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

Alaska Air Group (NYSE:ALK) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 3.500-6.500 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ALK. Cantor Fitzgerald set a $65.00 price objective on shares of Alaska Air Group in a research note on Monday, November 3rd. Barclays restated an “overweight” rating and set a $70.00 target price (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Raymond James Financial reiterated an “outperform” rating and set a $71.00 price target on shares of Alaska Air Group in a research note on Friday, December 19th. TD Cowen reissued a “buy” rating on shares of Alaska Air Group in a report on Monday, November 3rd. Finally, Citigroup restated a “buy” rating and issued a $69.00 target price (up from $61.00) on shares of Alaska Air Group in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.80.

Alaska Air Group Stock Performance

ALK stock traded down $0.22 during mid-day trading on Thursday, reaching $48.74. 4,732,845 shares of the stock traded hands, 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 business has a 50-day moving average of $47.63 and a two-hundred day moving average of $50.81. Alaska Air Group has a 52 week low of $37.63 and a 52 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 posted its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate 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 during 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. As a group, equities analysts predict that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after acquiring an additional 92,416 shares during the period. Empowered Funds LLC grew its holdings in shares of Alaska Air Group by 60.2% during the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after purchasing an additional 2,414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Alaska Air Group by 81.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock worth $16,747,000 after purchasing an additional 152,953 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Alaska Air Group during the first quarter valued at approximately $1,318,000. Finally, Invesco Ltd. raised its stake in shares of Alaska Air Group by 2.7% in the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock valued at $17,690,000 after purchasing an additional 9,307 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

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.