Alaska Air (ALK) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Alaska Air reported Q3 2026 revenue of $4.31 billion, slightly missing consensus estimates, with EPS of $0.36 versus $1.05 year-ago. The airline showed mixed operational metrics: load factor underperformed at 82.8% versus 84.5% estimate, while fuel costs exceeded expectations at $3.94/gallon versus $3.84 estimate. Loyalty program revenue exceeded estimates significantly at $263 million versus $234.52 million. The stock carries a Zacks Rank #4 (Sell) rating and has declined 18.9% over the past month.