Q4: 2026-01-22 Earnings Summary
EPS of $0.43 beats by $0.32
| Revenue of $3.63B (2.77% Y/Y) misses by $10.30M
Alaska Air Group, Inc. (ALK) Q4 2025 Earnings Call January 23, 2026 11:30 AM EST
Company Participants
Ryan St. John – Vice President of Finance, Planning & Investor Relations
Benito Minicucci – President, CEO & Director
Andrew Harrison – Executive VP & Chief Commercial Officer of Alaska Airlines Inc
Shane Tackett – CFO & Executive VP of Finance
Jason Berry – COO of Alaska Airlines
Conference Call Participants
Duane Pfennigwerth – Evercore ISI Institutional Equities, Research Division
Conor Cunningham – Melius Research LLC
Jamie Baker – JPMorgan Chase & Co, Research Division
Thomas Fitzgerald – TD Cowen, Research Division
Andrew Didora – BofA Securities, Research Division
Brandon Oglenski – Barclays Bank PLC, Research Division
Scott Group – Wolfe Research, LLC
Atul Maheswari – UBS Investment Bank, Research Division
Catherine O’Brien – Goldman Sachs Group, Inc., Research Division
Savanthi Syth – Raymond James & Associates, Inc., Research Division
Ravi Shanker – Morgan Stanley, Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2025 Fourth Quarter Earnings Call. [Operator Instructions].
Today’s call is being recorded and will be accessible for future playback at alaskaair.com.
After our speakers’ remarks, we will conduct a question-and-answer session for analysts. 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 fourth quarter and full year 2025 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 other of our management team are also on the line to answer your questions during the Q&A portion of the call.
Air Group
