Alaska Air Group (NYSE:ALK) Releases Q4 2026 Earnings Guidance

Alaska Air Group (NYSE:ALK) issued an update on its fourth quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of -2.500–2.000 for the period, compared to the consensus EPS estimate of -1.140.

Analysts Set New Price Targets

Several analysts have recently weighed in on ALK shares. UBS Group reissued a “buy” rating and issued a $51.00 target price (down from $54.00) on shares of Alaska Air Group in a report on Friday, October 16th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Citigroup decreased their price target on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a research note on Friday, July 24th. Cantor Fitzgerald set a $46.00 price objective on Alaska Air Group in a research report on Monday, August 24th. Finally, Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average price target of $57.38.

Alaska Air Group Stock Performance

NYSE:ALK traded down $0.80 during midday trading on Wednesday, reaching $33.56. 11,456,865 shares of the company traded hands, compared to its average volume of 3,657,660. The company has a fifty day moving average price of $40.50 and a 200 day moving average price of $43.22. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $60.63. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of -21.37 and a beta of 1.33. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, analysts expect that Alaska Air Group will post -3.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Benito Minicucci acquired 25,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the acquisition, the chief executive officer owned 256,582 shares in the company, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.00% of the company’s stock.

Alaska Air Group News Summary

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

• Positive Sentiment: Third-quarter revenue increased 14.4% year over year to approximately $4.31 billion, in line with estimates. Adjusted earnings of $0.36 per share exceeded the Zacks consensus estimate of $0.35, helped by strong yields and revenue growth. Alaska Air Group Q3 Earnings Top Estimates
• Positive Sentiment: Alaska is making progress on its diversification strategy. Diversified revenue reached 54% of the third-quarter total, while premium traffic grew 24.5% year over year. The company also announced plans to join international joint businesses with oneworld and global partners and expand Seattle service to Osaka and Papeete. Alaska Air: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Analysts’ average price target is reported at $57.38, substantially above recent trading levels, but target prices are expectations rather than a near-term catalyst and may be revised following the earnings outlook. Alaska Air Group Analyst Price Target
• Negative Sentiment: Alaska reported a GAAP loss of $1.32 per share, or $147 million, compared with $1.05 of earnings per share a year earlier. Although adjusted EPS was positive, it fell short of the broader analyst estimate of $0.39, highlighting weaker profitability despite higher revenue. Alaska Air Group Swings to Third-Quarter Loss
• Negative Sentiment: Surging fuel costs more than offset strong yields and double-digit revenue growth. Management’s fourth-quarter forecast calls for a larger-than-expected loss, making fuel prices and near-term margins the main risks for ALK. Alaska Air Forecasts Larger Fourth-Quarter Loss

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.