Alaska Air Group (NYSE:ALK) Updates Q1 2026 Earnings Guidance

Alaska Air Group (NYSE:ALK) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of -1.500–0.500 for the period, compared to the consensus earnings per share estimate of -0.500. The company issued revenue guidance of -. Alaska Air Group also updated its FY 2026 guidance to 3.500-6.500 EPS.

Alaska Air Group Trading Down 0.4%

Shares of ALK stock traded down $0.22 during mid-day trading on Thursday, reaching $48.74. The stock had a trading volume of 4,732,845 shares, compared to its average volume of 3,332,729. The firm has a market capitalization of $5.65 billion, a PE ratio of 39.31, a price-to-earnings-growth ratio of 0.49 and a beta of 1.22. The stock’s 50-day moving average price is $47.63 and its two-hundred day moving average price is $50.81. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.12. Alaska Air Group has a 52-week low of $37.63 and a 52-week high of $78.08.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.29. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 8.93% and a net margin of 1.06%.Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. Equities analysts expect that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ALK shares. Citigroup reaffirmed a “buy” rating and issued a $69.00 price objective (up from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Cantor Fitzgerald set a $65.00 price target on Alaska Air Group in a research note on Monday, November 3rd. Susquehanna increased their price objective on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, January 9th. UBS Group set a $77.00 price objective on Alaska Air Group and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, TD Cowen reissued a “buy” rating on shares of Alaska Air Group in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALK. Advisory Services Network LLC bought a new stake in Alaska Air Group during the 3rd quarter valued at approximately $90,000. EverSource Wealth Advisors LLC raised its position in shares of Alaska Air Group by 194.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,276 shares of the transportation company’s stock valued at $113,000 after buying an additional 1,504 shares during the last quarter. Quarry LP purchased a new position in shares of Alaska Air Group in the third quarter worth $118,000. State of Wyoming lifted its holdings in shares of Alaska Air Group by 102.1% in the second quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock worth $186,000 after buying an additional 1,900 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC bought a new position in shares of Alaska Air Group during the third quarter worth $220,000. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Company Profile

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.