ADN has some coverage today of the earnings release:
https://www.adn.com/nation-world/202...89IXaYneF4d6rw
Slide deck from AS:
https://news.alaskaair.com/wp-conten...ental-3Q25.pdf
Here is a quick summary of the items from the ADN story.
- Profit Challenges: Alaska Air Group's third-quarter profits dropped significantly to $73 million, or 62 cents per share, from $236 million, or $1.84 per share, the previous year. This was largely due to an IT outage in July and severe thunderstorms on the East Coast that disrupted operations.
- Operational Hurdles: The IT outage caused a three-hour fleet grounding and led to about four days of flight disruptions, reducing earnings per share by an estimated 10 cents. Continued air traffic control issues and unexpected summer weather further complicated operations.
- Revenue Growth: Despite these challenges, Alaska Air Group saw a 23% increase in total operating revenue, reaching $3.8 billion. Notably, cargo revenue rose by 27%, and premium seating revenue increased by 5%.
- Loyalty and Credit Card Success: The airline's new loyalty program and credit card launch exceeded expectations, with sign-ups increasing 48% year over year. A quarter of new enrollees are from outside the West Coast and Hawaii, and 10% were not previously part of Alaska or Hawaiian's programs.
I know in other threads the rate of new card uptake has been asked about. The slide deck says the first two weeks of signups exceeded goals for year end.