Alaska Air Group (NYSE:ALK) Issues 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 (EPS) guidance of -1.500–0.500 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

ALK has been the subject of a number of recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Alaska Air Group in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Susquehanna increased their price objective on shares of Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a report on Friday, January 9th. Cantor Fitzgerald set a $65.00 price objective on Alaska Air Group in a research report on Monday, November 3rd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.80.

Alaska Air Group Trading Down 0.4%

Shares of NYSE ALK opened at $48.74 on Friday. The stock has a market capitalization of $5.65 billion, a P/E ratio of 39.31, a PEG ratio of 0.51 and a beta of 1.22. Alaska Air Group has a 1-year low of $37.63 and a 1-year high of $78.08. The business’s 50 day moving average is $47.75 and its two-hundred day moving average is $50.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.52 and a quick ratio of 0.49.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.32. Alaska Air Group had a return on equity of 8.93% and a net margin of 1.06%.The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. 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, research analysts expect that Alaska Air Group will post 6.03 EPS for the current year.

Key Stories Impacting Alaska Air Group

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

• Positive Sentiment: Q4 results: Adjusted EPS beat expectations ($0.43 vs. ~$0.11) and revenue rose ~2.8% to $3.63B, showing demand resilience and beating consensus on profitability per share. Alaska Air Group (ALK) Q4 Earnings Beat Estimates
• Positive Sentiment: Strategic/operational progress: Management said the Alaska–Hawaiian combination reached a single operating certificate and expects momentum to accelerate in 2026, which supports longer-term cost/schedule synergies. Press Release
• Neutral Sentiment: Demand signal: Company commentary and Seeking Alpha coverage point to a pickup in bookings late in Q4 — a positive demand indicator but not yet reflected uniformly across margins and cash flow. Alaska Air points to a pickup in bookings late in Q4
• Negative Sentiment: Near-term and FY guidance raised uncertainty: Q1 2026 EPS guidance (-1.50 to -0.50) is weaker than street expectations, and FY 2026 guidance (3.50–6.50) is a wide range that brackets the consensus (~5.26), leaving investors uncertain about timing of recovery. Press Release
• Negative Sentiment: Profitability and cash concerns: Analysis highlights steep year-over-year declines in net income, gross profit and cash balances, higher cost of sales and a sizable increase in capex and liabilities — factors that can pressure margins and liquidity in the near term. Alaska Air Group (ALK) Releases Q4 2025 Earnings

Institutional Trading of Alaska Air Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of Alaska Air Group during the third quarter valued at approximately $90,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 last quarter. Quarry LP purchased a new position in Alaska Air Group during the 3rd quarter valued at $118,000. State of Wyoming grew its position in Alaska Air Group by 102.1% in the 2nd quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new stake in Alaska Air Group in the third quarter worth $220,000. 81.90% of the stock is owned by hedge funds and other 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.