Alaska Air Group (NYSE:ALK) Issues Q4 2026 Earnings Guidance

Alaska Air Group (NYSE:ALK) updated its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of -2.500–2.000 for the period, compared to the consensus EPS estimate of -1.140.

Alaska Air Group Stock Performance

ALK stock traded down $0.80 during trading on Wednesday, reaching $33.56. 11,461,899 shares of the company’s stock were exchanged, compared to its average volume of 3,657,738. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $60.63. The firm has a market cap of $3.74 billion, a PE ratio of -21.37 and a beta of 1.33. The company’s fifty day moving average price is $40.50 and its 200-day moving average price is $43.22. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, October 20th. The transportation company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. Alaska Air Group’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. On average, research analysts expect that Alaska Air Group will post -3.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALK. Barclays set a $52.00 price target on Alaska Air Group and gave the company an “overweight” rating in a research report on Friday, September 11th. Wall Street Zen cut Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Monday, October 5th. UBS Group reaffirmed a “buy” rating and set a $51.00 target price (down from $54.00) on shares of Alaska Air Group in a research note on Friday, October 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.38.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 5,300 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 25,528 shares of the company’s stock, valued at $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Benito Minicucci purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the transaction, the chief executive officer directly owned 256,582 shares in the company, valued at $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is currently owned by corporate insiders.

Key Alaska Air Group News

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

• Positive Sentiment: Third-quarter revenue increased 14.4% year over year to approximately $4.31 billion, in line with estimates. Adjusted earnings of $0.36 per share exceeded the Zacks consensus estimate of $0.35, helped by strong yields and revenue growth. Alaska Air Group Q3 Earnings Top Estimates
• Positive Sentiment: Alaska is making progress on its diversification strategy. Diversified revenue reached 54% of the third-quarter total, while premium traffic grew 24.5% year over year. The company also announced plans to join international joint businesses with oneworld and global partners and expand Seattle service to Osaka and Papeete. Alaska Air: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Analysts’ average price target is reported at $57.38, substantially above recent trading levels, but target prices are expectations rather than a near-term catalyst and may be revised following the earnings outlook. Alaska Air Group Analyst Price Target
• Negative Sentiment: Alaska reported a GAAP loss of $1.32 per share, or $147 million, compared with $1.05 of earnings per share a year earlier. Although adjusted EPS was positive, it fell short of the broader analyst estimate of $0.39, highlighting weaker profitability despite higher revenue. Alaska Air Group Swings to Third-Quarter Loss
• Negative Sentiment: Surging fuel costs more than offset strong yields and double-digit revenue growth. Management’s fourth-quarter forecast calls for a larger-than-expected loss, making fuel prices and near-term margins the main risks for ALK. Alaska Air Forecasts Larger Fourth-Quarter Loss

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.