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

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays set a $65.00 target price on Alaska Air Group and gave the company an “overweight” rating in a research note on Wednesday. Wall Street Zen cut Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Monday. Bank of America raised their price target on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Evercore set a $60.00 price target on shares of Alaska Air Group in a report on Friday, April 17th. Finally, Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.73.

Alaska Air Group Stock Down 2.7%

NYSE:ALK opened at $44.22 on Thursday. The company has a market cap of $4.93 billion, a PE ratio of -28.16 and a beta of 1.28. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. The firm’s 50 day simple moving average is $46.21 and its 200 day simple moving average is $45.89. 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 (NYSE:ALK) last released its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.06%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. Alaska Air Group’s revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, research analysts anticipate that Alaska Air Group will post -0.06 earnings per share for the current year.

Institutional Trading of Alaska Air Group

A number of large investors have recently modified their holdings of the business. Atlas Capital Advisors Inc. purchased a new stake in Alaska Air Group during the fourth quarter valued at about $26,000. Advisory Services Network LLC purchased a new stake in Alaska Air Group in the third quarter worth about $90,000. EverSource Wealth Advisors LLC grew its stake in Alaska Air Group by 194.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,276 shares of the transportation company’s stock worth $113,000 after purchasing an additional 1,504 shares during the period. Quarry LP purchased a new position in Alaska Air Group during the 3rd quarter valued at about $118,000. Finally, State of Wyoming grew its stake 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 acquiring an additional 1,900 shares during the last quarter. 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.