Alaska Air Group (NYSE:ALK) Announces Quarterly Earnings Results

Alaska Air Group (NYSE:ALK) released its earnings results on Monday. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07), FiscalAI reports. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. Alaska Air Group’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted ($0.77) EPS. Alaska Air Group updated its Q2 2026 guidance to -1.000–1.000 EPS.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $43.47 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50. The business’s fifty day moving average price is $44.35 and its two-hundred day moving average price is $46.56. The stock has a market cap of $4.93 billion, a PE ratio of 49.97, a price-to-earnings-growth ratio of 6.60 and a beta of 1.27. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88.

More Alaska Air Group News

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Expanded Bank of America co‑brand deal should boost Atmos Rewards economics and card revenue over time, supporting premium-revenue growth and loyalty monetization. Alaska Air Group and Bank of America Expand Long-Standing Credit Card Partnership
• Positive Sentiment: Operational highlights: Alaska led the industry in on‑time performance, premium revenue rose ~8% YoY and >90% of premium fleet retrofits are complete ahead of summer — these factors support near‑term revenue and load‑factor resilience. Alaska Air Group reports first quarter 2026 results
• Neutral Sentiment: Industry M&A chatter cooled after reports that United/American merger talks were dashed — reduced near‑term consolidation risk is mixed for Alaska (less pressure from big carrier reshuffles but also fewer capacity‑disciplining catalysts). United, American merger talks dashed. Alaska Air earnings mixed.
• Negative Sentiment: Q1 miss and weak per‑share result: Alaska reported a larger-than-expected loss (about -$1.68 EPS vs. expectations nearer -$0.96/-1.36), revenue roughly in line but gross profit collapsed and operating costs surged — a clear near-term profitability headwind. Alaska Air Group (ALK) Stock Falls on Q1 2026 Earnings
• Negative Sentiment: Fuel shock and guidance pull: management pulled its full‑year forecast and suspended guidance because an Iran‑linked surge in fuel costs is materially compressing margins; the company set Q2 EPS guidance around -$1.00 versus consensus near -$0.06 — this is the main driver of the stock decline. Alaska Air pulls forecast as Iran-linked fuel surge hits margins

Insider Buying and Selling at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 14,500 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $54.81, for a total transaction of $794,745.00. Following the transaction, the executive vice president directly owned 20,195 shares in the company, valued at approximately $1,106,887.95. This represents a 41.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kyle B. Levine sold 2,945 shares of Alaska Air Group stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the completion of the sale, the executive vice president owned 20,977 shares of the company’s stock, valued at $1,259,039.54. This trade represents a 12.31% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 56,945 shares of company stock worth $3,204,569. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its position in Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after acquiring an additional 92,416 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Alaska Air Group in the fourth quarter valued at approximately $525,000. Boothbay Fund Management LLC purchased a new stake in shares of Alaska Air Group during the third quarter valued at approximately $454,000. Advisory Services Network LLC raised its stake in shares of Alaska Air Group by 359.2% during the fourth quarter. Advisory Services Network LLC now owns 8,335 shares of the transportation company’s stock valued at $419,000 after purchasing an additional 6,520 shares during the period. Finally, Auxier Asset Management lifted its position in shares of Alaska Air Group by 5.3% during the second quarter. Auxier Asset Management now owns 8,005 shares of the transportation company’s stock worth $396,000 after purchasing an additional 400 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALK has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Citigroup decreased their price objective on shares of Alaska Air Group from $69.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Barclays reaffirmed an “overweight” rating and issued a $70.00 target price (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Zacks Research downgraded shares of Alaska Air Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Finally, The Goldman Sachs Group dropped their price objective on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.33.

About Alaska Air Group

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.