Alaska Air pulls 2026 profit forecast amid fuel costs related uncertainty

Alaska Airlines cuts flights, raises bag fees as Iran war drives jet fuel prices higher

Alaska Airlines is canceling some flights as the war in Iran sends jet fuel prices skyrocketing. The Seattle-based carrier announced it has lost $193 million in the first three months of 2026. To cope with the rising costs, Alaska has already raised baggage fees — and now it’s cutting capacity in May and June. A spokesperson for Alaska Airlines says the cuts mostly affect late-night departures in high-frequency markets. The airline is also suspe…

Alaska Air suspends 2026 guidance as fuel costs soar

The Seattle-based carrier reported a Q1 net loss of $193 million and expects fuel to average $4.50 a gallon in Q2

Alaska Air drops flights as war-driven fuel costs bite

Alaska Air Group lost $193 million in the first three months of 2026 as it dealt with skyrocketing jet fuel prices due to the war in Iran.

Alaska Air pulls forecast as Iran-linked fuel surge hits margins | Honolulu Star-Advertiser

Alaska Air Group withdrew its full-year profit forecast on Monday after a sharp rise in jet fuel costs tied to the Iran war pressured margins and darkened the outlook for the rest of the year.

Alaska Air pulls 2026 profit forecast amid fuel costs related uncertainty

Fuel spike adds $600M as Alaska Air pulls its 2026 outlook

Revenue rose 5% to $3.3B as premium sales climbed 8%. Higher fuel costs drove a $193M loss; Alaska now sees about a $1 adjusted Q2 loss.