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

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

Alaska Air Group Price Performance

Shares of ALK stock traded down $0.51 during mid-day trading on Tuesday, hitting $45.53. 3,172,173 shares of the stock were exchanged, compared to its average volume of 3,921,436. The firm has a fifty day moving average of $45.96 and a 200 day moving average of $45.97. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. Alaska Air Group has a 52-week low of $33.03 and a 52-week high of $65.88. The company has a market cap of $5.07 billion, a PE ratio of 85.91 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. Alaska Air Group’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.77) EPS. Research analysts anticipate that Alaska Air Group will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ALK. Morgan Stanley cut their price objective on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. UBS Group reissued a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Evercore set a $60.00 price target on shares of Alaska Air Group in a report on Friday, April 17th. Weiss Ratings raised shares of Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. Finally, TD Cowen restated a “buy” rating and set a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Eleven 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. According to data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $67.12.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares in the last quarter. Mangrove Partners IM LLC acquired a new position in Alaska Air Group in the 4th quarter valued at $263,000. Panagora Asset Management Inc. purchased a new position in Alaska Air Group in the 4th quarter valued at $205,000. MML Investors Services LLC lifted its holdings in Alaska Air Group by 18.0% in the 4th quarter. MML Investors Services LLC now owns 5,352 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 818 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new stake in Alaska Air Group during the 3rd quarter worth $220,000. Hedge funds and other institutional investors 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.