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

by · The Markets Daily

Alaska Air Group (NYSE:ALK – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 3.500-6.500 for the period, compared to the consensus earnings per share estimate of 5.260. The company issued revenue guidance of -. Alaska Air Group also updated its Q1 2026 guidance to -1.500–0.500 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALK shares. Citigroup restated a “buy” rating and issued a $69.00 target price (up from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Cantor Fitzgerald set a $65.00 price objective on Alaska Air Group in a research note on Monday, November 3rd. Bank of America upped their price objective on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $71.00 price target on shares of Alaska Air Group in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.80.

View Our Latest Analysis on ALK

Alaska Air Group Price Performance

Shares of ALK traded down $0.22 during trading hours on Thursday, hitting $48.74. 4,732,845 shares of the company were exchanged, compared to its average volume of 3,332,729. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.52 and a quick ratio of 0.49. The company has a market capitalization of $5.65 billion, a PE ratio of 39.31, a PEG ratio of 0.49 and a beta of 1.22. The firm has a fifty day simple moving average of $47.63 and a 200-day simple moving average of $50.81. Alaska Air Group has a one year low of $37.63 and a one year high of $78.08.

Alaska Air Group (NYSE:ALK – Get Free Report) last announced its earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.14 by $0.29. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 8.93% and a net margin of 1.06%.Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. As a group, sell-side analysts predict that Alaska Air Group will post 6.03 earnings per share for the current year.

Institutional Investors Weigh In On Alaska Air Group

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after acquiring an additional 92,416 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Alaska Air Group by 60.2% during the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after purchasing an additional 2,414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Alaska Air Group by 81.7% during the 1st 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 buying an additional 152,953 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Alaska Air Group during the 1st quarter valued at about $1,318,000. Finally, Invesco Ltd. grew its stake in shares of Alaska Air Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock valued at $17,690,000 after buying an additional 9,307 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Company Profile

(Get Free Report)

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.

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