Treasury
3-MO 4.26% -1bp 6-MO 4.36% -1bp 1-YR 4.51% +1bp 2-YR 4.79% +2bp 3-YR 4.86% +1bp 5-YR 4.94% unch 7-YR 5.02% -2bp 10-YR 5.12% -3bp 20-YR 5.47% -6bp 30-YR 5.42% -6bp 3-MO 4.26% -1bp 6-MO 4.36% -1bp 1-YR 4.51% +1bp 2-YR 4.79% +2bp 3-YR 4.86% +1bp 5-YR 4.94% unch 7-YR 5.02% -2bp 10-YR 5.12% -3bp 20-YR 5.47% -6bp 30-YR 5.42% -6bp 3-MO 4.26% -1bp 6-MO 4.36% -1bp 1-YR 4.51% +1bp 2-YR 4.79% +2bp 3-YR 4.86% +1bp 5-YR 4.94% unch 7-YR 5.02% -2bp 10-YR 5.12% -3bp 20-YR 5.47% -6bp 30-YR 5.42% -6bp 3-MO 4.26% -1bp 6-MO 4.36% -1bp 1-YR 4.51% +1bp 2-YR 4.79% +2bp 3-YR 4.86% +1bp 5-YR 4.94% unch 7-YR 5.02% -2bp 10-YR 5.12% -3bp 20-YR 5.47% -6bp 30-YR 5.42% -6bp 3-MO 4.26% -1bp 6-MO 4.36% -1bp 1-YR 4.51% +1bp 2-YR 4.79% +2bp 3-YR 4.86% +1bp 5-YR 4.94% unch 7-YR 5.02% -2bp 10-YR 5.12% -3bp 20-YR 5.47% -6bp 30-YR 5.42% -6bp 3-MO 4.26% -1bp 6-MO 4.36% -1bp 1-YR 4.51% +1bp 2-YR 4.79% +2bp 3-YR 4.86% +1bp 5-YR 4.94% unch 7-YR 5.02% -2bp 10-YR 5.12% -3bp 20-YR 5.47% -6bp 30-YR 5.42% -6bp
US Treasury par yield curve · Oct 20 · Source: U.S. Treasury
Wednesday, October 21, 2026
U.S. Edition
MONEY & WORLD
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Third-quarter results

Alaska Air lost $1.32 a share in the third quarter and now guides to a full-year loss on fuel

Money & World
The Editorial Team ·
An Alaska Airlines Boeing 737-9 MAX in the carrier's white and blue livery, with the carrier portrait on the tail, flying on approach against a clear blue sky with its landing gear down and a cloud at the lower left.
Photo: 4300streetcar / Wikimedia Commons (CC BY 4.0)

Ben Minicucci, the chief executive, said the company is not satisfied with the result. Alaska Air Group's third-quarter release, filed with the SEC on October 20, shows a GAAP net loss of $147 million, or $1.32 a share, on revenue up 14 percent to $4.3 billion.

The company pointed to fuel. Economic fuel cost averaged $3.94 a gallon against the $3.75 it had expected, even as unit revenue rose 11.7 percent on capacity up 2.4 percent. On the adjusted basis the loss was $35 million, or 31 cents a share, and stripping out a tax catch-up that took 67 cents off the quarter, the company puts adjusted earnings at 36 cents, inside its guidance of zero to $1.00.

The outlook is worse. Alaska now assumes fourth-quarter fuel of $4.65 to $4.85 a gallon, $650 million above its initial plan, and guides to an adjusted loss of $2.00 to $2.50 a share for the quarter and $5.00 to $5.50 for the year. It held $3.3 billion of available liquidity at September 30.

The document: Alaska Air Group, Form 8-K exhibit 99.1, October 20, 2026.

The document: Alaska Air Group, Form 8-K exhibit 99.1, third-quarter 2026 results, October 20, 2026.

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