Alaska Air Group Reports Second Quarter 2025 Net Profit of $172 Million or $1.42 per Share

Alaska Air Group has reported a second quarter 2025 net profit of $172 million or $1.42 per share on a year-over-year increase in revenue of 28 percent to $3.7 billion.  At June 30, 2025, the Group had $2.1 billion in unrestricted cash and marketable securities.

Alaska Air Group Reports Second Quarter 2025 Financial Results - Courtesy Alaska Air Group

On Wednesday (July 23, 2025), Alaska Air Group reported their second quarter financial results for the period ending June 30, 2025.  The Group reported a second quarter net profit of $172 million of $1.42 per share on a 28 percent year-over-year increase in revenue to $3.7 billion, with the revenue increase reflecting the acquisition of Hawaiian Airlines.  Alaska’s second quarter revenue per available seat mile (RASM) declined 3.3 percent compared to the same period last year to 15.39 cents, while cost per available seat mile excluding fuel (CASM-ex) increased 10.2 percent to 10.90 cents.  At June 30, 2025, the Group had $2.1 billion in unrestricted cash and marketable securities.

In Thursday’s announcement, Alaska Air Group’s President and CEO, Ben Minicucci, said,

“The results this quarter are clear evidence of our team’s disciplined execution and unwavering focus on what we can control: delivering a remarkable guest experience, driving operational excellence and unlocking the value of our newly combined network and commercial platform.  I’ve never been more confident in our team of 30,000 to execute our Alaska Accelerate plan and position Air Group for long-term success.”

Alaska Air Group's Second Quarter 2025 Financial Results - Courtesy Alaska Air Group

During the second quarter, Alaska Air Group announced their first-ever transatlantic route with new service between Seattle (SEA) and Rome Fiumicino (FCO) starting May 2026.  The carrier also began new daily nonstop service between Seattle and Tokyo during the period, the first long-haul international destination from Seattle for the Group.  Additionally, the carrier expanded summer service with twice-daily A330 flights between Seattle and Anchorage, boosting cargo capacity equivalent to two 737 freighters.  Alaska also began the cabin refresh of their 737 fleet to expand Premium and First Class seating, with modifications expected to be completed in 2026.

During the second quarter, the Group expanded their combined fleet by twelve aircraft, taking delivery of three Boeing 737-8s, four 737-9s, one 787-9 Dreamliner, two Embraer E175s, and two Airbus A330-300 freighters. Alaska Air Group also exercised options for twelve Boeing 737-10s with expected deliveries through 2028, and announced a new Boeing 787-9 base in Seattle, plus five additional 787-9s to support the Group’s international growth.  Additionally, the company reached an agreement to sell Alaska’s twelve 737-900s, with four aircraft sold in the second quarter and the remaining eight to be sold in the second half of 2025.

Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, with McGee Air Services a subsidiary of Alaska Airlines. With hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco, the carrier delivers exceptional care as they fly their guests to over 140 destinations across North America, Latin America, Asia and the Pacific.  Alaska Airlines is a member of the oneworld Alliance with Hawaiian scheduled to join in 2026. With oneworld and our additional global partners, guests can earn and redeem miles for travel to over 1,000 worldwide destinations. Alaska Air Group is traded on the New York Stock Exchange (NYSE) under the symbol ‘ALK.’

Source: Alaska Airlines