Alaska Air Group (NYSE:ALK) Updates Q1 2026 Earnings Guidance

Alaska Air Group (NYSE:ALK) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of -1.500–0.500 for the period, compared to the consensus EPS estimate of -0.500. The company issued revenue guidance of -. Alaska Air Group also updated its FY 2026 guidance to 3.500-6.500 EPS.

Alaska Air Group Price Performance

NYSE:ALK traded down $0.22 during trading hours on Thursday, hitting $48.74. 4,732,845 shares of the stock traded hands, compared to its average volume of 3,332,729. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 39.31, a price-to-earnings-growth ratio of 0.49 and a beta of 1.22. Alaska Air Group has a 1 year low of $37.63 and a 1 year high of $78.08. The stock has a 50 day moving average price of $47.63 and a 200 day moving average price of $50.81. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.12.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.14 by $0.29. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 8.93% and a net margin of 1.06%.Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. Sell-side analysts forecast that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALK has been the subject of several recent analyst reports. Cantor Fitzgerald set a $65.00 target price on Alaska Air Group in a research report on Monday, November 3rd. Wall Street Zen lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. TD Cowen restated a “buy” rating on shares of Alaska Air Group in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alaska Air Group in a research report on Monday, December 29th. Finally, UBS Group set a $77.00 price target on Alaska Air Group and gave the company a “buy” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.80.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in shares of Alaska Air Group during the 3rd quarter worth about $90,000. EverSource Wealth Advisors LLC boosted its stake in Alaska Air Group by 194.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,276 shares of the transportation company’s stock worth $113,000 after buying an additional 1,504 shares during the period. Quarry LP acquired a new stake in shares of Alaska Air Group during the third quarter valued at about $118,000. State of Wyoming raised its stake in shares of Alaska Air Group by 102.1% in the 2nd quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 1,900 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter worth approximately $220,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

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.