Alaska Air Group (NYSE:ALK – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports. Zacks Research also issued estimates for Alaska Air Group’s Q2 2026 earnings at ($1.00) EPS, Q3 2026 earnings at $0.36 EPS, Q4 2026 earnings at ($0.42) EPS, FY2026 earnings at ($2.73) EPS, Q2 2027 earnings at $1.66 EPS, Q3 2027 earnings at $2.30 EPS, Q4 2027 earnings at $1.49 EPS, FY2027 earnings at $6.19 EPS, Q1 2028 earnings at $1.03 EPS and FY2028 earnings at $9.61 EPS.
ALK has been the subject of a number of other reports. UBS Group reiterated a “buy” rating and set a $54.00 price target (up from $53.00) on shares of Alaska Air Group in a research report on Wednesday, April 15th. Susquehanna lowered their price objective on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. BMO Capital Markets lifted their target price on shares of Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Morgan Stanley cut their target price on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, TD Cowen decreased their price target on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.85.
Get Our Latest Stock Report on ALK
Alaska Air Group Stock Performance
Alaska Air Group (NYSE:ALK – Get Free Report) last issued its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the business posted ($0.77) earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Equities analysts forecast that Alaska Air Group will post -0.95 earnings per share for the current year.
Insider Buying and Selling
In other Alaska Air Group news, EVP Kyle B. Levine sold 2,945 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 20,977 shares in the company, valued at $1,259,039.54. The trade was a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total value of $1,371,600.00. Following the sale, the chief financial officer directly owned 43,377 shares in the company, valued at $2,478,995.55. This represents a 35.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,945 shares of company stock valued at $2,654,569 in the last ninety days. Company insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. acquired a new stake in Alaska Air Group in the 4th quarter valued at about $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alaska Air Group during the third quarter worth about $28,000. AlphaQuest LLC purchased a new stake in shares of Alaska Air Group during the third quarter worth approximately $34,000. First Command Advisory Services Inc. increased its stake in shares of Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after buying an additional 485 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Alaska Air Group by 43.2% in the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 253 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.
More Alaska Air Group News
Here are the key news stories impacting Alaska Air Group this week:
- Positive Sentiment: Privium (an investment fund) disclosed a meaningful buy of about $15.97M in ALK, signaling outside investor interest in the stock. Privium Fund Buys $15.97 Million Stake in Alaska Air Amid Fuel Cost Crisis
- Positive Sentiment: Alaska Airlines announced four new nonstop routes (three from Santa Rosa and a return to Long Beach), a modest revenue/market-share positive that supports medium‑term growth in California markets. California dreaming – Alaska Airlines expands route network from Santa Rosa and returns to Long Beach with connection to Seattle
- Neutral Sentiment: ALK has attracted heightened attention on investor sites (more views/interest), which can amplify volatility but is not itself a directional fundamental change. Alaska Air Group, Inc. (ALK) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: Alaska priced a $500M private offering of senior notes at a steep 6.5% coupon and structured a loyalty‑program‑backed loan — a clear sign management is prioritizing liquidity as jet fuel costs rise; higher-cost debt increases interest expense and signals near-term margin pressure. Alaska Air Prices New Notes and Loyalty-Backed Loan
- Negative Sentiment: Company launched/announced the $500M debt offering explicitly to bolster liquidity as an Iran‑related spike in jet fuel prices erodes margins — industry fuel-cost risk remains elevated. Alaska Air launches $500 million debt offering as Iran war drives up fuel costs
- Negative Sentiment: Analysts at Zacks Research issued large downward revisions and a “Strong Sell” stance, cutting Q2/FY2026 EPS materially (example: Q2 to roughly ($1.00) and FY2026 sharply lower), increasing downside risk to near‑term expectations.
- Negative Sentiment: Industry headwinds: major carriers have already cut many summer flights as jet fuel prices spike — a sectorwide pressure that can hit revenue and unit margins for Alaska. These airlines have cut the most flights this summer as jet fuel prices skyrocket
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.
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