Alaska Air Group (NYSE:ALK) Updates 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 guidance of -2.000–1.500 for the period, compared to the consensus earnings per share estimate of -0.940. The company issued revenue guidance of -.

Alaska Air Group Stock Up 0.3%

Shares of ALK traded up $0.14 during midday trading on Thursday, hitting $40.05. The company had a trading volume of 1,819,553 shares, compared to its average volume of 4,260,862. The company’s 50 day moving average price is $46.52 and its 200 day moving average price is $47.12. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 0.51 and a beta of 1.27. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17.

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, topping the consensus estimate of $0.11 by $0.32. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The company’s revenue was up 2.8% on a year-over-year basis. 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 predict that Alaska Air Group will post 6.03 EPS for the current year.

Analyst Ratings Changes

ALK has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. The Goldman Sachs Group decreased their price objective on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Raymond James Financial reiterated an “outperform” rating and issued a $71.00 price objective on shares of Alaska Air Group in a report on Friday, December 19th. Cantor Fitzgerald set a $63.00 price objective on shares of Alaska Air Group in a report on Friday, January 30th. Finally, UBS Group decreased their price objective on shares of Alaska Air Group from $60.00 to $53.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and an average price target of $63.67.

Insider Activity at Alaska Air Group

In related news, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total value of $1,371,600.00. Following the completion of the sale, the chief financial officer owned 43,377 shares in the company, valued at approximately $2,478,995.55. This represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the completion of the sale, the executive vice president owned 30,828 shares of the company’s stock, valued at approximately $1,745,789.64. This trade represents a 15.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 56,945 shares of company stock worth $3,204,569. 1.00% of the stock is owned by corporate insiders.

Alaska Air Group News Roundup

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

• Positive Sentiment: Alaska announced a high-visibility marketing push as the official airline of Coachella and Stagecoach, increasing seasonal capacity to Palm Springs and running immersive promotions that could boost brand awareness and discretionary travel demand. Alaska Airlines returns to the desert as the official airline of Coachella and Stagecoach
• Positive Sentiment: A Zacks feature highlighting bullish Wall Street views suggests some analysts remain optimistic on ALK, which can support the stock if positive analyst commentary or upgrades follow. Wall Street Bulls Look Optimistic About Alaska Air (ALK): Should You Buy?
• Neutral Sentiment: Zacks Research has nudged up its Q4 2026 and FY2028 EPS forecasts modestly (Q4 to $1.39; FY2028 to $9.18), a data point that could be interpreted positively for longer‑term profitability — but Zacks kept a negative overall stance on the name.
• Negative Sentiment: Zacks downgraded ALK from “Hold” to “Strong Sell,” a high‑profile sell-side downgrade that typically pressures the stock as investors pick up on recommended exits. Zacks Downgrades ALK to Strong Sell
• Negative Sentiment: A Zacks article explicitly urged investors to “avoid” ALK, citing rising fuel costs, soft demand in key markets and steep earnings estimate cuts — factors that directly hit airline margins and near‑term earnings visibility. Here’s Why Investors Should Avoid Alaska Air Group Stock for Now
• Negative Sentiment: Zacks added ALK to its Rank #5 (Strong Sell) list on April 8, amplifying negative broker attention and likely contributing to recent share weakness. New Strong Sell Stocks for April 8th
• Negative Sentiment: Coverage pieces noting that ALK “sank” in recent trading highlight the market reaction to the combination of downgrades and macro pressures (fuel/demand), reinforcing downward momentum. Alaska Air Group (ALK) Stock Sinks As Market Gains: Here’s Why

Institutional Investors Weigh In On Alaska Air Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its position in Alaska Air Group by 38.4% in the 4th quarter. Pacer Advisors Inc. now owns 21,024 shares of the transportation company’s stock worth $1,058,000 after buying an additional 5,834 shares in the last quarter. Invesco Ltd. lifted its position in Alaska Air Group by 18.7% in the 4th quarter. Invesco Ltd. now owns 973,636 shares of the transportation company’s stock worth $48,974,000 after buying an additional 153,340 shares in the last quarter. Corient Private Wealth LLC lifted its position in Alaska Air Group by 205.0% in the 4th quarter. Corient Private Wealth LLC now owns 100,998 shares of the transportation company’s stock worth $5,080,000 after buying an additional 67,882 shares in the last quarter. Delta Global Management LP purchased a new stake in Alaska Air Group in the 4th quarter worth approximately $2,200,000. Finally, SummitTX Capital L.P. lifted its position in Alaska Air Group by 6,639.0% in the 4th quarter. SummitTX Capital L.P. now owns 272,524 shares of the transportation company’s stock worth $13,708,000 after buying an additional 268,480 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

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.