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SEC filingAlaska Air Group reports single segment; aircraft purchase commitments of $11.5B; share repurchases of $203M with $227M remaining; total debt $5.1B.
Total debt decreased to $5.079B from $5.309B at year-end 2025, driven by $340M of repayments partially offset by $111M of new aircraft-secured debt. Marketable securities stood at $1.317B, with a cost basis of $1.316B. Deferred revenue (primarily loyalty program) totaled $3.481B, up from $3.433B at year-end, reflecting continued point issuance growth. No cash or inventory figures are disclosed in the Notes; cash and equivalents are reported elsewhere.
The company has substantial aircraft purchase commitments of $10.368B for firm orders (174 B737, 12 B787, 3 E175) and capacity purchase agreement obligations of $1.094B with SkyWest. Total commitments amount to $11.462B as of March 31, 2026. Timing: $812M within one year, $3.669B in 1–3 years, and $6.981B beyond three years. Additionally, the company holds 71 options and other rights for aircraft deliveries from 2028–2035.
During Q1 2026, the company repurchased 4.7M shares for $203M under its $1B authorization, leaving $227M remaining. No dividends are paid. Debt management included $111M in new borrowings and $340M in repayments (scheduled $227M + prepayments $113M), resulting in a net debt reduction of $230M. Capex is not discussed in the Notes; the cash flow statement shows aircraft additions of $308M and other property additions of $30M, but this is outside the Notes scope.
The company operates as a single segment following integration of Hawaiian Airlines. No segment-level revenue or operating income is reported. Geographic passenger revenue detail is provided in Note 2: domestic $2.599B, Latin America $187M, and Pacific $134M for Q1 2026. This breakdown is not a segment disclosure but a revenue disaggregation.