Seattle-based Alaska Air Group (NYSE:ALK) reported financial results for the fourth quarter and full year 2025, reflecting solid operational execution and progress on the integration of Hawaiian Airlines.
Fourth-quarter GAAP earnings per share were $0.18, while adjusted earnings per share came in at $0.43.
Revenue for the quarter totaled $3.6 billion.
For the full year, GAAP net income was $100 million, or $0.83 per share, and adjusted net income reached $293 million, or $2.44 per share.
The company generated $1.2 billion in operating cash flow for the year and repurchased 11.3 million shares for $570 million.
The adjusted pretax margin for 2025 was 2.8%.
Key operational achievements included obtaining a single operating certificate for Alaska and Hawaiian Airlines, launching sales for new international routes from Seattle to London and Rome with first flights scheduled for spring 2026, and announcing a major fleet order in January 2026 for 105 Boeing 737-10 aircraft and 5 Boeing 787 aircraft.
Looking ahead, Alaska Air Group provided full-year 2026 adjusted earnings per share guidance of $3.50 to $6.50.
For the first quarter of 2026, adjusted EPS is expected in the range of $(1.50) to $(0.50).
Capital expenditures for 2026 are projected at approximately $1.4 billion to $1.5 billion.