Alaska Air Group (NYSE:ALK) Releases Q1 2026 Earnings Guidance

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

Alaska Air Group Price Performance

Shares of NYSE:ALK traded down $0.22 during mid-day trading on Thursday, reaching $48.74. The stock had a trading volume of 4,732,845 shares, compared to its average volume of 3,332,729. The business’s 50 day moving average price is $47.63 and its 200 day moving average price is $50.81. Alaska Air Group has a 1 year low of $37.63 and a 1 year high of $78.08. The company has a market cap of $5.65 billion, a P/E ratio of 39.31, a price-to-earnings-growth ratio of 0.49 and a beta of 1.22. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.12.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.29. The business had revenue of $3.63 billion for 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. Research analysts expect that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ALK shares. Citigroup reaffirmed a “buy” rating and set a $69.00 price target (up previously from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alaska Air Group in a report on Monday, December 29th. TD Cowen reissued a “buy” rating on shares of Alaska Air Group in a research note on Monday, November 3rd. Finally, Susquehanna upped their price objective on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.80.

Institutional Trading of Alaska Air Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Alaska Air Group by 10.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,456,129 shares of the transportation company’s stock worth $71,809,000 after acquiring an additional 134,141 shares in the last quarter. Par Capital Management Inc. lifted its position in shares of Alaska Air Group by 4.1% in the 2nd quarter. Par Capital Management Inc. now owns 1,119,302 shares of the transportation company’s stock worth $55,383,000 after purchasing an additional 43,726 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Alaska Air Group by 1,563.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock worth $54,378,000 after purchasing an additional 1,026,710 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Alaska Air Group during the third quarter valued at approximately $48,583,000. Finally, Two Sigma Investments LP increased its holdings in Alaska Air Group by 22.3% during the third quarter. Two Sigma Investments LP now owns 969,540 shares of the transportation company’s stock valued at $48,264,000 after buying an additional 176,955 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

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.