Alaska Air Group (NYSE:ALK) Releases Q2 2026 Earnings Guidance

Alaska Air Group (NYSE:ALK) updated its second quarter 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -1.000–1.000 for the period, compared to the consensus estimate of -0.060. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALK. Barclays reaffirmed an “overweight” rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research note on Monday, January 12th. Zacks Research lowered Alaska Air Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. BMO Capital Markets assumed coverage on Alaska Air Group in a research note on Tuesday, March 24th. They issued an “outperform” rating and a $50.00 price objective on the stock. Bank of America reduced their price objective on Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Wall Street Zen lowered Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.33.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $41.52 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50. The firm has a market cap of $4.70 billion, a P/E ratio of 78.33, a P/E/G ratio of 6.33 and a beta of 1.27. The business’s fifty day moving average is $43.99 and its two-hundred day moving average is $46.51. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a return on equity of 4.86% and a net margin of 0.51%.Alaska Air Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Equities research analysts forecast that Alaska Air Group will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,500 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $56.63, for a total transaction of $311,465.00. Following the completion of the sale, the executive vice president owned 30,828 shares in the company, valued at $1,745,789.64. The trade was a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shane R. Tackett sold 24,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total value of $1,371,600.00. Following the sale, the chief financial officer owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 56,945 shares of company stock worth $3,204,569 over the last 90 days. 1.00% of the stock is owned by insiders.

Key Headlines Impacting Alaska Air Group

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

• Positive Sentiment: Management says underlying travel demand remains strong and the company led the industry in on‑time performance, supporting revenue growth and premium revenue expansion. Alaska Air points to strong underlying demand
• Positive Sentiment: Alaska extended its multi‑year co‑branded credit card partnership with Bank of America, which should help Atmos Rewards revenue and customer economics over time. Alaska Air Group and Bank of America Expand Partnership
• Positive Sentiment: Wall Street consensus remains bullish — coverage is overwhelmingly Buy/Strong Buy across analysts, leaving upside potential if margins normalize and fuel eases. Every Wall Street Analyst Says Buy Alaska Air
• Neutral Sentiment: Full Q1 earnings call transcript is available for detail on operations and margin drivers; slides provide line‑item context on revenue, costs and fleet updates. Q1 2026 Earnings Call Transcript Q1 Results Presentation
• Negative Sentiment: CEO Ben Minicucci said rising jet‑fuel costs tied to geopolitical events will hit Q2 profitability by about $600M — a clear near‑term margin headwind. Alaska Air CEO on jet fuel prices: $600M impact in Q2
• Negative Sentiment: Management suspended full‑year guidance and pulled the prior profit forecast until fuel-cost outlook stabilizes — increases uncertainty and downgrades near‑term earnings visibility. Alaska Air Group Suspends Guidance
• Negative Sentiment: Q2 EPS guidance was updated to about -$1.00 (versus a consensus near -$0.06), and Q1 EPS missed estimates (reported -$1.68 vs. consensus -$1.61), driven by sharply higher cost of sales — key reasons for the stock weakness. Q1 results summary
• Negative Sentiment: Quarterly operating costs jumped materially (fuel and other cost pressures), cash balances declined versus year‑ago and the company reported an operating loss — all increase near‑term risk to earnings. Q1 financials and cost trends

Institutional Investors Weigh In On Alaska Air Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group during the fourth quarter worth $26,000. Advisory Services Network LLC bought a new stake in shares of Alaska Air Group during the third quarter worth $90,000. EverSource Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 1,504 shares during the last quarter. Quarry LP bought a new stake in shares of Alaska Air Group during the third quarter worth $118,000. Finally, State of Wyoming increased its holdings in Alaska Air Group by 102.1% in the second quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

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.