Alaska Air Group (NYSE:ALK) Issues Quarterly Earnings Results

Alaska Air Group (NYSE:ALK) announced its quarterly earnings results on Tuesday. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03), Zacks reports. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the business earned $1.05 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year.

Alaska Air Group Stock Performance

NYSE:ALK traded up $0.61 during mid-day trading on Tuesday, reaching $34.59. 9,287,809 shares of the company’s stock were exchanged, compared to its average volume of 3,617,817. Alaska Air Group has a one year low of $33.03 and a one year high of $60.63. The firm has a market capitalization of $3.85 billion, a PE ratio of -22.03 and a beta of 1.33. The business’s fifty day simple moving average is $40.78 and its two-hundred day simple moving average is $43.25. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55.

Key Alaska Air Group News

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 Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew Harrison sold 5,300 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the transaction, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. This represents a 17.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Benito Minicucci bought 25,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the transaction, the chief executive officer owned 256,582 shares in the company, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ALK. Citigroup cut their target price on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a research note on Friday, July 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, BMO Capital Markets set a $50.00 price objective on shares of Alaska Air Group and gave the stock an “outperform” rating in a research report on Monday, September 28th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average target price of $57.38.

Alaska Air Group Company Profile

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.