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

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on ALK shares. Barclays set a $52.00 price objective on shares of Alaska Air Group and gave the stock an “overweight” rating in a research note on Friday, September 11th. UBS Group restated a “buy” rating and set a $51.00 target price (down from $54.00) on shares of Alaska Air Group in a research report on Friday, October 16th. Raymond James Financial restated an “outperform” rating on shares of Alaska Air Group in a research report on Friday, September 25th. Cantor Fitzgerald set a $46.00 target price on shares of Alaska Air Group in a report on Monday, August 24th. Finally, Citigroup reiterated a “sell” rating and issued a $33.00 price target (down from $37.00) on shares of Alaska Air Group in a research report on Thursday. Ten analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.23.

Alaska Air Group Stock Up 5.6%

Shares of NYSE:ALK opened at $35.43 on Friday. The firm has a market cap of $3.95 billion, a P/E ratio of -10.10 and a beta of 1.33. Alaska Air Group has a 12-month low of $32.33 and a 12-month high of $60.63. The business has a fifty day simple moving average of $39.99 and a 200 day simple moving average of $43.18. The company has a quick ratio of 0.51, a current ratio of 0.46 and a debt-to-equity ratio of 1.49.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Tuesday, October 20th. The transportation company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. Alaska Air Group had a negative net margin of 2.58% and a negative return on equity of 5.42%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. Analysts predict that Alaska Air Group will post -3.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Andrew Harrison sold 5,300 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares in the company, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Benito Minicucci bought 25,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the purchase, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at $10,278,674.92. The trade was a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

More Alaska Air Group News

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

• Positive Sentiment: Alaska Air reported strong revenue momentum in the third quarter, with revenue rising 14.4% year over year to approximately $4.31 billion. Premium traffic increased 24.5%, while diversified revenue streams reached 54% of the total mix, helping reduce the company’s reliance on traditional passenger fares. Alaska Air: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Strong yields and revenue growth supported better-than-expected underlying third-quarter earnings in some analyst assessments, indicating that pricing power and demand remain favorable. ALK Q3 Earnings Beat on Strong Yields Despite Fuel Pressure
• Neutral Sentiment: JPMorgan and Susquehanna both reduced their price targets, to $74 and $43, respectively, but maintained bullish ratings of “overweight” and “positive.” The target cuts reflect lower near-term expectations rather than a shift to a bearish outlook.
• Negative Sentiment: Fuel inflation is the primary concern. Higher fuel expenses squeezed third-quarter profitability and are expected to weigh more heavily in the fourth quarter, overshadowing the company’s traffic and revenue gains. Alaska Air Group Stock Slides As Q3 Results Deepen Fuel Fears
• Negative Sentiment: Alaska Air guided to a fourth-quarter 2026 loss of $2.50 to $2.00 per share, substantially worse than the $1.14 loss analysts expected. Third-quarter EPS also came in slightly below the consensus estimate in the company’s reported results, reinforcing concerns about margin pressure. Alaska Air Group Fourth-Quarter Guidance

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.