Alaska Air's premium seats are effectively SOLD OUT: Q4 2025 earnings - 1.23.2026 (056)

Despite a government shutdown, seasonal winter slumps, and the chaos of merging with Hawaiian Airlines, Alaska Air Group just pulled off a massive earnings beat ($0.43 vs ~$0.10 expected).In this episode of Earnings Unscripted, Susie and Miro dig into how Alaska managed to turn a messy quarter into a profitable one. ✈️We break down the surge in premium cabin revenue (up 7%) and the surprising comeback of corporate "road warriors" that is padding the books for 2026.But it’s not all clear skies-Miro highlights a sneaky change to how the airline defines its costs (CASMex) next year and points out a terrifying statistic about how sensitive their EPS is to fuel prices. Plus, we discuss if the "Year of the Harvest" is actually here, or if the debt from the merger is going to weigh the airline down. Tune in for the unscripted truth behind the ticker. 📉📈