Alaska Air Group (NYSE:ALK) Releases Earnings Results, Misses Expectations By $0.03 EPS

Alaska Air Group (NYSE:ALK) released its quarterly earnings data on Tuesday. The transportation company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03), Zacks reports. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS.

Alaska Air Group Stock Performance

ALK stock opened at $34.59 on Wednesday. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of -22.03 and a beta of 1.33. The stock’s fifty day moving average is $40.50 and its two-hundred day moving average is $43.22. Alaska Air Group has a 1 year low of $33.03 and a 1 year high of $60.63. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55.

Analyst Ratings Changes

ALK has been the topic of several recent research reports. Susquehanna reduced their price target on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, October 7th. Barclays set a $52.00 price objective on shares of Alaska Air Group and gave the stock an “overweight” rating in a research note on Friday, September 11th. TD Cowen lowered their target price on Alaska Air Group from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Finally, Citigroup cut their target price on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.38.

Key Headlines Impacting Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Alaska Air Group reported third-quarter adjusted earnings per share of $0.36, excluding certain tax impacts, while revenue grew to approximately $4.31 billion. The company highlighted continued expansion in premium travel, international service, cargo and its Atmos Rewards program. Alaska Air Group reports third quarter 2026 results
• Positive Sentiment: The airline announced plans to join Atlantic and Pacific joint international businesses with oneworld and other global partners. New nonstop routes to Osaka and Papeete also support its goal of expanding Seattle’s international network to 15 planned routes by 2030, potentially improving long-term network scale and customer loyalty. Alaska Air Group reports third quarter 2026 results
• Negative Sentiment: Higher-than-expected fuel costs drove Alaska Air Group to a third-quarter net loss of about $147 million, or $1.32 per share, despite double-digit revenue growth. The loss was worse than the company’s adjusted result and underscores the airline’s sensitivity to fuel prices. Alaska Air Group Swings to Third-Quarter Loss on Fuel Costs
• Negative Sentiment: Alaska Air forecast a larger-than-expected fourth-quarter loss because of soaring fuel expenses. The guidance raises concern that elevated operating costs could continue to outweigh revenue gains and delay a return to consistent profitability. Alaska Air forecasts bigger-than-expected fourth-quarter loss on soaring fuel costs

Insider Buying and Selling

In related news, CEO Benito Minicucci acquired 25,000 shares of Alaska Air Group stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the acquisition, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at $10,278,674.92. This trade represents a 10.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the sale, the executive vice president directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. The trade was a 17.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.