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

Alaska Air Group (NYSE:ALK) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 3.500-6.500 for the period, compared to the consensus earnings per share 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.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $48.74 on Friday. The company has a market cap of $5.65 billion, a PE ratio of 39.31, a P/E/G ratio of 0.51 and a beta of 1.22. The business has a 50-day simple moving average of $47.75 and a 200-day simple moving average of $50.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.49 and a current ratio of 0.52. Alaska Air Group has a one year low of $37.63 and a one year high of $78.08.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.11 by $0.32. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a net margin of 1.06% and a return on equity of 8.93%. Alaska Air Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. 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. On average, equities research analysts forecast that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Alaska Air Group in a research report on Monday, December 29th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Barclays reiterated an “overweight” rating and issued a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. Raymond James Financial restated an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research note on Friday, December 19th. Finally, Wall Street Zen lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One investment 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Alaska Air Group News Summary

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

Hedge Funds Weigh In On Alaska Air Group

Hedge funds have recently bought and sold shares of the company. Auxier Asset Management raised its holdings in Alaska Air Group by 5.3% during the second quarter. Auxier Asset Management now owns 8,005 shares of the transportation company’s stock worth $396,000 after purchasing an additional 400 shares during the last quarter. Algert Global LLC raised its stake in shares of Alaska Air Group by 1.1% during the 3rd quarter. Algert Global LLC now owns 48,521 shares of the transportation company’s stock worth $2,415,000 after buying an additional 540 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Alaska Air Group by 2.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 39,590 shares of the transportation company’s stock worth $1,971,000 after buying an additional 923 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Alaska Air Group by 7.3% during the 3rd quarter. Lazard Asset Management LLC now owns 13,561 shares of the transportation company’s stock valued at $675,000 after acquiring an additional 925 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Alaska Air Group by 1.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 57,196 shares of the transportation company’s stock valued at $2,830,000 after acquiring an additional 1,006 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

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.