Alaska Air Group (NYSE:ALK) Issues Q3 2026 Earnings Guidance

Alaska Air Group (NYSE:ALK) updated its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.000-1.000 for the period, compared to the consensus estimate of 1.220. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BMO Capital Markets raised their price objective on Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup restated a “sell” rating and set a $47.00 price target (up from $32.00) on shares of Alaska Air Group in a report on Friday, June 26th. Wall Street Zen downgraded shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Morgan Stanley dropped their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus price target of $67.12.

Alaska Air Group Stock Down 1.1%

ALK opened at $45.53 on Wednesday. The company has a market capitalization of $5.07 billion, a PE ratio of 85.91 and a beta of 1.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The business has a 50-day moving average of $46.10 and a 200-day moving average of $45.94.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the business posted $1.42 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Equities research analysts forecast that Alaska Air Group will post -0.06 EPS for the current fiscal year.

Trending Headlines about Alaska Air Group

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

• Positive Sentiment: Second-quarter EPS beat expectations, showing Alaska Air managed earnings slightly better than analysts feared despite a tough cost environment. MarketBeat Alaska Air earnings report
• Positive Sentiment: Revenue increased about 9.7% from a year earlier, and management said Q3 unit revenue should grow at a double-digit rate, suggesting demand remains solid. Reuters article
• Neutral Sentiment: The company highlighted integration progress with Hawaiian Airlines, including a single passenger service system and expanded international flying from Seattle, which may support longer-term efficiency and growth. PR Newswire release
• Negative Sentiment: Third-quarter EPS guidance of $0.00 to $1.00 fell well short of the consensus estimate of $1.22, a major reason the stock is sliding today. EconoTimes outlook article
• Negative Sentiment: Fuel costs jumped sharply and drove Alaska Air to a $76 million quarterly loss, signaling that margin pressure could continue if oil prices stay elevated. WSJ article

Institutional Inflows and Outflows

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

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.