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

Alaska Air Group (NYSE:ALK) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.500-6.500 for the period, compared to the consensus estimate of 5.260. The company issued revenue guidance of -. Alaska Air Group also updated its Q1 2026 guidance to -1.500–0.500 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ALK shares. TD Cowen reiterated a “buy” rating on shares of Alaska Air Group in a research note on Monday, November 3rd. Barclays reissued an “overweight” rating and set a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Cantor Fitzgerald set a $65.00 target price on shares of Alaska Air Group in a research note on Monday, November 3rd. Citigroup reiterated a “buy” rating and issued a $69.00 price target (up from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. Finally, Susquehanna upped their price objective on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.80.

Alaska Air Group Stock Performance

ALK stock traded down $0.22 during midday trading on Thursday, reaching $48.74. The company 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 P/E/G ratio of 0.49 and a beta of 1.22. The stock has a 50 day moving average price of $47.63 and a 200 day moving average price of $50.81. Alaska Air Group has a fifty-two week low of $37.63 and a fifty-two week high of $78.08. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.12.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.29. Alaska Air Group had a return on equity of 8.93% and a net margin of 1.06%.The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. 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. Analysts anticipate that Alaska Air Group will post 6.03 earnings per share for the current year.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in Alaska Air Group in the 3rd quarter worth approximately $90,000. EverSource Wealth Advisors LLC boosted its position in Alaska Air Group by 194.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,276 shares of the transportation company’s stock worth $113,000 after acquiring an additional 1,504 shares during the period. Quarry LP bought a new position in shares of Alaska Air Group in the third quarter worth $118,000. State of Wyoming increased its holdings in shares of Alaska Air Group by 102.1% during the second quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 1,900 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of Alaska Air Group during the third quarter valued at about $220,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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.