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

Alaska Air Group (NYSE:ALK) issued an update on 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 Stock Performance

NYSE ALK traded down $0.51 on Tuesday, hitting $45.53. The stock had a trading volume of 3,147,565 shares, compared to its average volume of 3,921,436. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 85.91 and a beta of 1.28. The company’s 50-day moving average is $45.96 and its two-hundred day moving average is $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 (NYSE:ALK) last posted its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.97) by $0.05. 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 analysts’ expectations of $4.09 billion. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts expect that Alaska Air Group will post -0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALK. BMO Capital Markets increased their price objective on Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Weiss Ratings raised shares of Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. Citigroup restated a “sell” rating and issued a $47.00 price objective (up from $32.00) on shares of Alaska Air Group in a research note on Friday, June 26th. Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Bank of America increased their target price on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.12.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of 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 worth $6,276,000 after purchasing an additional 92,416 shares during the period. Mangrove Partners IM LLC acquired a new position in shares of Alaska Air Group in the 4th quarter valued at $263,000. Panagora Asset Management Inc. acquired a new stake in shares of Alaska Air Group in the fourth quarter valued at approximately $205,000. MML Investors Services LLC raised its stake in Alaska Air Group by 18.0% during the 4th quarter. MML Investors Services LLC now owns 5,352 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 818 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in shares of Alaska Air Group during the third quarter worth about $220,000. 81.90% of the stock is owned by 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.