Alaska Air Group (NYSE:ALK) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Alaska Air Group (NYSE:ALK) released its earnings results on Tuesday. The transportation company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03), Zacks reports. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $34.59 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The company’s fifty day moving average is $40.50 and its two-hundred day moving average is $43.22. Alaska Air Group has a one year low of $33.03 and a one year high of $60.63. The firm has a market capitalization of $3.85 billion, a P/E ratio of -22.03 and a beta of 1.33.

Insider Buying and Selling at Alaska Air Group

In related news, CEO Benito Minicucci bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the transaction, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the transaction, the executive vice president directly owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating on shares of Alaska Air Group in a report on Friday, September 25th. TD Cowen lowered their price objective on Alaska Air Group from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. BMO Capital Markets set a $50.00 target price on Alaska Air Group and gave the stock an “outperform” rating in a research report on Monday, September 28th. Finally, Susquehanna cut their target price on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Wednesday, October 7th. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average target price of $57.38.

Alaska Air Group News Roundup

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

• Positive Sentiment: Analysts maintain an average price target of $57.38, well above the stock’s recent trading level, suggesting substantial potential upside if Alaska Air’s recovery strategy succeeds. Alaska Air Group Stock Has Average Target Price of $57.38 According to Analysts
• Positive Sentiment: Third-quarter revenue rose 14.4% year over year to $4.31 billion, while the company announced plans to join international joint businesses with oneworld and global partners. New nonstop service to Osaka and Papeete also supports Alaska Air’s goal of expanding Seattle’s international network. Alaska Air Group Reports Third Quarter 2026 Results
• Neutral Sentiment: Adjusted third-quarter earnings were $0.36 per share. This exceeded the Zacks consensus estimate of $0.35 but was below other estimates near $0.39, making the earnings beat relatively modest. Results were also sharply below $1.05 per share in the prior-year quarter. Alaska Air Group Q3 Earnings Top Estimates
• Negative Sentiment: Alaska Air reported a $147 million third-quarter GAAP loss, or $1.32 per share, as fuel costs exceeded expectations and more than offset revenue growth. The company also forecasts a larger-than-expected fourth-quarter loss, increasing concerns about profitability and cash flow. Alaska Air Forecasts Bigger-Than-Expected Fourth-Quarter Loss on Soaring Fuel Costs

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.