Alaska Air Group (NYSE:ALK) Announces Earnings Results

Alaska Air Group (NYSE:ALK) released its earnings results on Tuesday. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($0.97) by $0.05, FiscalAI reports. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group updated its Q3 2026 guidance to 0.000-1.000 EPS.

Alaska Air Group Stock Performance

Shares of ALK stock traded down $0.51 during trading hours on Tuesday, hitting $45.53. 3,158,441 shares of the company were exchanged, compared to its average volume of 3,921,436. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 85.91 and a beta of 1.28. The firm has a fifty day simple moving average of $45.96 and a 200 day simple moving average of $45.97. The company has a current ratio of 0.43, a quick ratio of 0.39 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Brighton Jones LLC raised its position in Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after purchasing an additional 92,416 shares during the last quarter. Mangrove Partners IM LLC purchased a new stake in shares of Alaska Air Group in the 4th quarter worth approximately $263,000. Panagora Asset Management Inc. purchased a new position in shares of Alaska Air Group in the 4th quarter worth about $205,000. MML Investors Services LLC lifted its stake in shares of Alaska Air Group by 18.0% in the fourth quarter. MML Investors Services LLC now owns 5,352 shares of the transportation company’s stock worth $269,000 after buying an additional 818 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new stake in Alaska Air Group during the 3rd quarter valued at $220,000. Institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ALK shares. Wall Street Zen cut Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Monday. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $69.00 price objective (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Finally, Susquehanna lifted their target price on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.12.

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.