Alaska Air Group (NYSE:ALK) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Alaska Air Group (NYSE:ALK) posted its quarterly earnings data on Monday. The transportation company reported ($1.68) earnings per share for the quarter, missing the consensus estimate of ($1.61) by ($0.07), FiscalAI reports. Alaska Air Group had a return on equity of 4.86% and a net margin of 0.51%.The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the business posted ($0.77) EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Alaska Air Group updated its Q2 2026 guidance to -1.000–1.000 EPS.

Alaska Air Group Price Performance

ALK opened at $41.52 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a market capitalization of $4.70 billion, a P/E ratio of 78.33, a price-to-earnings-growth ratio of 6.33 and a beta of 1.27. The company’s 50 day simple moving average is $43.99 and its 200-day simple moving average is $46.51. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88.

Trending Headlines about 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

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 14,500 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $54.81, for a total transaction of $794,745.00. Following the transaction, the executive vice president owned 20,195 shares of the company’s stock, valued at approximately $1,106,887.95. This represents a 41.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kyle B. Levine sold 2,945 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the completion of the transaction, the executive vice president owned 20,977 shares in the company, valued at $1,259,039.54. The trade was a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 56,945 shares of company stock worth $3,204,569 in the last quarter. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds have recently added to or reduced their stakes in the company. Jain Global LLC acquired a new stake in Alaska Air Group during the 4th quarter worth $53,683,000. BNP Paribas Financial Markets lifted its stake 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 valued at $54,378,000 after purchasing an additional 1,026,710 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Alaska Air Group in the 3rd quarter valued at $48,583,000. JPMorgan Chase & Co. boosted its position in shares of Alaska Air Group by 355.7% in the 4th quarter. JPMorgan Chase & Co. now owns 939,498 shares of the transportation company’s stock worth $47,257,000 after purchasing an additional 733,326 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Alaska Air Group by 2,671.3% in the 4th quarter. Franklin Resources Inc. now owns 589,159 shares of the transportation company’s stock worth $29,635,000 after purchasing an additional 567,900 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America decreased their price target on Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Evercore set a $60.00 price objective on Alaska Air Group in a research report on Friday. The Goldman Sachs Group reduced their price objective on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Cantor Fitzgerald set a $63.00 target price on Alaska Air Group in a report on Friday, January 30th. Finally, BMO Capital Markets began coverage on Alaska Air Group in a research note on Tuesday, March 24th. They issued an “outperform” rating and a $50.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $63.33.

Alaska Air Group Company Profile

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.