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

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

Alaska Air Group Stock Down 2.3%

NYSE ALK opened at $33.56 on Thursday. 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 firm has a 50-day simple moving average of $40.23 and a 200 day simple moving average of $43.20. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $60.63. The stock has a market cap of $3.74 billion, a PE ratio of -9.56 and a beta of 1.33.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, October 20th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. Alaska Air Group had a negative net margin of 2.58% and a negative return on equity of 5.31%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. On average, research analysts forecast that Alaska Air Group will post -3.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALK. TD Cowen cut their target price on Alaska Air Group from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Bank of America boosted their price target on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. dropped their price objective on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating on shares of Alaska Air Group in a report on Friday, September 25th. Finally, Citigroup decreased their target price on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” 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 given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average target price of $57.38.

Insider Buying and Selling

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

Key Headlines Impacting Alaska Air Group

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

• Positive Sentiment: Third-quarter revenue increased 14.4% year over year to $4.31 billion, in line with analysts’ expectations. Strong yields, premium traffic and improved revenue diversification supported the top line. ALK Q3 Earnings Beat on Strong Yields Despite Fuel Pressure
• Positive Sentiment: Diversified businesses accounted for 54% of the revenue mix, while premium traffic rose 24.5% year over year. These trends support management’s longer-term strategy to reduce reliance on traditional passenger revenue. Alaska Air: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Alaska announced plans to join the Atlantic and Pacific Joint International Businesses and expand nonstop Seattle service, including new routes to Osaka and Papeete. The moves could strengthen its international and premium-market growth prospects. Alaska Air Group reports third quarter 2026 results
• Neutral Sentiment: Analysts’ average price target was reported at $57.38, substantially above the recent trading level, although targets may not reflect the worsening near-term fuel and earnings outlook. Alaska Air Group Stock Has Average Target Price of $57.38
• Negative Sentiment: Alaska Air reported a $147 million GAAP net loss, or $1.32 per share, while adjusted EPS of $0.36 declined from $1.05 a year earlier and fell short of the approximately $0.39 consensus estimate. Alaska Air Group Swings to Third-Quarter Loss on Fuel Costs
• Negative Sentiment: Management forecast an adjusted fourth-quarter EPS loss of $2.50 to $2.00, substantially worse than the $1.14 loss analysts expected. Surging fuel costs are the primary headwind and more than offset the company’s revenue gains. Alaska Air forecasts bigger-than-expected 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.