Alaska Airlines' managed corporate revenue for the third quarter increased 30 percent year over year, according to the carrier's Wednesday earnings report, repeating its growth rate from the second quarter.
Further, future managed corporate bookings "are also running approximately 30 percent above prior-year levels, reflecting share gains across business and large leisure agencies," Alaska Air Group chief commercial officer Andrew Harrison said on a Wednesday earnings call.
Harrison added that the carrier's business-class cabin performance on its Seattle-London Heathrow route, which launched in May, "exceeded our fair market share by three points in the third quarter, demonstrating our ability to convert our strong domestic corporate performance into international share."
Premium traffic "remained one of our strongest revenue performers, growing approximately 24.5 percent year over year and reaching more than 36 percent of total revenue," Harrison said. "That's up three points versus last year."
Alaska Q3 Metrics
Alaska Air Group third-quarter passenger revenue increased 13 percent year over year to nearly $3.9 billion. Total revenue was up 14 percent to $4.3 billion. The carrier reported a net loss of $147 million compared with a profit of $73 million in Q3 2025. Elevated fuel costs "remain a near-term headwind," Harrison said.
Capacity for the third quarter increased 2.4 percent year over year, which was in the middle of the carrier's previous expectation. The average price of fuel was $3.94 per gallon, up from $2.51 per gallon a year prior and up from the $3.75 cited in prior guidance.
Alaska projects fourth-quarter capacity to increase 1 percent to 1.5 percent year over year. The average fuel cost is estimated to be $4.65 to $4.85 per gallon.
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