Alaska Air Group Eyes Massive Cost Synergies from Hawaiian Deal—Is a Profit Surge Coming? 

The Alaska Air Group reported a challenging first quarter of 2025, with a GAAP net loss of $166 million and an adjusted net loss of $95 million, excluding special items and fuel hedge adjustments. This represents a difficult start to the year primarily due to a divergence in air travel demand from the robust levels seen in prior months. However, the company is committed to its strategic initiative, Alaska Accelerate, which focuses on long-term value creation and profitability.