Alaska Air Group (NYSE:ALK) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Alaska Air Group (NYSE:ALK) announced its quarterly earnings data on Tuesday. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07, 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 analysts’ expectations of $4.09 billion. During the same period last year, the firm earned $1.42 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group updated its Q3 2026 guidance to 0.000-1.000 EPS.

Alaska Air Group Trading Down 1.1%

Shares of NYSE ALK opened at $45.53 on Wednesday. The company’s fifty day moving average is $46.10 and its 200-day moving average is $45.94. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 85.91 and a beta of 1.28. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $65.88. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29.

Institutional Trading of Alaska Air Group

Large investors have recently made changes to their positions in the company. Brighton Jones LLC raised its stake 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 worth $6,276,000 after buying an additional 92,416 shares during the period. Empowered Funds LLC grew its stake in Alaska Air Group by 60.2% in the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock valued at $316,000 after acquiring an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Alaska Air Group by 81.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after acquiring an additional 152,953 shares during the period. Intech Investment Management LLC bought a new stake in shares of Alaska Air Group in the first quarter worth about $1,318,000. Finally, Invesco Ltd. increased its holdings in shares of Alaska Air Group by 2.7% in the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock worth $17,690,000 after acquiring an additional 9,307 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

More Alaska Air Group News

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

• Positive Sentiment: Second-quarter EPS beat expectations, showing Alaska Air managed earnings slightly better than analysts feared despite a tough cost environment. MarketBeat Alaska Air earnings report
• Positive Sentiment: Revenue increased about 9.7% from a year earlier, and management said Q3 unit revenue should grow at a double-digit rate, suggesting demand remains solid. Reuters article
• Neutral Sentiment: The company highlighted integration progress with Hawaiian Airlines, including a single passenger service system and expanded international flying from Seattle, which may support longer-term efficiency and growth. PR Newswire release
• Negative Sentiment: Third-quarter EPS guidance of $0.00 to $1.00 fell well short of the consensus estimate of $1.22, a major reason the stock is sliding today. EconoTimes outlook article
• Negative Sentiment: Fuel costs jumped sharply and drove Alaska Air to a $76 million quarterly loss, signaling that margin pressure could continue if oil prices stay elevated. WSJ article

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings cut shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen lowered Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Monday. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Evercore set a $60.00 price objective on Alaska Air Group in a report on Friday, April 17th. Finally, BMO Capital Markets increased their target price on Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.12.

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.