Alaska Air Group (NYSE:ALK) Posts Earnings Results, Beats Expectations By $0.05 EPS

Alaska Air Group (NYSE:ALK) announced its quarterly earnings results on Tuesday. The transportation company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.97) by $0.05, FiscalAI reports. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.During the same period in the prior year, the firm earned $1.42 EPS. Alaska Air Group updated its Q3 2026 guidance to 0.000-1.000 EPS.

Alaska Air Group Price Performance

Shares of NYSE ALK traded down $0.51 during midday trading on Tuesday, reaching $45.53. The company’s stock had a trading volume of 3,188,063 shares, compared to its average volume of 3,922,756. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 85.91 and a beta of 1.28. The company has a 50 day moving average price of $45.96 and a 200 day moving average price of $45.97. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29.

Alaska Air Group News Roundup

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

• Positive Sentiment: Alaska Air reported second-quarter adjusted EPS of -$0.92, which was better than the consensus estimate of -$0.97, suggesting the company performed a bit better than feared on profitability. Article Title
• Positive Sentiment: Revenue came in at $4.07 billion to $4.1 billion, up year over year and close to analyst expectations, showing continued demand growth even as margins stayed weak. Article Title
• Neutral Sentiment: Management raised a strategic note around Hawaiian Airlines, which is retiring older Boeing 717s and shifting to larger 737 NG jets for inter-island flying beginning in 2028, indicating longer-term capacity and fleet planning. Article Title
• Negative Sentiment: The company’s new third-quarter 2026 EPS guidance of 0.00 to 1.00 came in well below the 1.22 consensus estimate, signaling softer near-term earnings momentum. Article Title
• Negative Sentiment: Quarterly results still showed a net loss, with rising costs, a wider loss, and a weaker operating profile, which is weighing on sentiment for Alaska Air Group, Inc. (NYSE: ALK). Article Title

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. purchased a new position in Alaska Air Group during the 4th quarter valued at about $26,000. Advisory Services Network LLC purchased a new position in Alaska Air Group in the third quarter valued at about $90,000. EverSource Wealth Advisors LLC increased its position in Alaska Air Group by 194.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,276 shares of the transportation company’s stock worth $113,000 after purchasing an additional 1,504 shares during the last quarter. Quarry LP acquired a new position in Alaska Air Group in the 3rd quarter worth about $118,000. Finally, State of Wyoming raised its stake in shares of Alaska Air Group by 102.1% during the 2nd quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock worth $186,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALK has been the topic of several analyst reports. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Monday. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. TD Cowen restated a “buy” rating and set a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Finally, Evercore set a $60.00 price objective on shares of Alaska Air Group in a report on Friday, April 17th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.12.

About Alaska Air Group

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.