
3
Special items - operating
77
147
Total adjustments
$ 70
$ 95
$ (25)
$ (0.22)
$ 150
$ 36
$ 114
$ 0.92
Adjusted
$ (461)
$ (167)
$ (294)
$ (2.61)
$ 155
$ 35
$ 120
$ 0.97
GAAP pretax margin
(7.2) %
0.1 %
Adjusted pretax margin
(6.3) %
2.3 %
CASMex Reconciliation
Three Months Ended June 30,
Six Months Ended June 30,
(in millions, except unit metrics)
2026
2025
2026
2025
Total operating expenses
$ 4,233
$ 3,427
$ 7,812
$ 6,761
Less the following components:
Aircraft fuel
1,305
700
2,101
1,381
Freighter costs
52
48
104
89
Performance-based pay
64
49
92
101
Special items - operating
42
56
77
147
Adjusted operating expenses
$ 2,770
$ 2,574
$ 5,438
$ 5,043
ASMs
24,306
24,058
45,876
45,277
CASMex
11.40¢
10.70¢
11.85¢
11.14¢
Adjusted Capital Expenditures Reconciliation
Six Months Ended June 30,
(in millions)
2026
2025
Aircraft, aircraft purchase deposits, and other flight equipment
$ 415
$ 613
Other property and equipment
108
128
Capital expenditures
523
741
Adjusted for:
Property and equipment acquired through the issuance of debt
48
69
Proceeds from sales of aircraft and other equipment
(7)
(62)
Adjusted capital expenditures
$ 564
$ 748
Debt-to-capitalization, including leases
(in millions)
June 30, 2026
December 31, 2025
Long-term debt and finance leases, net of current portion
$ 5,783
$ 4,834
Operating lease liabilities, net of current portion
1,164
1,141
Adjusted debt, net of current portion
6,947
5,975
Shareholders' equity
3,670
4,118
Total Invested Capital
$ 10,617
$ 10,093
Debt-to-capitalization ratio, including leases
65 %
59 %
Adjusted net debt to earnings before interest, taxes, depreciation, amortization, fixed portion of operating lease expense, and special items
(in millions)
June 30, 2026
December 31, 2025
Long-term debt and finance leases
$ 6,235
$ 5,555
Operating lease liabilities
1,381
1,338
Adjusted debt
7,616
6,893
Less: Total unrestricted cash and marketable securities
2,662
2,123
Adjusted net debt
$ 4,954
$ 4,770
(in millions)
Twelve Months Ended
June 30, 2026
Twelve Months Ended
December 31, 2025
Operating Income (Loss)(a)
$ (224)
$ 303
Adjusted for:
Special items - operating
180
250
Gains on foreign debt and other
(13)
(3)
Depreciation and amortization
813
795
Fixed portion of operating lease expense
279
279
EBITDAR
$ 1,035
$ 1,624
Adjusted net debt to EBITDAR
4.8x
2.9x
(a)
Operating income (loss) can be reconciled using the trailing twelve month operating income as filed quarterly with the SEC.
Note A: Pursuant to Regulation G, we provide reconciliations of reported non-GAAP financial measures to the most directly comparable GAAP financial measures. We believe these non-GAAP measures provide meaningful supplemental information to investors for the following reasons:
Pretax income (loss), net income (loss), and earnings (loss) per share are presented on an adjusted basis. Adjustments are made for special charges that are unusual or nonrecurring in nature, as well as for gains and losses on foreign debt, as these adjustments enhance comparability of our core operations to prior periods and to the rest of the airline industry. CASMex is a key measure used by management and the Air Group Board of Directors to evaluate cost performance. It is also commonly used by industry analysts to compare airlines. Because U.S. carriers are generally similarly affected by changes in jet fuel prices over the long run, aircraft fuel costs are excluded to focus on more controllable, company-specific cost drivers. Costs related to freighter aircraft operations, including those incurred under the ATSA with Amazon, are excluded to enhance comparability with carriers that do not operate freighter aircraft. Performance‑Based Pay (PBP) expense is excluded as it is dependent on the Company's achievement of annually established financial and operational goals. Certain special charges are excluded as they are unusual or nonrecurring in nature. Adjusted capital expenditures includes certain amounts that are not classified as investing cash outflows within our consolidated statements of cash flows, but are viewed by management and other stakeholders as significant long-term investments in the business. Management believes these adjustments provide a more complete view of capital expenditures during the year. Liquidity and leverage measures, including debt-to-capitalization and adjusted net debt to EBITDAR, are presented to provide insight into the Company's financial position and flexibility. In 2026, we made adjustments to the calculation of these metrics to enhance comparability with our peers. The debt-to-capitalization ratio now excludes the current portion of operating and finance lease liabilities, with prior periods recast for consistency. Additionally, EBITDAR was adjusted to reflect the fixed portion of operating leases rather than total aircraft rent to better reflect performance, with prior periods recast accordingly. GLOSSARY OF TERMS
Adjusted debt - long-term debt, plus operating and finance lease liabilities
Adjusted net debt - long-term debt, plus operating and finance lease liabilities, less unrestricted cash and marketable securities
Adjusted net debt to EBITDAR - represents adjusted net debt divided by EBITDAR (trailing twelve months earnings before interest, taxes, depreciation, amortization, fixed portion of operating leases, and special items)
ASMs - available seat miles, or "capacity"; represents total seats available across the fleet multiplied by the number of miles flown
CASMex - operating costs excluding fuel, freighter costs, Performance-Based Pay (PBP), and special items per ASM, or "unit cost"
Debt-to-capitalization ratio - represents adjusted debt, net of current portion, divided by total equity plus adjusted debt, net of current portion
Diluted Earnings per Share - represents earnings per share (EPS) using fully diluted shares outstanding
Diluted Shares - represents the total number of shares that would be outstanding if all possible sources of conversion, such as stock options, were exercised
Freighter Costs - operating expenses directly attributable to the operation of B737 freighter aircraft and A330-300 freighter aircraft exclusively performing cargo missions
Load Factor - RPMs as a percentage of ASMs; represents the number of available seats that were filled with revenue passengers
PRASM - passenger revenue per ASM, or "passenger unit revenue"
RASM - operating revenue per ASMs, or "unit revenue"; operating revenue includes all passenger revenue, freight & mail, loyalty program revenue, and other ancillary revenue; represents the average total revenue for flying one seat one mile
RPMs - revenue passenger miles, or "traffic"; represents the number of seats that were filled with revenue passengers; one passenger traveling one mile is one RPM
Yield - passenger revenue per RPM; represents the average passenger revenue for flying one passenger one mile
Alaska Air Group, Inc. (NYSE:ALK) will release its second quarter earnings report after the closing bell on Tuesday, July 21.
Analysts expect the Seattle, Washington-based company to report a quarterly loss of 99 cents per share, versus a profit of $1.78 per share in the year-ago period. The consensus estimate for Alaska Air’s quarterly revenue is $4.09 billion. It reported $3.7 billion last year, according to Benzinga Pro.
On April 20, Alaska Air reported worse-than-expected first-quarter fiscal year 2026 results and suspended guidance.
Shares of Alaska Air rose 1.2% to close at $46.04 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
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PERTH, Australia, July 20, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX:ALK; TSX:ALK; OTCQX:ALKRY) (‘Alkane’ or ‘the Company’) is pleased to present its Quarterly Activities Report for the period ending 30 June 2026 (‘Q4 FY26’):
Operations
Q4 FY26 gold equivalent production of 42,491 AuEq oz @ AISC of $3,011/AuEq oz1,2.FY26 gold equivalent production of 168,337 AuEq oz @ AISC of $2,925/AuEq oz1,2.Site operating cash flow of $174 million for the quarter.FY27 production guidance of 163-177kozs gold equivalent at an AISC of $2,900-$3,200 per ounce1,2. Exploration
At the Northern Molong Porphyry Project (NMPP) drilling between the Boda and Kaiser deposits has intersected further Au-Cu mineralisation. Highlighted results include intersecting magmatic-hydrothermal breccias between Boda and Kaiser grading 23.5 m at 0.17g/t Au 0.14% Cu and 42.1 m at 0.16g/t Au 0.14% Cu. Also, a Mobile Magnetotellurics (MMT) survey flown over the NMPP has defined new target areas to be assessed.3
Finance and Corporate
Gold equivalent sales for the quarter of 47,411 ounces1 for revenue of $257 million at an average realised gold price of $5,442/oz and an average realised antimony price of $24,276/t.Cash, bullion and listed investment balance of $454 million after $18 million of corporate income tax payments during the quarter.8,500 ounces of hedges filled during the quarter.S&P Dow Jones Indices announced that they would include Alkane in the S&P/ASX 200 effective prior to the open of trading on Wednesday, 22 April 2026.Proposed maiden fully franked dividend of 2 cents per share for FY264.
Managing Director and CEO, Nic Earner, commented: "It has been another great quarter for Alkane, producing 40,949 ounces of gold and 456 tonnes of antimony (42,491 ounces of gold equivalent) over the full quarter, which places full year FY26 production at 168,337 ounces of gold equivalent, in the top half of guidance. Our site operating cashflow was $174 million for the quarter, resulting in a balance sheet with $454 million in cash, bullion and listed investments at quarter end. Reflecting this strong financial position and our confidence in the business, the Board has proposed Alkane's first ever dividend of 2 cents per share, fully franked — a significant milestone for the Company and a tangible return to the shareholders who have supported our growth. We expect to deliver consistent performance again next year, our full year FY27 guidance is 163-177kozs gold equivalent at an AISC of $2,900-$3,200 per ounce."
Q4 FY2026 OPERATING & FINANCIAL RESULTS WEBCAST
The Managing Director & CEO, Mr Nic Earner, and CFO, Mr James Carter, will host a conference call and webcast to discuss these results. Details to participate are as follows:
The accompanying presentation slides will be available on the Company’s website – HERE.
A replay of the webcast will be available on the Company’s website – HERE.
GROUP SUMMARY STATUTORY REPORTING PERIOD1,2
Gold-Antimony Production
Alkane produced 40,949 ounces of gold and 456 tonnes of antimony in Q4 FY26, resulting in a Group quarterly production of 42,491 gold equivalent ounces (Q3 FY26: 45,776 AuEq oz) at an AISC of $3,011/AuEq oz (Q3 FY26: $2,928/AuEq oz)1.
Production during the quarter was lower than Q3 FY26, driven by normal, planned, grade variation across the group.
Alkane processed 693,607 tonnes of ore in total at an average gold grade of 2.07g/t Au producing 40,949oz of gold. Tomingley processed 325,689 tonnes of ore with an average gold grade of 2.27g/t. At Costerfield, the average grade of gold was 9.32g/t, and the average grade of antimony was 1.40%, with 36,441 tonnes of ore processed. Björkdal processed 331,477 tonnes of ore with an average gold grade of 1.08g/t.
Table 1: June Quarter 2026 operational performance summary5
Gold equivalent sales for the quarter of 47,411 ounces1 (Q3 FY26: 43,373 AuEq oz) for revenue of $257 million (Q3 FY26: $275 million) at an average gold price of $5,442/oz (Q3 FY26: $6,330/oz) and an average antimony price of $24,276/t (Q3 FY26: $34,394/t). The decrease in revenue was mainly due to the lower realised gold price as compared to the previous quarter. Revenue from Tomingley includes 8,500 ounces delivered into forward contracts at $2,870/oz.
Björkdal´s and Costerfield´s average realised gold price at $5,462/oz and $6,160/oz respectively, is a simple average for the quarter of revenue divided by ounces sold for the quarter. Sales revenue for the quarter at these operations include adjustments to provisionally priced concentrate sales, which are then revalued at each reporting date (by using the current market price at the end of each reporting period). Metal prices decreased during the quarter, leading to negative provisional pricing adjustments of $6 million at Björkdal and $4 million at Costerfield.
Operating Costs, Cash Operating Costs per Gold Equivalent Ounce Produced, All-In Sustaining Costs (“AISC”) per Gold Equivalent Ounce Produced and Capital Expenditures
Group AISC was $3,011/AuEq oz1 for the quarter and group cash costs were $2,346/AuEq oz for the quarter. These were higher than Q3 FY26 AISC of $2,928/AuEq oz and operating cash costs of $2,037/AuEq oz, primarily due to overall lower feed grades compared to Q3. This combined with externally influenced price increases pushed the FY26 AISC just above the top end of guidance.
Total operational sustaining, growth and exploration capital expenditure during Q4 FY26 was $52 million.
Sustaining capital was ~$21 million. This included $9 million for capital development across the sites and $4 million for mobile equipment rebuilds and purchases at Tomingley and Costerfield.
Growth capital of ~$20 million includes $8 million for the Newell Highway realignment at Tomingley (due for completion in the first half of CY 2027) and $5 million for tailings storage facility construction at Björkdal.
Exploration expenditure of ~$11 million was split between $8 million at Costerfield and $3 million at Björkdal and Tomingley. At Costerfield, exploration expenditure was primarily focused on the Brunswick South infill drilling program, with supplementary programs completed at True Blue and Kendal North. At Björkdal, spending was distributed between the Storheden drilling campaign and extension drilling targeting areas adjacent to the current mine. At Tomingley, expenditure was directed towards drill testing programs within the mining licence and along the broader regional trend.
Newell Highway works looking east.
Table 3: June Quarter 2026 financial performance summary
Alkane closed the quarter with cash, bullion and liquid investments of $454 million – comprising $432 million in total cash, bullion ($7 million) and liquid investments ($15 million). This result was driven by Group gold sales at 47,411 gold equivalent ounces1 at a realised gold price of $5,442/oz (Q3 FY26: $6,330/oz) and a realised antimony price of $24,276/t (Q3 FY26: $34,394/t) generating $257 million in revenue. Alkane´s operations generated $174 million in mine operating cashflows with the achieved margin of $2,431/AuEq oz over AISC1.
Tax outflows were $18 million during the quarter, which is the total of monthly instalments towards future tax obligations across the business. Corporate and other cashflows were $20 million. This includes $8 million of corporate cash outflows, $2 million of Boda & regional NSW exploration, $10 million on Lupin closure costs, $3m investment in the Nagambie project and $4 million net repayment of equipment loans partly offset by $4 million received from the divestment of a non-core asset in Chile and interest income of $4.5 million. The group received $20 million of cash returned from cash backed bonds during the quarter.
Tomingley Gold Operations (Tomingley) is a wholly owned operation of Alkane, located near the village of Tomingley, approximately 50km southwest of Dubbo in Central Western New South Wales. Tomingley has been operating since 2014. Mining occurs underground on four gold deposits (Wyoming One, Caloma One, Caloma Two and Roswell).
Operations Performance
The primary source of ore continues to be from Roswell. Underground Ore mined was above plan at 392,323t which is a quarterly record. Multiple ore sources and mass firings contributed.
Processing continues to perform well with milling exceeding plan primarily because of the continued use of a mobile crusher to pre-crush material prior to entering the processing circuit. Mill grade was above plan and recovery was under forecast. The main reason for the lower than forecast result is reduced leach residence time from the increased throughput combined with some downtime on individual CIL tanks periodically throughout the quarter. Pre-crushing of material to different sizes prior to entering the circuit continues and has seen an increase in milling rates to approximately 1.3mtpa, work continues in this area to optimise product sizing to optimise throughput.
Tomingley set new records for annual ounce production, mined ore tonnes from underground and mill throughput for Financial Year 2026.
A total of 20,896 ounces of gold was produced for the quarter (Q3 FY26: 21,652oz). The site cash costs for the quarter were $2,227/oz (Q3 FY26: $2,021/oz ) with an AISC of $2,481/oz (Q3 FY26: $2,444/oz).2 Gold sold for the quarter was 24,924 ounces at an average sales price of $5,131/oz, generating revenue of $128 million. Bullion stocks totalled 1,156 ounces, valued at $7 million using the closing price at quarter end. The site’s operating cash flow was $76 million for the quarter.
Work continued on the Newell Highway diversion during the quarter with continued good progression of offline works, although some time was lost because of wet weather. Work commenced on the 'northern tie-in' of the offline works and current alignment during the quarter.
Exploration
Exploration drilling at Tomingley for the quarter has focused on prospective targets both near mine and regionally. The northern extension of Caloma was tested as well as the potential southern extension to the Roswell deposit. Drilling was also commenced testing the areas between the Roswell and Wyoming One deposits.
Further from the mine exploration continued to work up regional targets in the surrounding exploration licenses, as well as drilling on the Mining Leases testing the Wyoming Three deposit and other near mine targets. The regional drilling targets being progressed include the Patons, Tomingley One and Two, Peak Hill and Glen Isla prospects.
Geological map of Tomingley showing areas of exploration during Q4 FY26.
Costerfield Gold-Antimony Operations (Costerfield) is a wholly owned operation of Alkane. Costerfield is located within the Costerfield mining district of Central Victoria, Australia, approximately 10 km northeast of the town of Heathcote and 50 km east of the city of Bendigo.
The property encompasses the underground infrastructure supporting the Augusta, Cuffley, Brunswick, Youle and Shepherd deposits; the Augusta Mine Site (Augusta), the Brunswick Processing Plant; the Splitters Creek Evaporation Facility; the Brunswick and Bombay Tailings Storage Facilities (TSF) and associated infrastructure.
Operations Performance
Costerfield delivered another steady operational performance for the quarter, with both ore mining and milling rates exceeding plan. Tonnes mined were strong and mining advance tracked reasonably well, although head grades came in below plan. Challenging ground conditions slowed drilling rates and restricted access to some planned mining areas, which in turn weighed on overall plan compliance. The operation continues to work on targeted improvement programs including drill and blast optimisation, transitioning to owner operator capital development, enhanced operator training, increased focus on the mine planning function and the transition to emulsion explosives to improve recovery and reduce dilution.
Processing continued to focus on blend control to maximise throughput, recoveries and produced metal. Successful trials continued during the quarter with respect to pre-crushing ore feed to further improve throughput, crusher downtime and blend control with continuous optimisation of blending and recovery. Work continues in this area.
Work continues to achieve operational consistency across all aspects of the operation. As part of this, a Maintenance Manager has been employed during the quarter whose role is to coordinate and manage all aspects of fixed and mobile plant maintenance for site.
A total of 11,659 gold equivalent ounces1 was produced during the quarter (Q3 FY26: 11,691 AuEq oz). The site cash costs for the quarter were $1,898/AuEq oz (Q3 FY26: $1,567/AuEq oz) with an AISC of $2,568/AuEq oz (Q3 FY26: $2,521/AuEq oz).2 Gold sold for the quarter was 10,522 ounces at an average sales price of $6,160/oz and antimony sold for the quarter was 535 tonnes (384 tonnes post payability) at an average sales price of $24,276/t, generating revenue of $74 million. Finished product stocks were 2,578 ounces. The site’s operating cash flow was $50 million for the quarter.
Exploration
During the quarter, exploration activities comprised approximately 26,670m of surface and underground diamond drilling across multiple deposits and targets, focusing on resource infill, resource growth, geological model validation, and target testing. Drilling programs were completed at Cuffley, Kendal North, Alison North, Brunswick South, and True Blue, with the Alison North resource growth program commencing to investigate extensions around the historic Alison mining area6.
Drilling at Brunswick South during the quarter extended the high-grade gold trend at the deposit. Highlight intersections (downhole widths, with estimated true widths (ETW)) included 50.1g/t Au and 26.2% Sb over 2.17m (ETW 1.08m) in BD468; 109.9g/t Au and 3.1% Sb over 0.65m (ETW 0.62m) in BD433; 50.2g/t Au and 33.3% Sb over 0.86m (ETW 0.62m) in BD424; 39.8g/t Au and 0.7% Sb over 1.3m (ETW 1.15m) in BD408; 25.0g/t Au over 1.7m (ETW 1.64m) in BD513; and 21.6g/t Au and 6.7% Sb over 1.65m (ETW 0.92m) in BD49678.
Map of Costerfield showing areas of exploration during Q4 FY26.
Björkdal Gold Operations - Sweden
Björkdalsgruvan AB (100%)
Björkdal Gold Operations (Björkdal) is a wholly owned operation of Alkane. The Björkdal property, containing both the Björkdal mine and the Storheden and Norrberget deposits, is located in Västerbotten County in northern Sweden. Björkdal is located approximately 28 km northwest of the municipality of Skellefteå and approximately 750 km north of Stockholm. The Björkdal property is accessible via Swedish national road 95 or the European highway route E4 followed by all-weather paved roads.
Operations Performance
Björkdal delivered another quarter of consistent mining performance, including preparation for the upcoming summer vacation period. Mined grade was in line with planned grades, with slightly increased development tonnes in higher grade areas. Mill throughput was consistent, projects to improve recovery across varying mineralisation are continuing. Capital works on lifts to the tailings dam facilities ramped up further during the quarter.
A total of 9,935 gold ounces was produced during the quarter (Q3 FY26: 12,433 oz). The site cash costs for the quarter were $3,121/oz (Q3 FY26: $2,506/oz) with an AISC of $4,184 /oz (Q3 FY26: $3,699/oz).2 Gold sold for the quarter was 10,154 ounces at an average sales price of $5,462/oz, generating revenue of $55 million. Finished product stocks were 1,950 ounces. The site’s operating cash flow was $49 million for the quarter.
Exploration
At Björkdal during the quarter drilling progressed on the northern and eastern extensions of the Björkdal mine targeting the open continuation of the deposit. Commenced during the quarter was the skarn extension program targeting the depth continuation of the Lake Zone Skarn body discovered in 2025. Drilling also continued on Storheden targeting the southern portion of the deposit approximately 800m to the northeast of Björkdal.
Geological map of Björkdal showing areas of exploration during Q4 FY26.
Exploration around the Boda-Kaiser Au-Cu deposits for the quarter consisted of drilling a total of 2,555 m testing areas for new Au-Cu mineralised centres. One diamond core drill hole and one RC drill hole were completed testing the area between the Kaiser and Boda deposits. Three RC drill holes were completed to the northeast of Boda-Kaiser testing targets generated from IP and surface geochemical surveys. The diamond core drill hole intersected a magmatic root zone to an intrusive-hydrothermal breccia with two significant intercepts of 23.5m grading 0.17g/t Au 0.14% Cu and 42.1m grading 0.16g/t Au 0.14% Cu. Further drilling is planned to test along strike and up-dip of this breccia3.
District exploration included four RC drill holes for a total of 1,258m testing IP chargeability targets hosted by the Comobella Intrusive Complex at the Haddington and Glen Hollow prospects. The program confirmed the chargeability anomalism intersecting monzonites with pyrite and lesser Cu-Au mineralisation in the drilling with a best intercept of 3m grading 1.74g/t Au 0.07% Cu3.
Mobile Magnetotellurics (MMT) was flown over the project area north of the Boda-Kaiser deposits, defining six high priority targets for porphyry style systems at Driell Creek, Murga, Gollan North, and two new prospects named One Tree and Old Station. On ground validation of these targets has commenced.
Environmental baseline studies to inform the development approval of the Boda-Kaiser Au-Cu resources have continued in the quarter.
Geological map of the Northern Molong Porphyry Project showing areas of interest during Q4 FY26.
Nagambie Project
Period of Earn-In
Under the Earn-in agreement between Nagambie Resources and Alkane Resources, two LM90 drill rigs were mobilised to the Nagambie Mine site during the quarter. A total of 527m of diamond drilling was completed in June focused on Resource delineation drilling of lodes within the Au-Sb Inferred Resource.9
Lupin Reclamation Project
Lupin Mines Inc 100%
Lupin is currently in the process of final closure and reclamation. During the quarter, expenditures were incurred for earthworks and demolition, as well as costs related to procurement, engineering and project management services, site operations and water management.
Reclamation work to achieve the majority of closure obligations continues to take place in the 2026 calendar year. As at 30 June 2026, approximately $12 million in restricted cash stands as a deposit against the present value of certain reclamation cost obligations, with potential for this to be released in the future as the work is completed, providing partial funding.
La Quebrada Exploration Project
Minera Mandalay Limitada 100%
The Company divested this non-core asset by the sale of all shares in Minera Mandalay Limitada to Minera San Geronimo on 18 March 2026 for consideration of US$5 million. All consideration has now been received and there will be no further updates in relation to this matter.
CORPORATE
Cash, Bullion and Listed Investments
UnitsQ1 2026Q2 2026Q3 2026Q4 2026Cash$M160218328432Bullion$M1414347Cash and bullion sub-total$M174232362439Listed Investments$M17141215Total cash, listed investments and bullion$M191246374454 Dividend
Following a year of record production and cashflow, the Board has proposed Alkane's maiden dividend of 2 cents per share, fully franked, in respect of FY26. While the Company does not have a prescriptive dividend policy, it is Alkane's intention to pay sustainable dividends over time, having regard to the prevailing commodity pricing environment, the Company's capital requirements and competing growth opportunities. The proposed dividend has not been declared and remains subject to completion of the audit, satisfaction of the section 254T dividend tests under the Corporations Act, and final Board confirmation.
FY27 Guidance
FY27 production guidance is 163-177kozs gold equivalent at an AISC of $2,900-$3,200 per ounce1. Group exploration expenditure is expected to be $55 to $65 million. Group growth capital is expected to be $160 to $190 million. The primary growth projects are the Newell Highway diversion at Tomingley, the development of Brunswick South at Costerfield, commencement of development to Storheden and tailings dam expansion at Björkdal and mining equipment replacements across the group.
Banking Facilities
At the end of the quarter, the Company had $17 million of equipment financing.
Following the early repayment of the $45 million project finance facility in August 2025, and to provide additional flexibility, liquidity, and broaden banking relationships, Alkane executed an $110 million Revolving Credit Facility (RCF) and $40 million Contingent Instrument Facility (CIF) under a syndicated facilities agreement with Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, Macquarie Bank Limited and Westpac Banking Corporation. The RCF may be used for general corporate purposes. The CIF will allow cash used to back performance guarantees to be returned. Financial close to utilise the facilities occurred on the 8 May 2026. During the June quarter the group received $19 million of cash from previously cash backed bonds.
Investments
At the end of the quarter, Alkane held ~9 million shares in Sky Metals (ASX:SKY) valued at $1.9 million, 30 million shares in Medallion Metals Limited (ASX:MM8) valued at $11.7 million and ~166.7 million shares in Nagambie Resources (ASX:NAG) valued at $1.5m.
Gold Forward Sale Contracts
Tomingley holds the following forward sale contracts:
QuarterAverage Forward Price
$/ozOuncesSeptember 20262,8847,800December 20262,8967,200March 20272,8217,300June 20272,8446,650Total2,86228,950 The Björkdal operation has 43,800 ounces of put options with expiry dates over the period July 2026 to June 2027 at an average strike price of SEK 31,611/oz (~$4,720/oz).
Share Capital
Alkane closed the quarter with the following capital structure:
As at 30 June, 2026Fully Paid Ordinary Shares1,366,204,821Performance Rights11,751,603Total1,377,956,424 Canadian Continuous Disclosure
Alkane Resources Limited is now a "designated foreign issuer" as defined in National Instrument 71-102 – Continuous Disclosure and Other Exemptions Relating to Foreign Issuers of the Canadian Securities Administrators. As a designated foreign issuer, Alkane is subject to the foreign regulatory requirements of the Australian Securities Exchange (ASX) and the Australian Securities and Investments Commission (ASIC), including the ASX Listing Rules and the Corporations Act 2001 (Cth), rather than to certain Canadian continuous disclosure requirements that would otherwise apply to it as a reporting issuer in Canada.
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKRY) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance sheet and is positioned for further growth.
Alkane’s wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of Dubbo in Central West New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in Central Victoria, and the Björkdal underground gold mine northwest of Skellefteå in Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow resources at all three operations.
Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration within the surrounding Northern Molong Porphyry Project and is confident of further enhancing eastern Australia’s reputation as a significant gold, copper and antimony production region.
Interactive Analyst Centre™
Comprehensive financial, operational, resource and reserve information for Alkane Resources is available through the Interactive Analyst Centre™ located in the Investors section of our website at alkres.com.
Competent Person
As an Australian Company with securities listed on the Australian Securities Exchange (ASX), Alkane is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act 2001 and the ASX. Investors should note that it is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia is in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and that Alkane's ore reserve and mineral resource estimates and reporting comply with the JORC Code.
Alkane is also subject to certain Canadian disclosure requirements and standards as a result of its secondary listing on the Toronto Stock Exchange (TSX), including the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101). Investors should note that it is a requirement of Canadian securities law that the reporting of mineral reserves and mineral resources in Canada and the disclosure of scientific and technical information concerning a mineral project on a property material to Alkane comply with NI 43-101.
Unless otherwise advised above or in the ASX Announcements referenced, the information in this report that relates to exploration results, mineral resources and ore reserves is based on information compiled and approved by Mr Chris Davis who is a Member of the Australasian Institute of Mining and Metallurgy and a full-time employee of Alkane Resources Limited. Mr Davis has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code and as a Qualified Person under NI 43-101. Mr Davis consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
The information in this announcement that relates to previously reported exploration results, mineral resources and ore reserves is extracted from the Company’s ASX announcements noted in the text of the announcement and available to view on the Company’s website. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcements and that the form and context in which the Competent Person’s findings are presented have not been materially altered.
Cautionary Note Regarding Forward-Looking Information and Statements
This announcement contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively Forward-Looking Information). Actual results and outcomes may vary materially from the amounts set out in any Forward-Looking Information. As well, Forward-Looking Information may relate to: future outlook and anticipated events; expectations regarding exploration potential; production capabilities and future financial or operating performance, including AISC, investment returns, margins and share price performance; production and cost guidance and the timing thereof; issuing updated resources and reserves estimate and the timing thereof; the potential of Alkane to meet industry targets, public profile and expectations; and future plans, projections, objectives, estimates and forecasts and the timing related thereto.
Forward-Looking Information is generally identified by the use of words like "will", "create", "create", "enhance", "improve", "potential", "expect", "upside", "growth" and similar expressions and phrases or statements that certain actions, events or results "may", "could", or "should", or the negative connotation of such terms, are intended to identify Forward-Looking Information.
Although Alkane believes that the expectations reflected in the Forward-Looking Information are reasonable, undue reliance should not be placed on Forward-Looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-Looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Alkane as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-Looking Information. Forward-Looking Information involves numerous risks and uncertainties. Such factors include, without limitation: risks relating to changes in the gold and antimony price.
Forward-Looking Information is designed to help readers understand Alkane’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Alkane assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Alkane updates any one or more forward-looking statements, no inference should be drawn that the company will make additional updates with respect to those or other Forward-looking Information. All Forward-Looking Information contained in this announcement is expressly qualified in its entirety by this cautionary statement.
Disclaimer
Alkane has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Alkane, its directors, officers, employees, associates, advisers and agents, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.
This announcement is not an offer, invitation, solicitation, or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever.
Non-IFRS Performance Measures
This announcement contains references to all-in sustaining costs which is a non-IFRS measure and does not have a standardised meaning under IFRS. Therefore, this measure may not be comparable to similar measures presented by other companies. All-in sustaining costs include total cash operating costs, sustaining mining capital, royalty expense and accretion of reclamation provision. Sustaining capital reflects the capital required to maintain a site’s current level of operations. All-in sustaining cost per ounce of gold equivalent in a period equals the all-in sustaining cost divided by the equivalent gold ounces produced in the period.
CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677
1 Gold equivalent ounces calculated by multiplying quantities of gold and antimony in period by respective average market price of commodities in period, adding the two amounts to get ‘total contained value based on market price’ and dividing that total contained value by the average market price of gold in period. I.e., AuEq = ((Au Produced x Au $/oz) + (Sb Produced pre-payability x 70% payability x Sb $/t)) / (Au $/oz). The average market prices for the June quarter were $6,349/oz Au (being the average of the daily PM price, sourced from www.lbma.org.uk) and $30,675/t Sb (being the average Shanghai Metal Market Price sourced from www.metal.com). The AUD:USD exchange rate for the June quarter was 0.7098. Average market prices for the March, December and September quarters of FY26 were A$7,015/oz Au and A$29,449/t Sb; A$6,299/oz Au and A$30,245/t Sb; and A$5,283/oz Au and A$33,508/t Sb respectively, using AUD:USD exchange rates of 0.6946, 0.6565 and 0.6544. Metallurgical recoveries for gold and antimony are well established through current and historical plant performance, and actual recoveries achieved during the period are set out in Tables 1, 2 and 5. Antimony is recovered into a gold-antimony concentrate and sold under existing offtake arrangements. It is the Company’s opinion that all of the elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold.
2 AISC is a non-IFRS measure and does not have a standardised meaning under IFRS and might not be comparable to similar financial measures disclosed by other companies. Refer to "Non-IFRS Performance Measures" at the end of this announcement.
3 Refer to ALK Announcement dated 10 June 2026 titled “Boda-Kaiser Regional Exploration Update”.
4 Subject to completion of the audit, satisfaction of the section 254T dividend tests under the Corporations Act, and final Board confirmation. No assurance can be given that any dividend will be declared, or as to the final quantum or timing of any dividend that is declared.
5 As the merger with Mandalay Resources was completed on 5 August 2025, Alkane’s statutory reported production for FY2026 reflects production from Costerfield and Björkdal only from that date. Full year production and costs can be found in tables 5 and 6 at the end of this report.
6 Assay results from the True Blue program were reported in ALK announcement dated 6 July 2026 titled “Costerfield – True Blue Exploration Update”.
7 Refer to ALK announcement dated 14 July 2026 titled “Alkane Extends High Grade Gold Trend at Brunswick South”.
8 Gold equivalent values for these exploration results are calculated as AuEq (g/t) = Au (g/t) + 2.39 x Sb (%), with the factor of 2.39 based on a gold price of US$2,500/oz, an antimony price of US$19,000/t and predicted metallurgical recoveries of 91% for gold and 92% for antimony, based on current and historical performance of the Costerfield processing plant. Both gold and antimony are recovered and sold under existing arrangements, and it is the Company’s opinion that all of the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.
9 Refer to NAG announcement dated 15 November 2024 titled “Gold-Antimony JORC Resource Updated”.
Photos accompanying this announcement are available at:
Alaska Air Group (ALK - Free Report) closed the most recent trading day at $45.51, moving -4.43% from the previous trading session. This move lagged the S&P 500's daily loss of 1.01%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 1.4%.
Prior to today's trading, shares of the airline had lost 3.33% lagged the Transportation sector's gain of 3.24% and the S&P 500's gain of 0.32%.
Analysts and investors alike will be keeping a close eye on the performance of Alaska Air Group in its upcoming earnings disclosure. The company's earnings report is set to go public on July 21, 2026. The company's upcoming EPS is projected at -$0.97, signifying a 154.49% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.09 billion, reflecting a 10.55% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.06 per share and revenue of $15.85 billion, indicating changes of -102.46% and +11.32%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Alaska Air Group should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 94% higher. At present, Alaska Air Group boasts a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Wall Street analysts forecast that Alaska Air Group (ALK - Free Report) will report quarterly loss of -$0.97 per share in its upcoming release, pointing to a year-over-year decline of 154.5%. It is anticipated that revenues will amount to $4.09 billion, exhibiting an increase of 10.5% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 76.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Alaska Air metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Total Passenger Revenue' of $3.71 billion. The estimate indicates a year-over-year change of +10.5%.
Analysts forecast 'Revenue- Loyalty program other revenue' to reach $224.08 million. The estimate indicates a change of +6.7% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Cargo and other' reaching $163.01 million. The estimate suggests a change of +17.3% year over year.
The combined assessment of analysts suggests that 'Passenger Load Factor' will likely reach 84.0%. The estimate compares to the year-ago value of 83.9%.
Based on the collective assessment of analysts, 'Total revenue per ASM (RASM)' should arrive at N/A. The estimate is in contrast to the year-ago figure of N/A.
The consensus estimate for 'Available seat miles (ASM)' stands at 24.28 billion. The estimate compares to the year-ago value of 24.06 billion.
According to the collective judgment of analysts, 'Revenue passenger miles (RPM)' should come in at 20.45 billion. The estimate compares to the year-ago value of 20.18 billion.
The consensus among analysts is that 'Fuel Expenses' will reach $1.33 billion. The estimate compares to the year-ago value of $700.00 million.
Analysts predict that the 'Passenger Yield' will reach N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts expect 'Fuel gallons' to come in at 296 millions of gallons. Compared to the present estimate, the company reported 293 millions of gallons in the same quarter last year.
The average prediction of analysts places 'Operating expenses per ASM, excluding fuel and special items' at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
It is projected by analysts that the 'ASMs per fuel gallon' will reach $82.0 gallons. The estimate is in contrast to the year-ago figure of $82.0 gallons.
View all Key Company Metrics for Alaska Air here>>>
Shares of Alaska Air have demonstrated returns of -0.8% over the past month compared to the Zacks S&P 500 composite's +0.5% change. With a Zacks Rank #3 (Hold), ALK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
SummaryAlaska Air Group is rated Buy with a $60 fair value, reflecting a belief that current losses are driven by temporary fuel shocks.Despite a $193M Q1 loss and suspended guidance, ALK's underlying franchise—loyalty, premium, corporate, and international—continues to show robust growth.Management's 'Alaska Accelerate' plan targets $10 EPS by 2027, leveraging loyalty expansion, premium seat retrofits, and international growth to drive margin improvement.Valuation is attractive at 7.16x FY2027E earnings; risk/reward skews positive if fuel costs normalize and unit revenue holds, with Q2 results a key inflection point. ReDunnLev/iStock Editorial via Getty Images
I have an Alaska (ALK) rating of Buy and a $60 fair value based on its July 14, 2026, closing price of $46.87. I think the market is pricing in a fuel shock that will probably be temporary, and the franchise under the loss line - loyalty, premium, corporate, and
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
July 15, 2026 20:15 ET | Source: Alkane Resources Limited
PERTH, Western Australia, July 15, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (‘Alkane’) will release its Q4 FY2026 Operating Financial Results on 21 July 2026. Following this, the Managing Director & CEO, Mr Nic Earner, and CFO, Mr James Carter, will host a conference call and webcast to discuss these results. Details to participate are as follows:
The accompanying presentation slides will be available on the Company’s website – HERE.A replay of the webcast will be available on the Company’s website – HERE.Investors may submit questions for the event by sending their questions to [email protected].
This document has been authorised for release to the market by Nic Earner, Managing Director and CEO.
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKRY) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance sheet and is positioned for further growth.
Alkane’s wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of Dubbo in Central West New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in Central Victoria, and the Björkdal underground gold mine northwest of Skellefteå in Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow resources at all three operations.
Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration within the surrounding Northern Molong Porphyry Project and is confident of further enhancing eastern Australia’s reputation as a significant gold, copper and antimony production region.
Interactive Analyst Centre™
Comprehensive financial, operational, resource and reserve information for Alkane Resources is available through the Interactive Analyst Centre™ located in the Investors section of our website at alkres.com.
CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677
Key Takeaways Alaska Air may gain bookings from eclipse demand on its seasonal Seattle-Reykjavik route. Icelandair's codeshare offers single-ticket access to more than 35 daily European destinations. Atmos Rewards, Wi-Fi, lounge access and premium amenities may support loyalty and future demand. Alaska Air Group (ALK - Free Report) is expected to benefit from strong leisure travel demand driven by the Aug. 12, 2026, total solar eclipse, which boosts traffic on its seasonal nonstop Seattle-Reykjavik service. By positioning Iceland as a premier destination to witness the celestial event, the airline is likely to attract incremental travelers, thereby supporting higher bookings and passenger volumes during the peak summer travel season.
The initiative also highlights ALK's growing international presence. Its daily nonstop Seattle-Reykjavik service offers convenient access to Iceland. The expanded bilateral codeshare partnership with Icelandair allows customers to book single-ticket itineraries to more than 35 daily destinations across Europe. This broader connectivity enhances the attractiveness of Alaska's international network and provides customers with greater travel flexibility.
Additionally, the promotion is expected to drive engagement with the Atmos Rewards program. Customers can earn and redeem points on flights, vacation packages and hotel stays booked through Alaska Vacations, creating additional incentives to book travel with ALK. The combination of loyalty benefits, premium onboard amenities, complimentary Wi-Fi and lounge access for eligible travelers is likely to enhance the overall travel experience, strengthen customer loyalty and support future demand.
ALK’s Share Price PerformanceALK’s shares have gained 10% in the past three months compared with the Transportation sector’s 8.9% growth.
Image Source: Zacks Investment Research
ALK’s Zacks RankALK currently carries a Zacks Rank #3 (Hold).
Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and Teekay Tankers Ltd (TNK - Free Report) .
EXPD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Expeditors has an expected earnings growth rate of 11.9% for 2026. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.96%.
Teekay Tankers Ltd currently sports a Zacks Rank #1.
TNK has an expected earnings growth rate of 98% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 10.2%.
The market expects Alaska Air Group (ALK - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis airline is expected to post quarterly loss of $0.97 per share in its upcoming report, which represents a year-over-year change of -154.5%.
Revenues are expected to be $4.09 billion, up 10.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 76.07% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Alaska Air?For Alaska Air, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.88%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Alaska Air will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Alaska Air would post a loss of$1.61 per share when it actually produced a loss of -$1.68, delivering a surprise of -4.35%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Alaska Air doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Transportation - Airline industry, Controladora Vuela (VLRS - Free Report) , is soon expected to post loss of $0.97 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -79.6%. This quarter's revenue is expected to be $849.63 million, up 22.6% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Controladora Vuela has been revised 51.4% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Controladora Vuela will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Key Takeaways Alaska Air is set to report Q2 results on July 21, with revenues estimated at $4.09 billion. Passenger revenues are projected to rise 9.8%, supported by stabilizing domestic travel demand. Geopolitical uncertainty, tariffs and inflation may pressure traffic. yields and revenue growth. Alaska Air Group (ALK - Free Report) is scheduled to report second-quarter 2026 results on July 21, after market close.
The Zacks Consensus Estimate for ALK’s second-quarter 2026 earnings per share has been revised downward by 4.30% in the past 60 days to 97 cents. The consensus mark implies a more than 100% decline from the year-ago actuals. The Zacks Consensus Estimate for ALK’s second-quarter 2026 revenues is pegged at $4.09 billion, indicating 10.6% growth year over year.
ALK has a mixed earnings surprise history, having outperformed the Zacks Consensus Estimate in two of the preceding four quarters and missing twice in the remaining, delivering an average beat of 73.8%.
Let’s see how things have shaped up for ALK this earnings season.
Factors Likely to Have Influenced ALK’s Q2 PerformanceWe expect ALK's performance in the to-be-reported quarter to have been boosted by an uptick in total revenues, driven by high passenger revenues, as domestic air-travel demand stabilizes.
Strong passenger traffic during the holiday travel period likely supported top-line growth in the to-be-reported quarter. Our model projects passenger revenues to have increased 9.8% year over year in the second quarter of 2026. Additionally, we estimate cargo and other revenues at $185.1 million, representing a 33.2% increase from the prior-year period.
On the contrary, geopolitical uncertainty, tariff-related pressures and persistent inflation are likely to have weighed on ALK’s operations. These headwinds might have caused volatility in passenger traffic and, in turn, limited the airline’s ability to maintain strong yields and consistent revenue growth.
What Our Model Says About ALKOur proven model does not conclusively predict an earnings beat for ALK this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here.
ALK has an Earnings ESP of -0.88% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Highlights of ALK’s Q1 EarningsALK reported a wider-than-expected loss in the first-quarter of 2026. Revenues edged past the Zacks Consensus Estimate. The company reported a loss of $1.68 per share, wider than the Zacks Consensus Estimate of a loss of $1.61. In the year-ago quarter, ALK reported a loss of 77 cents per share.
Meanwhile, operating revenues of $3.30 billion beat the Zacks Consensus Estimate of $3.27 billion. Total revenues jumped 5.2% year over year, with passenger revenues accounting for 88.5% of the top line and increasing 4% to $2.92 billion, but missing our model estimate of $2.96 billion.
Stocks to ConsiderHere are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Expeditors International of Washington (EXPD - Free Report) has an Earnings ESP of +2.18% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
EXPD is set to report second-quarter 2026 earnings on Aug. 4. The Zacks Consensus Estimate for Expeditors’ second-quarter 2026 earnings has been revised 1.26% upward over the past 60 days. EXPD’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, delivering an average beat of 13.96%.
Schneider National (SNDR - Free Report) has an Earnings ESP of +3.76% and a Zacks Rank #3 at present. SNDR is scheduled to report second-quarter 2026 earnings on July 30.
The Zacks Consensus Estimate for second-quarter 2026 earnings has been revised downwards by 4.35% over the past 60 days to 22 cents. SNDR’s earnings beat the Zacks Consensus Estimate in one of the preceding four quarters (missing the mark twice and met the mark once in the remaining three quarters). The average miss is 17.97%.
Alaska Air Group (ALK - Free Report) closed the most recent trading day at $49.42, moving -1.44% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.29%.
Heading into today, shares of the airline had gained 7.46% over the past month, outpacing the Transportation sector's gain of 0.73% and the S&P 500's gain of 2.2%.
Analysts and investors alike will be keeping a close eye on the performance of Alaska Air Group in its upcoming earnings disclosure. The company's earnings report is set to go public on July 21, 2026. In that report, analysts expect Alaska Air Group to post earnings of -$0.97 per share. This would mark a year-over-year decline of 154.49%. Meanwhile, the latest consensus estimate predicts the revenue to be $4.09 billion, indicating a 10.55% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.25 per share and a revenue of $15.85 billion, indicating changes of -110.25% and +11.32%, respectively, from the former year.
Any recent changes to analyst estimates for Alaska Air Group should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 75.05% higher. Alaska Air Group is currently a Zacks Rank #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 173, finds itself in the bottom 30% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ALK in the coming trading sessions, be sure to utilize Zacks.com.
PERTH, Australia, July 08, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKRY) ("Alkane" or "the Company") is pleased to report further positive results from extension and infill drilling at the Björkdal Gold Mine in Sweden. Program Summary An additional 29 drill holes have been completed targeting the Eastern and Northern extensions of the Björkdal mine since Alkane's previous release (ASX announcement 15 October 2025 titled ‘Björkdal Resources and Reserves Statement FY25') The new drilling, completed in rolling phases of extension and infill across both target areas, has significantly enhanced confidence in the understanding of vein geometry and grade-controlling structures.
Alaska Air Group (ALK - Free Report) ended the recent trading session at $50.41, demonstrating a -1.33% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.12%.
Shares of the airline witnessed a gain of 19.31% over the previous month, beating the performance of the Transportation sector with its gain of 4.32%, and the S&P 500's loss of 0.9%.
Market participants will be closely following the financial results of Alaska Air Group in its upcoming release. It is anticipated that the company will report an EPS of -$0.97, marking a 154.49% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.1 billion, reflecting a 10.64% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.65 per share and a revenue of $15.84 billion, signifying shifts of -126.64% and +11.22%, respectively, from the last year.
Any recent changes to analyst estimates for Alaska Air Group should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 36.04% higher. Right now, Alaska Air Group possesses a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 22% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Bank of America Securities (BofA) analyst Andrew G. Didora has adopted a more positive outlook on U.S. airlines ahead of second-quarter earnings, citing strong demand, stable fares, and lower fuel prices as key sector supports.
BofA noted that spring fare increases have mostly persisted, and stable summer capacity is expected to support unit revenue through the third quarter.
The firm raised estimates and price forecasts across its airline coverage, but warned that faster fourth-quarter capacity growth could moderate unit revenue gains later in 2026.
Buy-Rated Network Carriers: Delta, United, AlaskaDelta: Pricing Power Supports Buy Rating
BofA stated that Delta should benefit from premium and corporate exposure, strong margins, and solid free cash flow. Third-quarter unit revenue is expected to accelerate as bookings reflect higher fares.
United’s Margin Expansion Path Stands Out
BofA noted that United benefits from a strong industry position, healthy margins, and opportunities for further margin expansion. Third-quarter unit revenue and costs are expected to rise due to strong demand and fare increases.
Alaska: Valuation Offsets Hawaii Pressure
Despite near-term fuel pressure, BofA raised its 2026 EPS forecast to $1.04, citing Alaska’s premium exposure, international growth, and valuation as support for the Buy rating.
BofA noted that American faces higher earnings volatility due to leverage. While improving demand and pricing are positive, lower margins, higher leverage, and weaker free cash flow keep it behind other network airlines.
Allegiant: Demand Strength Meets Deal Risk
BofA stated that stronger demand and lower fuel costs support Allegiant’s outlook, but the risk associated with Sun Country integration limits potential upside.
BofA noted that Southwest should benefit from healthy demand and firm pricing, but its business transformation introduces execution risk as initiatives reach their third-quarter run rate.
JetBlue: Leverage Keeps BofA Cautious
BofA stated that JetBlue should benefit from Spirit’s exit and healthy demand, but rising second-half capacity, weak earnings, and high leverage keep the firm cautious.
Frontier: Margin Profile Limits Upside
BofA noted that lower fuel costs and utilization-driven capacity growth should benefit Frontier, but its weaker margin profile keeps the firm cautious.
Price Action: At the time of publication Wednesday, DAL shares were trading higher by 0.41% at $94.04, UAL by 0.22% at $136.01, AAL by 1.36% at $18.32, ALGT by 3.29% at $121.47, JBLU by 1.40% at $5.81 and ULCC by 0.06% at $7.92, while ALK slipped 0.48% to $52.18 and LUV fell 1.22% to $50.79.
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In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $53.86, marking a +1.07% move from the previous day. This change outpaced the S&P 500's 0.05% loss on the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the airline had gained 14.38% over the past month, outpacing the Transportation sector's gain of 5.43% and the S&P 500's loss of 1.42%.
Analysts and investors alike will be keeping a close eye on the performance of Alaska Air Group in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.93, marking a 152.25% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.1 billion, up 10.64% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.72 per share and revenue of $15.84 billion, which would represent changes of -129.51% and +11.22%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alaska Air Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 30.54% higher. Alaska Air Group currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 210, finds itself in the bottom 14% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Traders on Polymarket, the cryptocurrency-based prediction market, are betting that Anthropic's suspended Claude Fable 5 model will stay offline for US customers well into the summer.
The standout figure is not the headline number but how far traders have pushed their expectations out.
The market gives just a 6% chance that access is restored today, and even by 1 July, almost three weeks after the ban, the implied probability sits at only 59%.
That leaves a 41% chance the model remains unavailable into July, hardly the picture of a quick resolution.
The near-term contracts have collapsed in recent trading.
The odds of restoration by 19 June fell 23%, while bets on 26 June dropped 31%, with money instead flowing into later dates.
Only the 1 July contract rose, up 13%, confirming that traders see the standoff dragging on rather than ending imminently.
The market has turned over $541,776 in volume.
The bets follow an abrupt intervention by Washington.
On 12 June, the US government issued an export control directive ordering Anthropic to suspend access to Fable 5 and its more powerful sibling, Mythos 5, for all foreign nationals, citing national security.
To comply, Anthropic disabled both models for every customer worldwide, though its other models, including Opus 4.8, were unaffected.
The government's concern centres on a claimed method of bypassing, or jailbreaking, Fable 5's safety controls to surface software vulnerabilities.
Anthropic has complied with the order but publicly disagreed, arguing the technique is narrow, already known, and present in rival models.
The company says it is working to restore access as quickly as possible, but has set no timeline.
That uncertainty is precisely what the prediction market is pricing.
With no firm return date and a legal dispute that could run for weeks, traders appear unwilling to bet on a swift climbdown by either side.
The episode has also landed at an awkward moment, coming shortly after Anthropic confidentially filed for a stock market listing.
Regulatory risk has now become part of the company's flotation story, sharpening the stakes around how and when the dispute is resolved.
With more than 25 years at Alaska across finance, strategy, commercial and labor relations, Tackett brings deep operating knowledge and financial discipline to an expanded leadership role across the company's operations and brands The promotion strengthens Alaska's leadership team as the airline advances its Alaska Accelerate plan and grows as a global carrier , /PRNewswire/ -- Alaska Airlines today announced the election of Shane Tackett to President and Chief Financial Officer of Alaska Airlines, expanding his leadership role as the company continues to execute its long-term strategy for profitable growth and deliver on the combined airline's vision of connecting guests to the world through a remarkable travel experience rooted in safety, care and performance.
Ben Minicucci and Shane Tackett In this role, Tackett will continue leading the organization's finance, fleet management, investor relations, supply chain, internal audit and information technology functions, while also adding the commercial organization, led by Chief Commercial Officer Andrew Harrison, to his portfolio of responsibilities. His promotion builds on a career spanning more than 25 years at Alaska, where he has held leadership roles across financial planning, labor relations, revenue management, e-commerce and strategy, and reflects CEO Ben Minicucci's continued efforts to lead and develop a world-class management team highly capable of building on the success of Alaska Air Group, while deftly managing historic headwinds for our industry.
"Shane's promotion to president of Alaska Airlines marks an important step as we continue investing in leadership capacity to execute our global ambitions and integrate Hawaiian Airlines," said Minicucci, CEO and President of Alaska Air Group and CEO of Alaska Airlines. "I'm proud of the leadership team we've built, and I'm energized by the work ahead."
"Shane's deep history with our company, industry expertise and financial leadership have helped Alaska navigate complexity, invest for growth and stay focused on long-term value creation. Bringing commercial and finance leadership together under Shane will strengthen alignment and accelerate our priorities as we continue advancing our strategy and creating long-term value for our stakeholders," added Minicucci.
Since becoming Chief Financial Officer in 2020, Tackett has helped guide Alaska through a period of significant change for the industry while strengthening the company's balance sheet and helping shape major strategic decisions, including the acquisition and integration of Hawaiian Airlines. He also has been a key leader behind Alaska Accelerate, the company's plan to drive value across cycles and position Alaska for sustained earnings growth.
"I started at Alaska more than 25 years ago, and over that time we've built a stronger, more resilient airline with a clear strategy for the future," said Tackett. "As President and Chief Financial Officer, I'm excited to help lead even more of this organization as we continue executing Alaska Accelerate, growing our global relevance and delivering for our guests, employees and owners."
Tackett's new role is effective June 29, 2026. He will report to Minicucci and continue to serve on the company's Executive Committee. Shane's election to President of Alaska Airlines follows the leadership announcements made last September of Diana Birkett Rakow as CEO of Hawaiian Airlines, Andy Schneider as CEO and President of Horizon Air and Jason Berry as Chief Operating Officer. Other recent announcements include the promotion of Kyle Levine to EVP, Corporate & Public Affairs, Chief Legal Officer and Corporate Secretary as well as the appointment of Lindsay-Rae McIntrye as Chief People Officer.
About Alaska, Hawaiian and Horizon
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."
Key Takeaways ALK broke ground on a $135M Portland hangar to support Alaska and Hawaiian Airlines fleets. ALK's new facility can service up to three narrowbody or two widebody aircraft at once. Alaska Airlines expects the project to add 100 skilled jobs and support sustainability goals. Alaska Air Group (ALK - Free Report) is strengthening its maintenance infrastructure and operational capabilities through the construction of a new maintenance hangar at Portland International Airport. The company is investing more than $135 million in the facility, which will add approximately 125,000 square feet of indoor aircraft maintenance space and 60,000 square feet dedicated to offices, workshops and support functions. The project is expected to be completed in the second quarter of 2028 and will support both Alaska Airlines and Hawaiian Airlines fleets.
The new hangar should enhance ALK's operational efficiency by enabling maintenance crews to service up to three narrowbody aircraft or two widebody aircraft simultaneously. This added capacity is expected to accelerate aircraft turnaround times, improve fleet availability and reduce pressure on existing maintenance facilities in Seattle and other hubs. The ability to accommodate widebody aircraft, including Boeing 787-9s, also provides greater flexibility as the company integrates Hawaiian Airlines and optimizes its combined network.
The investment underscores Alaska's long-term commitment to Portland, one of its most important West Coast hubs. The airline currently operates more than 130 daily departures from the city and expects to offer 50% more seats in Portland this fall than two years ago. Recent investments, including an expanded airport lobby presence and a new Alaska Lounge, reflect the carrier's efforts to strengthen its competitive position and meet growing passenger demand in the Pacific Northwest.
Beyond operational benefits, the project is expected to generate more than 100 highly skilled jobs for maintenance technicians, engineers and service professionals, contributing to local economic growth. The planned LEED-certified facility, featuring EV charging stations, water-conservation measures and sustainable building materials, also aligns with the company's sustainability objectives. Overall, the project should strengthen ALK's maintenance network, support future growth opportunities and improve the resilience of its expanding airline operations.
ALK’s Share Price PerformanceALK’s shares have gained 29.7% in the past three months compared with the Transportation - Airline industry’s 18.2% growth.
Image Source: Zacks Investment Research
ALK’s Zacks RankALK currently carries a Zacks Rank #3 (Hold).
Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and Teekay Tankers Ltd (TNK - Free Report) .
EXPDcurrently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Expeditors has an expected earnings growth rate of 11.9% for 2026. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.96%.
Teekay Tankers Ltd currently sports a Zacks Rank #1.
TNK has an expected earnings growth rate of 98% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 10.2%.
Alaska Air Group (ALK - Free Report) ended the recent trading session at $48.27, demonstrating a -1.71% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Coming into today, shares of the airline had gained 35.63% in the past month. In that same time, the Transportation sector gained 6.76%, while the S&P 500 gained 1.56%.
The investment community will be closely monitoring the performance of Alaska Air Group in its forthcoming earnings report. The company is predicted to post an EPS of -$0.93, indicating a 152.25% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.1 billion, indicating a 10.64% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.01 per share and a revenue of $15.84 billion, demonstrating changes of -141.39% and +11.22%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Alaska Air Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.53% higher. Alaska Air Group presently features a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 201, finds itself in the bottom 18% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
The airline's new maintenance facility will empower its operations up and down the West Coast
The hangar will add 125,000 square feet of space for indoor aircraft maintenance and will enable the airline to service widebody aircraft The facility is slated to create more than 100 jobs for local workers The project builds on the airline's strong commitment to Portland, where it is the carrier with the most flights , /PRNewswire/ -- Today, Alaska Airlines celebrates the ceremonial groundbreaking of a new maintenance hangar in Portland, Oregon. Following final permitting approvals, this hangar will be constructed adjacent to the airline's existing Horizon Air Ops Center & Maintenance Hangar at Portland International Airport (PDX), adding approximately 125,000 square feet of space for indoor aircraft maintenance of Alaska Airlines and Hawaiian Airlines' mainline fleets and 60,000 square feet of space for offices, engine, machine and sheet metal shops and support areas.
Rendering of future Alaska Airlines hangar The new facility will allow maintenance technicians to work on up to three narrowbody aircraft or two widebody aircraft at one time, enabling the airline to recover out-of-service aircraft more quickly and relieve pressure on its primary maintenance facilities in Seattle and other hubs.
"A new maintenance hangar in Portland is both an investment in one of our critical hubs and a key that unlocks growth possibilities throughout our network," said Benjamin Brookman, Vice President of Real Estate and Airport Affairs at Alaska Airlines. "With more flexibility on where we can perform maintenance and the aircraft we can service, we can run our operation more efficiently."
The new hangar represents the carrier's ongoing commitment to Portland and the nearly 3,000 Alaska Airlines, Hawaiian Airlines and Horizon Air employees based in the area. The facility is slated to create more than 100 highly skilled jobs for local maintenance technicians, engineers and service professionals.
"PDX is a job-generating, economic powerhouse, fueling the Port's work to create good-paying opportunities that support families, growth and connection," said Port of Portland Chief Aviation Officer Dan Pippenger. "The new hangar embodies our strong partnership with Alaska, and our mutual commitment to making our region a place where everyone can thrive. It's a smart investment in our local talent that's sure to boost our region's economy and strengthen our future."
Alaska Airlines has proudly served Portland since 1979 and is the city's largest carrier with more than 130 daily departures this summer. The hangar construction project builds on Alaska's recent series of investments at PDX. The airline expanded its airport lobby presence at PDX in 2024 and opened a new, 14,000-foot Alaska Lounge earlier this month. This summer, Alaska will provide new flight options for its guests in Portland, launching year-round service to Everett/Paine Field (PAE) and Pasco–Tri-Cities (PSC), along with seasonal service to Baltimore (BWI), Philadelphia (PHL), St. Louis (STL) and Jackson Hole (JAC). By this fall, Alaska will offer 50% more seats in Portland than just two years ago, reflecting strong demand for travel from the Pacific Northwest city.
FAQ
Where is the facility located?
7646 NE Airtrans Way, Portland, OR. When will the facility be fully built?
The anticipated completion of the facility is the second quarter of 2028. How many jobs will the facility create?
The facility is slated to create more than 100 highly skilled jobs for local maintenance technicians, engineers and service professionals. Will the facility be LEED certified?
Yes, the facility will be LEED certified. It will also feature EV charging stations, water conservation features and sustainable building materials. Why is Portland important to Alaska Airlines?
Portland is one of Alaska Airlines' key West Coast hubs, with more than 130 daily departures scheduled for this summer. By this fall, Alaska will offer 50% more seats in Portland than just two years ago, reflecting strong demand for travel and the airline's continued investment in the market. How much did Alaska invest in the new hangar?
Alaska is investing over $135 million in its new maintenance hangar, as part of its broader investment in its operation in Portland. If the new hangar can hold 787-9 aircraft, does that mean Alaska plans to add global flights from Portland?
Alaska doesn't currently offer global routes from Portland, but we are always evaluating our flight network and considering which routes could make the most sense for each market. Will this new hangar complement or replace facilities operated by Hawaiian Airlines prior to the integration?
The new hangar will complement the airline's existing PDX footprint, which includes Hawaiian Airlines facilities and Horizon Air's operations center. After a joint collective bargaining agreement (JCBA) is ratified for the Alaska and Hawaiian Maintenance & Engineering teams, we will have a clear understanding of the composition of our combined workforce. About Alaska, Hawaiian and Horizon
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."
US airline stocks could require stronger earnings expectations to sustain recent gains, according to UBS, which wrote that investor focus is likely to shift back toward company fundamentals as geopolitical concerns ease.
The airline sector has rallied in recent days, with the U.S. Global Investors (NASDAQ:GROW) Jets ETF (JETS) gaining 12% over the past three trading sessions amid optimism surrounding a potential resolution to the Iran conflict and the possible reopening of the Strait of Hormuz.
However, UBS wrote that airline shares retreated from their intraday highs during the latest session, suggesting the group could enter a period of consolidation in the near term.
The firm wrote that volatility tied to macroeconomic and geopolitical headlines should normalize, placing greater emphasis on second-quarter earnings results and company outlooks.
UBS wrote that upward earnings revisions will likely be needed to drive the next leg higher for airline stocks, noting that valuation expansion has already contributed significantly to recent gains.
Based on 2027 consensus estimates, UBS noted that Delta Air Lines Inc (NYSE:DAL) trades at roughly 10.5 times earnings, Southwest Airlines Co (NYSE:LUV) at 10 times, United Airlines Holdings Inc (NASDAQ:UAL, XETRA:UAL1) at 8.5 times, American Airlines Group Inc (NASDAQ:AAL, XETRA:A1G) at 7 times, Air Canada (TSX:AC.B) at 10.5 times, and Alaska Air Group (NYSE:ALK) at 8 times. The firm characterized most of those valuations as broadly reasonable to fully valued, while identifying United and Alaska as carriers that could still see additional valuation upside.
The analysts also highlighted potential upside to industry revenue expectations. UBS wrote that consensus second-half revenue per available seat mile (RASM) forecasts for the three largest US carriers imply a slowdown in demand later this year. However, its industry checks and discussions with companies have not yet indicated a meaningful deterioration in demand trends.
That dynamic could create room for higher RASM estimates and earnings revisions, particularly if lower fuel costs are accompanied by stable demand.
Among major carriers, UBS wrote that United Airlines appears best positioned to benefit from both earnings growth and potential valuation expansion. The firm estimated that United's stock could gain an additional 12% if its valuation premium relative to Delta narrows toward historical averages.
Currently, Delta trades at a price-to-earnings premium of more than two turns compared with United. UBS wrote that the gap reflects Delta's refinery-related benefits during periods of elevated fuel prices as well as investor concerns about potential merger-and-acquisition activity involving United.
Recent declines in jet fuel prices could help narrow that valuation gap. Jet fuel prices have fallen approximately 13% over the past three trading sessions and about 40% from April highs, according to UBS.
The firm also wrote that investors have become more comfortable with the view that United is unlikely to pursue a highly leveraged airline acquisition following recent company comments.
Historically, UBS wrote that Delta has rarely maintained a valuation premium of more than two earnings turns over United for an extended period, except during 2014 and 2015 when profitability differences between the two carriers were substantially larger than they are today.
Regarding fuel-price sensitivity, UBS identified Alaska Air and American Airlines as the carriers with the greatest earnings leverage to lower fuel costs. The brokerage estimated that a $0.10 decline in fuel prices would increase 2027 earnings per share by approximately 13% for Alaska Air and 16% for American.
For other large US airlines, UBS wrote that the same fuel-price decline would boost earnings per share by about 4.5% for Delta and roughly 6% for both United and Southwest.
While lower fuel costs could support earnings across the industry, UBS wrote that investors are unlikely to award higher valuation multiples for earnings gains driven solely by cheaper fuel, making sustained revenue strength an important factor for future stock performance.
What happenedAccording to a filing with the U.S. Securities and Exchange Commission dated May 14, 2026, Cobalt Capital Management sold its entire stake of 260,000 shares in Alaska Air Group (ALK +2.25%) during the first quarter. The quarter-end position value dropped by $13.08 million, reflecting both the transaction and share price fluctuations.
What else to knowCobalt Capital Management fully exited Alaska Air Group.
Top holdings after the filing:
NYSEMKT:GLD: $21.51 million (12.0% of AUM)NASDAQ:HON: $19.21 million (10.8% of AUM)As of May 14, 2026, shares of Alaska Air Group were priced at $38.16, down 29.5% over the past year, underperforming the S&P 500 by 56.84 percentage points.
Company OverviewMetricValueRevenue (TTM)$14.40 billionNet Income (TTM)$73.00 millionMarket Capitalization$4.87 billionPrice (as of market close 2026-05-14)$38.16Company SnapshotAlaska Air Group is a leading North American airline with a diversified network serving both passenger and cargo markets. The company leverages operational scale and regional partnerships to maintain competitive service offerings and route flexibility.
The company provides passenger and cargo air transportation services across approximately 120 destinations in North America, operating through Mainline, Regional, and Horizon segments. It generates revenue from passenger and cargo air transportation services, operating through Mainline, Regional, and Horizon segments.
Alaska Air Group serves passenger and cargo clients across approximately 120 destinations throughout North America.
What this transaction means for investorsAlaska Air Group aims to strengthen its revenue base through the Hawaiian Airlines acquisition, despite ongoing pressure from jet fuel price volatility. The combined company, now including Alaska Airlines, Hawaiian Airlines, and Horizon Air, is positioned to grow premium, loyalty, corporate, and international revenue.
First-quarter results reflected this transition. The company’s revenue reached approximately $3.3 billion, with premium revenue up 8%, loyalty cash remuneration up 12%, and managed corporate revenue up 19%. These categories reduce Alaska’s reliance on basic seat volume. However, the company reported a $193 million GAAP net loss and suspended full-year guidance due to unpredictable fuel prices.
Investors will closely monitor whether this expanded network can deliver sustainable revenue gains that are not offset by fuel and integration costs. The Hawaiian integration can help the airline expand beyond its old footprint, but the benefits need to show up after fuel, labor, and integration costs. Premium cabins, loyalty revenue, corporate travel, and early long-haul routes give Alaska more ways to improve the business, but the clearest signal will be earnings visibility returning while those higher-quality revenue streams keep growing.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Honeywell International. The Motley Fool recommends Alaska Air Group. The Motley Fool has a disclosure policy.
, /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc., Hawaiian Airlines, Inc. and Horizon Air Industries Inc., today announced it will webcast a fireside chat with Chief Financial Officer Shane Tackett at 8:45 a.m. ET, Wednesday, June 3, 2026, from the TD Cowen 10th Annual Future of the Consumer Conference. The presentation will be webcast live at news.alaskaair.com/investor-relations.
About Alaska Air Group
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."
New First Class and Main Cabin pre-order dining delivers greater choice and better quality for guests James Beard Award finalist Chef Sheldon Simeon brings Hawaiʻi's flavors onboard with a new, locally inspired Main Cabin menu Huakaʻi by Hawaiian members to enjoy two free meals as a mahalo for their loyalty New local snack partners elevate complimentary onboard offerings with island-made favorites , /PRNewswire/ -- As a continuation of Hawaiian Airlines' signature onboard hospitality, the airline is redefining island-inspired dining in the Main Cabin with a new onboard service program that delivers greater choice, improved quality and a deeper connection to the flavors of Hawai'i.
Starting July 1, guests in Main Cabin on most flights between Hawai'i and the U.S. continent will enjoy pre-ordered meals from a fresh, chef-curated menu available for purchase. Hawaiian, which developed the program with Maui-based, James Beard finalist Chef Sheldon Simeon, is also introducing new locally made products and enhanced service elements – delivering a richer taste of Hawai'i and a service experience grounded in Hawaiian's signature Mea Hoʻokipa hospitality.
"At Hawaiian Airlines, food has always been a core expression of our Hawaiian hospitality — our special way of welcoming guests onboard and inviting them into our island home," said Alisa Onishi, Managing Director of Hawai'i Marketing at Hawaiian Airlines. "We designed our new Main Cabin meal program based on guest preference for more control and choice, while allowing us to deliver food that better reflects the richness of Hawaiʻi's culinary traditions. By moving to a pre-order model, we're expanding beyond a single standard meal to offer a broader menu that reflects how our guests want to dine today."
Chef-driven menu rooted in Hawai'i
The heart of Hawaiian's new dining program comes from its longstanding partnership with Chef Simeon, a nationally recognized restaurateur. Known for his beloved Maui restaurants, Tin Roof and Tiffany's, Simeon brings deep culinary expertise and a passion for celebrating Hawai'i's diverse food culture.
His menu features elevated takes on local favorites and comfort foods, including dishes such as crispy mochiko chicken with garlic noodles, barbecue teriyaki chicken bento and corned beef hash with eggs. Many items highlight signature flavors from Simeon's restaurants, including his popular sauces, K mayo, teriyaki and banana bread syrup, as well as his popular crispy topping made from rice crackers and furikake.
"For me, food is about sharing where you're from and the people who shaped you," said Simeon. "This menu is inspired by the flavors I grew up with in Hawai'i — comforting, familiar and full of heart. I'm excited to bring those dishes onboard so guests can experience a true taste of home, wherever they're headed."
Menu offerings deliver an experience that is both familiar and distinctly Hawaiian — grounded in culture and prepared with fresh local ingredients made no more than 12 hours before each flight.
"Chef Sheldon embodies the heart and soul of Hawai'i's culinary culture," Onishi added. "His approach to food is rooted in storytelling, community and a deep sense of place, which aligns perfectly with how we think about hospitality at Hawaiian Airlines — brought to life every day by our crews, who deliver exceptional service."
In March, Hawaiian welcomed Chef Dell Valdez, the Hawaiʻi-born culinary leader behind Vein in Kakaʻako on O'ahu, as well as Dell's Kitchen & Bakery and Mio PASTALOGY, as the carrier's new Executive Chef. With Valdez overseeing Hawaiian's international Business Class and domestic First Class menus and Simeon designing the Main Cabin meal program, Hawaiian is offering a thoughtfully curated dining experience to guests in every cabin.
More choice, better quality for guests
Rooted in Hawaiʻi and shaped by guest feedback, Hawaiian's onboard service evolution reflects its continued commitment to offering a more unified, elevated experience across every cabin while staying true to the brand's signature hospitality.
Already offered in First Class, the pre-order model puts guests in control of their onboard dining experience throughout the cabin, with First Class guests now benefiting from an expanded selection of menu options. Through the Alaska Hawaiian mobile app or website, travelers can select meals up to two weeks in advance (and as close to 20 hours before departure), choosing options that best fit their tastes, preferences and dietary needs — including plant-based and gluten-free selections.
The Main Cabin program will launch July 1 with a curated set of initial offerings, with plans to expand the menu this Fall. Throughout the year, Hawaiian and Simeon will introduce new dishes and rotate items, ensuring the menu remains fresh, relevant and reflective of seasonal ingredients and evolving guest preferences.
Hawaiian hospitality remains at the core with new onboard partners
Hawaiian's award-winning Mea Hoʻokipa hospitality — loved by guests — remains central to the inflight experience. Complimentary onboard touches will continue, including a welcome beverage, snacks by new local partners Anahola Granola and Diamond Bakery and a mahalo sweet treat from Hawaiian Host Chocolates or Honolulu Cookie Company served before arrival.
In addition to complimentary alcohol for guests seated in Premium Class, Hawaiian will introduce new complimentary onboard bites for guests seated in Premium Class: Kauaʻi-based Anahola Granola's Tropical Granola Bar, which features island favorites, papaya and pineapple, paired with honey-roasted oats. Main Cabin guests will enjoy Hawaiian shortbread macadamia nut cookies by Diamond Bakery, made in Hawai'i and crafted with rich, indulgent flavors served in the morning, and Hawaiian Maui onion kettle chips served in the afternoon.
Designed with sustainability in mind
The new program also advances Hawaiian's commitment to caring for the 'āina (land). By aligning meal production with actual guest demand, the airline is reducing unnecessary food and packaging waste.
Most meal packaging is compostable or recyclable, including fiber-based containers and materials that significantly reduce reliance on single-use plastics.
Huakaʻi by Hawaiian members enjoy first two meals on us
Hawai'i residents who are Huakaʻi by Hawaiian members, or who become members by June 24, will enjoy a special, one-time offer to experience the new menu as part of the program launch. As a thank you for their continued loyalty, starting July 1, Huakaʻi members who make a meal selection for an upcoming trip will automatically receive the first two items free of charge.
"We're excited to mahalo our Huaka'i members - all of whom are kamaʻāina and among our most loyal guests by inviting them to taste our new menu and be part of this exciting chapter of onboard dining with us," said Onishi.
This evolution reflects something larger: Hawaiian's continued commitment to Hawaiʻi and to its guests. The airline continues to share local flavors, support local partners, and deliver hospitality with authenticity and care, while investing in modernized spaces, upgraded technology, refreshed Airbus A330 aircraft interiors and expanded community and sustainability efforts that will shape the future of the guest experience.
MORNING MENU OPTIONS
For flights departing between 6 a.m. - 9:59 a.m.
Corned beef hash and eggs by Chef Sheldon $15.99
A family recipe reaches new heights as roasted breakfast potatoes are topped with crisped corned beef hash, a poached egg and hollandaise sauce. Served with Chef Sheldon's signature spicy-K mayo and banana bread syrup.
Island-style French toast breakfast by Chef Sheldon $15.99
Rise and shine with thick-cut, custard-soaked Hawaiian bread served alongside fluffy scrambled eggs and savory Portuguese sausage. Pour on Chef Sheldon's signature spicy-K mayo and banana bread syrup for good measure.
Banana pancake breakfast by Chef Sheldon $15.99
A local favorite, made the Chef Sheldon way. Thick, fluffy pancakes filled with mashed bananas are served with scrambled eggs and Portuguese sausage, made to be finished with Chef's signature spicy-K mayo and banana bread syrup.
Coconut overnight oats $10.99 (vegan, gluten-free)
Start the morning right with creamy coconut milk overnight oats that are mixed with chia seeds and topped with macerated berries and gluten-free granola. Light, nourishing, naturally sweet and served cold.
Cheesy omelet $13.99 (coming in fall)
Enjoy a generous Tillamook cheddar omelet served alongside chicken sausage and roasted breakfast potatoes. Accompanied by Chef Sheldon's signature spicy-K mayo and banana bread syrup for your choices of extra flavor.
AFTERNOON/EVENING MENU OPTIONS
For flights departing between 10 a.m. - 8:29 p.m.
Crispy mochiko chicken and garlic noodles by Chef Sheldon $16.99
Inspired by Tin Roof's most famous dish: a crispy rice flour-coated chicken thigh served over garlicky Sun Noodle noodles with mac salad. Add Chef Sheldon's signature spicy-K mayo, sweet teriyaki sauce and his legendary crispy toppings bag.
Barbeque teriyaki chicken bento by Chef Sheldon $15.99
Savor a Hawai'i-style bento with teriyaki-marinated grilled chicken over a bed of white rice alongside sliced tamagoyaki, kamaboko and a shoyu hot dog. Served with mac salad and Chef Sheldon's spicy-K mayo, sweet teriyaki sauce and famed crispy toppings bag.
Teriyaki cheeseburger by Chef Sheldon $15.99
Satisfy your cravings for a Hawai'i classic. A teriyaki-marinated beef patty sits on a toasted teriyaki-glazed bun with American cheese and the chef's house-made pickles. Served with Chef Sheldon's mac salad, spicy-K mayo, sweet teriyaki sauce and his crunchy toppings bag.
Grilled chicken bahn mi sandwich by Chef Sheldon $15.99
Warm French bread from Honolulu's La Tour Bakehouse is loaded with lemongrass-grilled chicken thigh, pickled vegetables, fresh cilantro and jalapeño. Includes Chef Sheldon's mac salad, spicy-K mayo, sweet teriyaki sauce and his crunchy toppings bag.
Sweet and tangy tender greens by Chef Sheldon $14.49 (vegan, gluten-free)
Li hing mango is the star of the salad, sharing the spotlight with baby kale, toasted almonds, edamame, grape tomato and quinoa. The li hing balsamic vinaigrette is salty-sweet and unlike any salad dressing you've had before. Served cold.
Cheeseburger mac and cheese by Chef Sheldon $11.99 (coming in fall)
It's the ultimate comfort dish for keiki of all ages, bringing together macaroni noodles, seasoned ground beef, American and cheddar cheeses, sautéed onions, chopped dill pickle and tomato for a nostalgic journey above the clouds.
Italian sub with Chef Sheldon's mac salad $12.49
Classic, satisfying and built for the long haul, a hoagie is generously filled with salami, ham, pepperoni and provolone, then layered with pepperoncini, crisp lettuce and giardiniera cream cheese spread. Served with Chef Sheldon's mac salad.
For more information on Hawaiian's Main Cabin meal program, please visit www.HawaiianAirlines.com/content/our-services/in-flight-services/dining-and-drinks/menus/main-cabin.
Frequently Asked Questions:
When will pre-order be available in Main Cabin and First Class?
For Main Cabin guests, pre-order is available starting July 1, 2026, on all domestic Hawaiian Airlines flights, excluding JFK. Guests can pre-order meals from two weeks before departure up to 20 hours prior to the flight.For First Class guests, pre-select is already available. While all First Class guests will receive a meal regardless of pre-selecting, it is recommended to ensure you receive your preferred choice.
How much are the meals and how does pre-order work?
Pricing varies by item and is aligned with comparable onboard and local market offerings (exact pricing depends on the meal selected).Guests can pre-order via the Alaska Hawaiian mobile app or through their "My Trips" section on the Hawaiian Airlines website from two weeks up to 20 hours before departure. Meals are prepared based on selections and delivered onboard during service.
Will the free sandwich still be available in Main Cabin?
Starting July 1, we're transitioning away from the complimentary sandwich in Main Cabin on domestic transpacific flights and introducing a pre-order menu with meals available for purchase.Main Cabin guests on our HNL–JFK route will continue to receive a complimentary meal.
Who are the chefs for Main Cabin and First Class
Our onboard dining program is led by two Hawai'i-based culinary experts:
Chef Sheldon Simeon, a Maui-based, James Beard Award-recognized chef, led the development of the new Main Cabin meal program, bringing locally inspired dishes and authentic Hawai'i flavors onboard.
Chef Dell Valdez, Hawaiian Airlines' Executive Chef, oversees First Class and international Business Class menus, ensuring a high-quality, elevated dining experience across our front cabins. Which flights will have Main Cabin pre-order?
The Main Cabin pre-order meal program will be available on Hawaiian Airlines flights between Hawai'i and the U.S. continent, excluding the HNL–JFK route.It also does not apply to interisland, South Pacific or international flights.
Will Hawaiian still offer complimentary snacks?
Yes, every guest will continue to receive complimentary touches throughout the flight, including a welcome beverage, local snack and a mahalo sweet treat before arrival. Are pre-order meals available on red-eye flights?
Yes, limited pre-order meal selections are available on domestic red-eye flights. What happens if I don't pre-order a meal?
Guests who don't pre-order will still have options to purchase food items onboard, including snack boxes and items from the Pau Hana snack cart. Every guest will continue to receive complimentary touches throughout the flight, including a welcome beverage, local snack, and a mahalo sweet treat before arrival. We encourage pre-ordering to ensure access to the full menu and preferred selections. About Alaska, Hawaiian and Horizon
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."
In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $46.59, marking a +1.35% move from the previous day. This change outpaced the S&P 500's 0.58% gain on the day. At the same time, the Dow added 0.05%, and the tech-heavy Nasdaq gained 0.91%.
Coming into today, shares of the airline had gained 20% in the past month. In that same time, the Transportation sector gained 3.65%, while the S&P 500 gained 4.96%.
Investors will be eagerly watching for the performance of Alaska Air Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.87, reflecting a 148.88% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.1 billion, showing a 10.64% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.04 per share and a revenue of $15.84 billion, representing changes of -142.62% and +11.22%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Alaska Air Group. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 264.86% downward. Alaska Air Group currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 212, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, ExplainedThe Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider FedEx?Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. FedEx (FDX - Free Report) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $6.40 a share, just 25 days from its upcoming earnings release on June 23, 2026.
FedEx's Earnings ESP sits at +9.92%, which, as explained above, is calculated by taking the percentage difference between the $6.40 Most Accurate Estimate and the Zacks Consensus Estimate of $5.82. FDX is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
FDX is part of a big group of Transportation stocks that boast a positive ESP, and investors may want to take a look at Alaska Air Group (ALK - Free Report) as well.
Alaska Air Group is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on July 22, 2026. ALK's Most Accurate Estimate sits at -$0.83 a share 54 days from its next earnings release.
For Alaska Air Group, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of -$0.87 is +4.19%.
FDX and ALK's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Shares in Alaska Air Group (ALK +2.25%) rose by 12.7% in an excellent week for airline stocks. The move comes as the sector climbs a wall of worry driven by soaring jet fuel prices stemming from the closure of the Strait of Hormuz. While the market's prior concerns are understandable, there's growing anecdotal evidence suggesting that airlines, including Alaska Air, might emerge from the period in better shape than many expect.
This week's airline updates Southwest Airlines (LUV +2.77%) CEO Robert Jordan gave a presentation at the Bernstein 42nd Annual Strategic Decisions Conference, and his remarks surprised the market. It's no secret that jet fuel prices have soared, and that's challenging airlines' profitability. Still, it doesn't appear to have affected end demand, with Delta Air Lines previously telling investors that strong demand in the first quarter was continuing into the second quarter, even as it raised prices.
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That positive trend, with Southwest's Jordan telling investors that Southwest had participated in seven consecutive fare increases with "no drop off in demand at all." Jordan went on to note that "I'm becoming increasingly bullish that we will be able to cover these fuel increases with revenue increases," and also believes that "the industry will retain a much higher percent of the fare increases that would be typical historically."
What it means to Alaska Air Given that Alaska competes with Southwest on some routes and is suffering from rising jet fuel prices, the news from Southwest is particularly relevant. For example, in its recent first-quarter earnings report, Alaska's management said higher fuel costs would impact earnings per share (EPS) by $0.70 in the first quarter and by more than $3 in the second quarter.
Image source: Getty Images.
These are significant numbers from an airline that analysts expect to report a $0.77-per-share loss in 2026 and then $6.32 in EPS in 2027. However, if Alaska can offset fuel costs with higher prices, then those estimates might need a positive revision.
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends Alaska Air Group, Delta Air Lines, and Southwest Airlines. The Motley Fool has a disclosure policy.
Alaska Airlines is opening its newest Lounge at Portland International Airport, featuring thoughtfully designed spaces with twice the square footage and seating of the current space The new Lounge reflects the airline's appreciation for its loyal guests and comes as Alaska continues to expand its service in Portland, offering more flights and more options for guests The investment to modernize the Portland Lounge is part of Alaska's growing portfolio to elevate its global guest experience and expand its Lounge footprint, including new spaces in Seattle, San Diego and Honolulu , /PRNewswire/ -- Alaska Airlines is set to welcome guests to its newest Lounge at Portland International Airport (PDX) when it officially opens on June 4, underscoring its continued investment in premium travel and one of the carrier's key West Coast hubs.
Alaska Airlines newest lounge at Portland International Airport (PDX) will open its doors on June 4, 2026. The new Lounge reflects the airline’s appreciation for its loyal guests and comes as Alaska continues to expand its service in Portland, offering more flights and more options for guests. After more than two years of construction, the approximately 14,000-square-foot Lounge will welcome guests with a warm, thoughtfully designed Pacific Northwest aesthetic, featuring an inviting fireplace and a striking wooden Mt. Hood mural by artist Ben Butler. At twice the size of the current Portland Lounge, it offers more than 230 seats, including Alaska's Signature Loungers, along with high, open ceilings that bring in natural light and views of PDX's new terminal. Guests can relax, enjoy fresh, regionally inspired food, sip barista-crafted beverages or cocktails from West Coast partners, or take advantage of ample power plugs and privacy booths for calls and meetings.
"Portland guests have chosen Alaska for years and played an important role in our growth in the Pacific Northwest," said Shane Jones, senior vice president of fleet, products and guest experience. "This new Lounge is our way of thanking them and a reflection of our growing portfolio of premium guest experiences. We look forward to opening our doors this week and welcoming guests with the signature hospitality and thoughtful touches Alaska is known for."
Alaska is the largest carrier serving Portland, operating more flights than any other airline, including more than 100 daily departures. Portland is a critical hub in Alaska and Hawaiian's network with expanding service to over 60 destinations across North America and beyond. This summer, Alaska will launch year-round service to Everett/Paine Field and Pasco–Tri-Cities, along with seasonal service to Jackson Hole. Last month, new service began to Baltimore, Bellingham, Idaho Falls, Philadelphia and St. Louis. By this fall, Alaska will offer 50% more seats in Portland than just two years ago, reflecting strong demand for travel and the airline's continued investment in the market.
"Our strong partnership with Alaska has helped to elevate the new PDX as a world-class destination that showcases the Pacific Northwest and makes everyone feel at home," said Chris Czarnecki, PDX business and properties director. "We're thrilled their new PDX Lounge is here for the long-haul, offering travelers a stunning spot to relax, recharge, and experience a taste of our region."
The nearly $18 million investment in the Portland Lounge is part of Alaska's growing Lounge footprint and broader commitment to enhancing the guest experience as it expands globally. Building on this investment, Alaska just announced its plans to open a landmark, more than 41,000-square-foot Lounge in 2027. The Lounge, which will be located in Seattle – home to the airline's main hub – will be the largest in its network and among the largest airline lounges in the country. The airline is also designing its first Lounge in San Diego along with a new, expanded Lounge in Honolulu, both slated for early 2028.
Alaska Airlines Lounge members can access eight premium Lounges across the Alaska and Hawaiian Airlines network, including its largest Lounge in Seattle and additional locations at its hubs in Anchorage, Los Angeles and San Francisco. Alaska Lounge+ membership unlocks access to all Alaska Lounges, plus nearly 90 partner Lounges worldwide, including select oneworld and partner Lounges. To learn more or sign up to become an Alaska Lounge member, click here.
Frequently Asked Questions:
What is Alaska Airlines opening at Portland International Airport?
A: Alaska Airlines is opening a newly redesigned Lounge at Portland International Airport (PDX) on June 4, 2026, offering a larger, more modern space with premium amenities, regional food and beverage options, and enhanced comfort for guests.
How big is the new Alaska Lounge in Portland?
A: The new Lounge is approximately 14,000 square feet—about twice the size of the previous Portland Lounge—and features more than 230 seats.
What amenities are available in the new Alaska Lounge at PDX?
A: Guests can enjoy:
Barista-crafted coffee and specialty beverages West Coast-inspired cocktails Fresh, locally inspired food Signature Lounge seating and private booths Ample power outlets and workspaces Relaxation areas with premium finishes Who can access Alaska Airlines Lounges?
A: Access is available to:
Alaska Lounge members Alaska Lounge+ members Eligible First Class guests Eligible oneworld and partner airline passengers What is the difference between Alaska Lounge and Lounge+ membership?
A: Alaska Lounge+ membership includes access to all Alaska Lounges plus nearly 90 partner Lounges worldwide, while standard Alaska Lounge membership provides access to all eight Alaska-operated Lounges.
Why is Portland important to Alaska Airlines?
A: Portland is one of Alaska Airlines' key West Coast hubs, with more than 100 daily departures and nonstop service to over 60 destinations across North America. By this fall, Alaska will offer 50% more seats in Portland than just two years ago, reflecting strong demand for travel and the airline's continued investment in the market.
How is Alaska Airlines expanding its Lounge network?
A: Alaska Airlines is investing in multiple new and expanded Lounges, including:
A 41,000+ square feet landmark Lounge in Seattle opening in 2027 A new Lounge in San Diego An expanded Lounge in Honolulu How much did Alaska Airlines invest in the new Portland Lounge?
A: Alaska Airlines invested nearly $18 million in the new Portland Lounge as part of its broader investment in premium travel as the airline continues to grow globally.
About Alaska, Hawaiian and Horizon
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."
In the latest close session, Alaska Air Group (ALK - Free Report) was down 4.65% at $41.87. This move lagged the S&P 500's daily loss of 0.74%. At the same time, the Dow lost 1.21%, and the tech-heavy Nasdaq lost 0.89%.
The airline's shares have seen an increase of 14.02% over the last month, surpassing the Transportation sector's gain of 1.93% and the S&P 500's gain of 5.39%.
The upcoming earnings release of Alaska Air Group will be of great interest to investors. The company is expected to report EPS of -$0.87, down 148.88% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $4.1 billion, showing a 10.64% escalation compared to the year-ago quarter.
ALK's full-year Zacks Consensus Estimates are calling for earnings of -$1.01 per share and revenue of $15.84 billion. These results would represent year-over-year changes of -141.39% and +11.22%, respectively.
It is also important to note the recent changes to analyst estimates for Alaska Air Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 356.03% decrease. Right now, Alaska Air Group possesses a Zacks Rank of #4 (Sell).
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 224, positioning it in the bottom 9% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
SummaryCompaniesIran war raises fuel and routing costsAirlines test fare hikes as demand holdsGulf hubs face network resilience testSustainable aviation fuel shortages cloud airline climate goalsRIO DE JANEIRO, June 4 (Reuters) - Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry's biggest crisis since the pandemic, with the Iran war driving up jet fuel costs, forcing flight detours and testing carriers' ability to raise fares.
The June 6-8 annual meeting of the International Air Transport Association (IATA) is the industry's biggest summit, bringing together hundreds of top executives from airlines, manufacturers, suppliers and financiers.
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IATA represents more than 370 airlines accounting for some 85% of global air traffic, giving it a central role in a sector where profits were expected to reach a record $41 billion this year before the Iran war began.
Industry executives and analysts expect a downgrade to that forecast at the meeting, where discussions are expected to center on surging fuel prices and supply fears, disruptions to Middle Eastern airspace, deepening aircraft delivery delays and whether airlines are falling further behind on climate goals.
Airlines around the world have already been responding by raising fares, cutting unprofitable routes and conserving cash until pressures ease, raising more questions about whether they can meet IATA's goal of net-zero emissions by 2050 given the high cost and limited supply of sustainable aviation fuel.
Moody's Ratings last week cut its global airline sector outlook to negative from stable, saying fuel costs tied to the Iran war and disruption around the Strait of Hormuz would "materially reduce" operating profit this year. It said profits could fall by more than 35% in 2026 before recovering next year.
IATA data showed global passenger traffic contracted in April for the first time since the post-pandemic recovery, led by a sharp drop at Middle Eastern carriers.
Air India's outgoing CEO Campbell Wilson said higher fuel prices and airspace closures were making some routes harder to justify.
"When you take on all those competitive dynamics, the added cost of this extra flying, the added cost to fuel, it just makes some routes uneconomic," he said.
MIXED PICTURE FOR AIRLINESAirlines with stronger demand and greater premium traffic have more room to raise fares, but the ability to recover fuel costs is uneven across markets and business models.
Southwest Airlines (LUV.N), opens new tab CEO Bob Jordan, whose carrier joined IATA last year, said U.S. carriers had raised fares on seven occasions since February without seeing demand weaken. But he said fares were still "not close" to covering current fuel costs.
Gulf carriers face a particular test. Emirates and Qatar Airways rely heavily on hubs in Dubai and Doha, while Etihad Airways is expanding again from Abu Dhabi after scaling back earlier global ambitions.
The Iran war has not broken the Gulf hub model, but detours have exposed its reliance on accessible airspace and stable routes, lengthening flight times and increasing fuel burn.
The disruption is also creating openings on some long-haul flows for airlines offering non-stop flights between Asia and Europe, including Lufthansa Group (LHAG.DE), opens new tab, Air France-KLM (AIRF.PA), opens new tab, Singapore Airlines (SIAL.SI), opens new tab and Cathay Pacific (0293.HK), opens new tab.
For European carriers, the picture is mixed. Some may benefit from Gulf airline troubles on long-haul routes, avoiding the most disrupted airspace, but higher fuel costs are compounding pressure from closed Russian airspace, air traffic control disruption and sustainable aviation fuel mandates.
In Asia, Air India faces higher fuel costs and longer routings, while IndiGo remains exposed to aircraft shortages and Pratt & Whitney (RTX.N), opens new tab engine issues. Currency weakness is amplifying fuel costs for Japanese carriers, while Air New Zealand (AIR.NZ), opens new tab has warned of a sharp earnings hit.
In Latin America, the fuel shock is colliding with currency swings and consumers with limited room to absorb fare increases, even as limited competition gives some carriers more room to pass on costs. LATAM (LTM.SN), opens new tab has cut its earnings forecast due to fuel costs, while Brazil's Azul (AZUL3.SA), opens new tab remains exposed to fuel prices and currency volatility.
AIRCRAFT AND ENGINE SHORTAGESDelayed Boeing (BA.N), opens new tab and Airbus (AIR.PA), opens new tab deliveries, meanwhile, are forcing airlines to keep older, less fuel-efficient jets in service, adding to margin pressure.
United Airlines (UAL.O), opens new tab CEO Scott Kirby said engines and components had become the key constraint, estimating that 800 to 900 aircraft worldwide were grounded due to engine issues.
"There are not enough engines and they're not going to be for many, many years," Kirby said at a Bernstein conference last week.
The fuel shock is also driving talk of sector consolidation, as airlines with thinner margins and less pricing power struggle to absorb higher costs, underscored by the collapse last month of U.S. no-frills pioneer Spirit Airlines.
U.S. firm Castlelake, an aircraft lessor and investor in Scandinavia's SAS, has said it is considering a possible offer for British budget carrier easyJet (EZJ.L), opens new tab, while United's recent informal merger approach to American Airlines (AAL.O), opens new tab has put U.S. dealmaking back in focus, even after American rejected the idea and Washington signaled resistance.
Reporting by Rajesh Kumar Singh; Additional reporting by Tim Hepher in Paris and Doyinsola Oladipo in New York; Editing by Joe Brock and Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Rajesh Kumar Singh is the U.S. Aviation Correspondent at Reuters, based in Chicago, where he reports on airlines, aircraft manufacturers, and regulatory developments that shape the global aviation industry. Prior to this role, he covered U.S. manufacturing and trade policy, including the U.S.–China trade wars, where his work delved into the disruption facing American businesses and the strategic responses of major corporations. He began his career with Reuters in India, where he reported on a wide range of issues covering the country's economic complexities—from its recovery after the global financial crisis to the challenges of inflation and governance.
SummaryCompaniesMiddle East conflict sends jet fuel prices soaring, disrupts airspaceBudget airlines most vulnerable to failure, M&A, airline body chief saysSlow aircraft, engine deliveries deepening airline woesAirline body sticks with net-zero-by-2050 targetRIO DE JANEIRO, June 6 (Reuters) - Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.
Global airlines are grappling with higher fuel costs driven by the U.S. and Israel’s war with Iran, which has choked jet fuel supplies and disrupted key air corridors, forcing costly detours.
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Budget carriers have been among the hardest hit, lacking higher margin revenue streams such as premium cabins, high-paying travelers and credit card loyalty programs.
The strain is already showing: U.S. budget airline Spirit Airlines collapsed last month, and it will not be the last, said Willie Walsh, director general of the International Air Transport Association, the industry’s main trade body.
“Unfortunately, I think there will be some carriers that will find this high fuel price very difficult to cope with," Walsh told Reuters at IATA's annual summit in Rio de Janeiro, adding he expects some airlines to go out of business and others to be acquired by larger carriers.
Airlines are also expected to protect margins by cutting unprofitable routes, while fares, which have surged since the outbreak of the Iran war, are unlikely to come down soon, Walsh said.
Even so, the pressure does not spell the end of the low-cost airline model, which continues to thrive outside the United States, where the big three carriers, United Airlines, Delta Air Lines and American Airlines, are squeezing out budget competitors, Walsh said.
“I don't see that the low-cost model is broken; in fact, quite the opposite," he said, highlighting Ryanair's strong performance in Europe as an example.
There is one blockbuster deal Walsh does not see happening: United Airlines CEO Scott Kirby’s audacious proposal to buy arch rival American Airlines and create a U.S. aviation behemoth. The idea, which surfaced earlier this year, failed to get done despite Kirby raising it with President Donald Trump.
"I don't think that's going to happen. I think the regulatory hurdles would be very significant. I don't know whether that was a genuine effort to pursue consolidation or Scott just trying to stir up some media," Walsh said.
MIDDLE EAST AIRLINE WOESThe Iran conflict has upended traffic flows through Middle Eastern hubs such as Dubai, Doha and Abu Dhabi, creating acute challenges for Gulf carriers including Emirates, Qatar Airways and Etihad.
Walsh said he didn't think the conflict would do permanent damage to the Gulf as an aviation hub given its strategic geographic importance and the value of the popular Gulf carriers, which account for 14% of global capacity.
“That capacity cannot be replaced by airlines from other regions around the world," Walsh said.
"Once things settle down, I would expect the Gulf carriers to regain their important position in the market."
Adding to the strain is the slow pace of aircraft deliveries from Boeing and Airbus, along with engine delays from GE Aerospace and Pratt & Whitney, a unit of RTX, limiting airlines’ ability to expand fleets and improve efficiency.
Walsh said the industry is increasingly frustrated by the delays, particularly as engine makers post strong profits while airlines struggle. He estimates supply chain disruption cost airlines about $11 billion last year.
"We're disappointed that they're not moving faster. We're disappointed that they're not sharing the pain that the airline industry is sharing," he said.
Aircraft and engine makers have said that much of the delays are out of their control, stemming from post‑pandemic supply chain disruptions and political trade disputes.
Walsh said competition will eventually emerge from China, where Comac is developing aircraft to rival Boeing and Airbus, though it still faces certification hurdles in Europe and the United States and remains reliant on Western engines and avionics.
"Probably 10 to 15 years from now, people won't just talk about Airbus and Boeing. It'll be: Airbus, Boeing, Comac," he said.
As airlines come under financial strain and climate policies lose momentum in the U.S. under Donald Trump, industry leaders have grown more cautious about meeting a 2050 net zero emissions target.
Walsh said IATA is not ready to abandon the goal.
“I certainly believe it's more challenging to achieve net zero in 2050 because we've not made the progress that we had expected to see on the development of sustainable fuels," he said.
Reporting by Joe Brock; Editing by Sanjeev Miglani and Rod Nickel
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Joe Brock is Reuters' aerospace and defense editor, based in Los Angeles, where he leads a global team of reporters covering airlines, aerospace, weapons manufacturers, and the space industry. Joe has previously worked in Singapore, Johannesburg, Abuja and London as a reporter and bureau chief. He has received several awards for his investigative journalism, including from the Society for Advancing Business Editing and Writing and The Society of Publishers in Asia.
An Alaska Air Boeing 737 MAX flies over downtown Seattle toward SeaTac Airport, in Seattle, Washington, U.S. February 26, 2026. REUTERS/Genna Martin Purchase Licensing Rights, opens new tab
SummaryCompaniesAlaska Air hopeful on restoring guidance if fuel prices stabilizeCFO sees higher fares offsetting most of fuel hit in second halfCorporate bookings up 20%-30%; summer demand remains strongRIO DE JANEIRO, June 6 (Reuters) - Alaska Air Group (ALK.N), opens new tab is hopeful it can reinstate its financial guidance on its second-quarter earnings call if fuel prices show more stability, Chief Financial Officer Shane Tackett told Reuters on Saturday, after volatility in jet fuel costs forced the carrier to pull its full-year outlook.
Tackett said fuel markets had become less volatile in recent weeks, but prices were still moving by about 5% over a couple of days, making Alaska unwilling to restore guidance until it has more confidence in the outlook.
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"We want to see a little bit more stability in the backdrop," Tackett said on the sidelines of the International Air Transport Association's annual meeting in Rio de Janeiro.
The carrier expects a tougher second quarter than it had anticipated before the latest fuel shock, but Tackett said higher fares and resilient demand should help offset most of the hit in the second half. He said operating cash burn could fall to zero or turn slightly positive in the second half of the year.
Alaska borrowed $1 billion recently, split between secured and unsecured debt, but Tackett said the company was not planning another liquidity move or a rollback in capital spending.
Corporate bookings over the next 90 days are up 20% to 30% from a year earlier across most geographies and industries, he said.
Tackett said Alaska is also working with energy companies to source more jet fuel for the West Coast from markets such as Singapore, as refining margins in its core geographies remain elevated.
He said the carrier had no current plan to retire Hawaiian’s Airbus A330s or A321s and expects to be an Airbus operator "for a long time."
Reporting by Rajesh Kumar Singh in Rio de Janeiro, editing by Manuela Andreoni
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Rajesh Kumar Singh is the U.S. Aviation Correspondent at Reuters, based in Chicago, where he reports on airlines, aircraft manufacturers, and regulatory developments that shape the global aviation industry. Prior to this role, he covered U.S. manufacturing and trade policy, including the U.S.–China trade wars, where his work delved into the disruption facing American businesses and the strategic responses of major corporations. He began his career with Reuters in India, where he reported on a wide range of issues covering the country's economic complexities—from its recovery after the global financial crisis to the challenges of inflation and governance.
SummaryCompaniesIATA cuts 2026 profit forecast on fuel costs and war disruptionIran war drives up fuel bills, reroutes flights, hits marginsAirlines expected to cut routes, keep fares highRIO DE JANEIRO, June 7 (Reuters) - The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector operating on thin margins.
The International Air Transport Association, which represents more than 370 airlines accounting for about 85% of global air traffic, said in its annual report that it now expects the industry to post a combined net profit of $23 billion in 2026, well below a previous projection of about $41 billion and down from $45 billion in 2025.
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The downgrade underscores airlines' exposure to geopolitical shocks and fuel volatility, even as passenger demand remains resilient, planes are flying fuller and revenues are set to rise to more than $1.1 trillion.
"There are two major factors: one is the significant increase in jet fuel prices, which has gone way higher than I think anybody would have expected, and then the disruption to the airlines in the Gulf region, so that combination has led us to reduce the forecast," IATA Director General Willie Walsh told Reuters at the group's annual meeting in Rio de Janeiro.
Walsh said he expects some smaller airlines to go bankrupt or be taken over by bigger carriers this year and next as higher fuel costs bite. U.S. low-cost carrier Spirit Airlines shut down last month, the first airline casualty of the Iran war.
Airlines are also expected to cut unprofitable routes to protect margins, while fares - which have surged since the start of the Iran war - are unlikely to fall soon, Walsh said.
"In an environment where demand remains pretty robust, but capacity comes down, that will likely lead to a situation where fares will remain elevated," Walsh said.
Jet fuel prices have jumped this week.People attend the International Air Transport Association (IATA) Annual General Meeting in Rio de Janeiro, Brazil, June 6, 2026. REUTERS/Tita Barros. Purchase Licensing Rights, opens new tab
FUEL COST SHOCK WIPES OUT HIGHER REVENUESThe Middle East conflict, triggered by U.S. and Israeli airstrikes on Iran, has forced airlines to reroute flights around closed or restricted airspace, adding hours to some journeys, increasing fuel burn and straining already tight capacity.
At the same time, oil prices have surged on fears of supply disruption, pushing jet fuel prices sharply higher and widening refinery margins, leaving airlines facing a steep jump in their largest cost.
Gulf airlines such as Emirates, Qatar Airways and Etihad Airways face the greatest operational uncertainty after a near-complete shutdown of regional airspace at the start of the conflict.
Walsh said most regions should remain profitable, though at lower levels, while Middle East airlines are likely to slip into the red due to the conflict and weaker demand.
IATA expects airlines' fuel bill to surge to about $350 billion this year from roughly $252 billion in 2025, with fuel accounting for nearly a third of operating costs.
That is eroding profitability per passenger, with airlines now expected to earn about $4.50 per passenger, roughly half last year's level.
On the upside, IATA expects industry revenues to rise 9.4% to around $1.16 trillion this year, driven by steady travel demand, higher fares, and growing income from extras such as seat upgrades and onboard services.
Aircraft shortages are also squeezing the sector. Delivery delays at Boeing and Airbus are forcing airlines to keep older, less fuel-efficient planes in service for longer, raising maintenance bills and blunting efforts to improve margins, Walsh said.
Reporting by Gabriel Araujo, Luciana Magalhaes, Rajesh Kumar Singh and Allison Lampert. Writing by Joe Brock. Editing by Mark Potter
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Gabriel is a Sao Paulo, Brazil-based reporter covering Latin America's financial and breaking news from the region's largest economy. A graduate of the University of Sao Paulo, joined Reuters while in college as a Commodities & Energy intern and has been with the firm ever since. Previously covered sports - including soccer and Formula One - for Brazilian radios and websites.
Rajesh Kumar Singh is the U.S. Aviation Correspondent at Reuters, based in Chicago, where he reports on airlines, aircraft manufacturers, and regulatory developments that shape the global aviation industry. Prior to this role, he covered U.S. manufacturing and trade policy, including the U.S.–China trade wars, where his work delved into the disruption facing American businesses and the strategic responses of major corporations. He began his career with Reuters in India, where he reported on a wide range of issues covering the country's economic complexities—from its recovery after the global financial crisis to the challenges of inflation and governance.
SummaryCompaniesUnited says brand-loyal carriers are pulling aheadSouthwest says weaker rivals may slow investmentAlaska says loyalty, premium revenue soften fuel hitRIO DE JANEIRO, June 9 (Reuters) - The fuel shock hitting U.S. airlines is doing more than squeezing margins — it is widening a product gap that may take years to close, as stronger carriers keep investing in lounges, premium seating, technology and international networks that weaker rivals may struggle to match.
At the International Air Transport Association's (IATA) annual meeting in Rio de Janeiro, executives at financially strong carriers United Airlines (UAL.O), opens new tab, Southwest Airlines (LUV.N), opens new tab and Alaska Air (ALK.N), opens new tab told Reuters a divide was growing between airlines with the ability to keep upgrading their offerings and those forced to conserve cash and slow investment.
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The U.S. also has an increasingly K-shaped economy, where higher-income consumers continue to spend freely while price-sensitive travelers pull back. The airlines' investment in premium offerings is designed to increase their appeal among the high spenders.
"Air travel is not a commodity," United CEO Scott Kirby said in an interview. "Customers care about the technology, the service, the reliability, the product. They want a great experience. They don't just want a seat."
Kirby said United expects to recover the full hit from higher fuel costs through fare increases by year-end, even as he anticipates some pressure on demand. The airline is continuing to invest heavily in aircraft, technology and customer-facing products, supported by a clear earnings advantage, he said.
IATA's outlook for North America this week forecast a widening gap between resilient network carriers and more constrained low-cost operators.
U.S. budget carrier Spirit Airlines' collapse last month sharpened scrutiny of carriers with weaker margins and balance sheets as higher fuel costs add to cash pressures.
S&P Global Ratings on Monday cut JetBlue Airways' (JBLU.O), opens new tab credit rating deeper into junk territory, citing higher fuel costs and its heavy debt load.
In an April internal note seen by Reuters, JetBlue CEO Joanna Geraghty said the carrier was not considering bankruptcy, but said fuel prices had made the environment more challenging and that "the decks are stacked against smaller carriers like us," citing larger rivals' network, loyalty and credit-card advantages.
United has a deep reciprocal loyalty and network cooperation deal with JetBlue, and Kirby said he did not expect the smaller carrier to seek Chapter 11 protection "any time in the foreseeable future," citing its cash and unencumbered assets.
JetBlue did not immediately respond to a request for comment.
INVESTMENT GAPFuel price pressures are shaping which airlines can keep spending on the products passengers are increasingly willing to pay for, such as premium seating and airport lounge access.
Southwest Chief Operating Officer Andrew Watterson said the investment gap was likely to widen as higher borrowing costs become a bigger burden for more indebted competitors, particularly those relying on aircraft sale-and-leaseback deals or fresh debt.
"If you need to borrow money, interest expense is going up," Watterson said in an interview. "The higher your costs, the lower your growth rate, the lower your investment in products."
Strong profits and a solid balance sheet, he said, were allowing Southwest to continue investing while some rivals switched into defensive mode.
Southwest is evaluating products once associated with network carriers — from airport lounges to transoceanic flying and more premium seating — marking a potential shift beyond its traditional low-cost model. Lounges are the furthest along, with some level of decision possible this year, Watterson said.
LOYALTY BUFFERAlaska Air Chief Financial Officer Shane Tackett said airlines lacking strong loyalty and premium revenue streams were facing the greatest strain after a near-doubling in fuel prices since the start of the Iran war.
"There are some airlines that have a business model that are really challenged in the current environment," he said.
For Alaska, demand has so far held up. Corporate bookings over the next 90 days were up 20% to 30% from a year earlier across most geographies and industries, Tackett said, while fare increases are expected to offset most of the fuel hit in the second half. Operating cash burn could fall to zero or turn slightly positive if demand holds, he said.
That resilience is giving Alaska room to keep expanding its long-haul and premium ambitions after its acquisition of Hawaiian Airlines. Tackett said the airline plans to modernize Hawaiian's Airbus (AIR.PA), opens new tab A330 cabins by adding fully enclosed suites and international premium economy.
Still, Alaska's own need to borrow underscores the pressure from higher fuel costs. The airline raised $1 billion earlier this year through $500 million of secured debt and $500 million of unsecured debt, its first unsecured offering. Tackett said the deal was received well by investors and Alaska was not planning to raise more liquidity or roll back capital spending.
He said credit markets were assessing airlines individually, pushing back on concerns that multiple airlines tapping capital markets would automatically raise funding costs across the industry.
"I don't believe there's like a credit benefit or a credit expense that is applied to the industry as a whole," he said in an interview. "It's really dependent on your profile, your balance sheet, your operating cash flow generation capability."
Reporting by Rajesh Kumar Singh; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Rajesh Kumar Singh is the U.S. Aviation Correspondent at Reuters, based in Chicago, where he reports on airlines, aircraft manufacturers, and regulatory developments that shape the global aviation industry. Prior to this role, he covered U.S. manufacturing and trade policy, including the U.S.–China trade wars, where his work delved into the disruption facing American businesses and the strategic responses of major corporations. He began his career with Reuters in India, where he reported on a wide range of issues covering the country's economic complexities—from its recovery after the global financial crisis to the challenges of inflation and governance.
On June 09, 2026, Alaska Air Group Inc ALK shares rose 6.8% today, reaching a current price of $45.13. This increase comes amid a 52-week range of $33.03 to $65.88, reflecting the stock's volatility over the past year.
GF Value™ verdict: Current price of $45.13 is 27.9% below the GF Value™ estimate of $62.62, indicating undervaluation.GF Score™: 77/100, suggesting the stock is above average in quality.Most notable signal: The financial strength score is 4/10, indicating some concerns in this area. Is ALK Overvalued or Undervalued? With a current price of $45.13 compared to the GF Value™ of $62.62, Alaska Air Group Inc appears undervalued by 27.9%. This discrepancy presents a potential opportunity for investors, as the market may not fully recognize the company's intrinsic value at this time. The GF Valuation label of "Modestly Undervalued" further supports this assessment, suggesting that while there is room for growth, caution should be exercised due to the inherent risks in the airline industry.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current valuation, ALK may be an attractive option, but investors should consider the company's financial strength and other risk factors before making decisions.
How Does ALK's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 85.2x 24.9x Forward P/E 370.3x N/A Currently, ALK's P/E (TTM) of 85.2x is significantly above its 5-year median P/E of 24.9x, indicating that the stock is trading at a premium compared to its historical average. This high P/E ratio suggests that market expectations may be overly optimistic, which is contrary to the undervaluation indicated by the GF Value™. Therefore, while the GF Value™ suggests a margin of safety, the elevated P/E ratio raises concerns about potential overvaluation.
What Does ALK's GF Score™ Tell Us? Metric Rating GF Score™ 77 Financial Strength 4/10 Profitability 7/10 Growth 8/10 Valuation 4/10 Momentum 5/10 The GF Score™ of 77/100 indicates that Alaska Air Group Inc is positioned above average in terms of quality, with its strongest areas being growth (8/10) and profitability (7/10). However, the financial strength score of 4/10 and valuation score of 4/10 highlight weaknesses that could be concerning for potential investors. The overall scores suggest that while the company has growth potential, its financial health and current valuation may warrant further scrutiny.
What Are Insiders Doing with ALK Stock? There have been no insider transactions in the last three months for Alaska Air Group Inc. This lack of activity may suggest that insiders currently do not see a compelling reason to buy or sell their shares, indicating a neutral sentiment regarding the company's performance or outlook at this time.
What This Means for Investors Based on the GF Value™ assessment, Alaska Air Group Inc appears to be undervalued at the current price of $45.13. However, potential investors should consider the company's financial strength and high P/E ratio, which may indicate risks that could affect future performance.
For the complete analysis, visit the Alaska Air Group Inc ALK stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ALK's GF Score™?
ALK's GF Score™ is 77/100, indicating above-average quality and potential for long-term returns based on key financial metrics.
Is ALK overvalued or undervalued?
ALK is currently undervalued, with a GF Value™ of $62.62 compared to its market price of $45.13, suggesting a potential investment opportunity.
What is ALK's P/E ratio?
ALK's P/E (TTM) is 85.2x, which is significantly higher than its 5-year median of 24.9x, indicating it is trading at a premium compared to its historical valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
PERTH, Australia, June 10, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKRY) (‘Alkane' or ‘the Company') is pleased to announce the latest exploration results and drilling around the Boda-Kaiser resources at its Northern Molong Porphyry Project (NMPP) in New South Wales. Program Summary Near Boda-Kaiser exploration continued with the drilling of various targets testing areas for new Au-Cu mineralised centres.
