Alaska Air Group (NYSE:ALK) Posts Earnings Results, Beats Estimates By $0.07 EPS

Alaska Air Group (NYSE:ALK) issued its earnings results on Tuesday. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.07, FiscalAI reports. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative return on equity of 3.06% and a negative net margin of 1.19%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $1.42 EPS. Alaska Air Group updated its Q3 2026 guidance to 0.000-1.000 EPS.

Alaska Air Group Trading Down 2.7%

Shares of Alaska Air Group stock opened at $44.22 on Thursday. The stock has a market cap of $4.93 billion, a PE ratio of -28.16 and a beta of 1.28. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average of $46.21 and a two-hundred day moving average of $45.89. Alaska Air Group has a 12-month low of $33.03 and a 12-month high of $65.88.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALK shares. 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 note on Wednesday, July 1st. Citigroup reissued a “sell” rating and issued a $47.00 price objective (up from $32.00) on shares of Alaska Air Group in a report on Friday, June 26th. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. UBS Group reaffirmed a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. Finally, BMO Capital Markets increased their price target on shares of Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and an average target price of $66.73.

Institutional Trading of Alaska Air Group

A number of large investors have recently made changes to their positions in ALK. Morgan Stanley raised its holdings in Alaska Air Group by 17.1% in the 4th quarter. Morgan Stanley now owns 1,921,213 shares of the transportation company’s stock valued at $96,637,000 after acquiring an additional 280,337 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Alaska Air Group by 83.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,787,099 shares of the transportation company’s stock worth $89,891,000 after purchasing an additional 811,147 shares during the last quarter. Par Capital Management Inc. boosted its holdings in shares of Alaska Air Group by 41.3% during the fourth quarter. Par Capital Management Inc. now owns 1,581,500 shares of the transportation company’s stock worth $79,549,000 after purchasing an additional 462,198 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Alaska Air Group by 10.1% in the second quarter. AQR Capital Management LLC now owns 1,456,129 shares of the transportation company’s stock valued at $71,809,000 after purchasing an additional 134,141 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Alaska Air Group by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,975 shares of the transportation company’s stock valued at $61,264,000 after purchasing an additional 4,134 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Company Profile

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.