Alaska Air Group (ALK) Projected to Post Earnings on Monday

Key Points

• Alaska Air Group will report Q1 2026 results after the market close on April 20; analysts forecast EPS of ($0.9572) and revenue of $3.309 billion, while the company’s Q1 guidance is weak (roughly -1.50 to -0.50 EPS) and FY2026 guidance is 3.50–6.50 EPS.
• Management cut near‑term guidance and Zacks downgraded the stock amid higher fuel costs and softer demand, raising the risk of an earnings miss and near‑term share volatility.
• Insiders have been selling (≈56,945 shares, ~$3.2M over 90 days), yet Wall Street’s consensus remains a "Moderate Buy" with a $63.67 price target and analyst EPS forecasts of about $6 for FY2026 and $8 for FY2027.

Alaska Air Group (NYSE:ALK - Get Free Report) is expected to be posting its Q1 2026 results after the market closes on Monday, April 20th. Analysts expect Alaska Air Group to post earnings of ($0.9572) per share and revenue of $3.3090 billion for the quarter. 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. Individuals are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Tuesday, April 21, 2026 at 11:30 AM ET.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.11 by $0.32. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business posted $0.97 earnings per share. Alaska Air Group's quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect Alaska Air Group to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Alaska Air Group Stock Performance

Shares of ALK opened at $39.55 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. The company has a 50-day simple moving average of $46.02 and a two-hundred day simple moving average of $46.88. The firm has a market capitalization of $4.48 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 5.75 and a beta of 1.27.

Insider Activity

In other news, EVP Kyle B. Levine sold 2,945 shares of Alaska Air Group stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $60.02, for a total transaction of $176,758.90. Following the completion of the transaction, the executive vice president directly owned 20,977 shares in the company, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shane R. Tackett sold 24,000 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the transaction, the chief financial officer owned 43,377 shares of the company's stock, valued at $2,478,995.55. The trade was a 35.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 56,945 shares of company stock worth $3,204,569. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Alaska Air Group

Large investors have recently made changes to their positions in the business. Brighton Jones LLC lifted 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 valued at $6,276,000 after purchasing an additional 92,416 shares during the last quarter. Auxier Asset Management lifted its holdings in shares of Alaska Air Group by 5.3% during the second quarter. Auxier Asset Management now owns 8,005 shares of the transportation company's stock valued at $396,000 after purchasing an additional 400 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of Alaska Air Group by 57.1% during the second quarter. Bank of Nova Scotia now owns 7,847 shares of the transportation company's stock valued at $388,000 after purchasing an additional 2,852 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company's stock valued at $316,000 after purchasing an additional 2,414 shares during the last quarter. Finally, Laird Norton Wetherby Trust Company LLC purchased a new position in shares of Alaska Air Group during the fourth quarter valued at approximately $306,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ALK. Weiss Ratings upgraded shares of Alaska Air Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 9th. BMO Capital Markets began coverage on shares of Alaska Air Group in a report on Tuesday, March 24th. They issued an "outperform" rating and a $50.00 price objective for the company. Citigroup lowered their price objective on shares of Alaska Air Group from $69.00 to $51.00 and set a "buy" rating for the company in a report on Friday, March 20th. UBS Group lowered their price objective on shares of Alaska Air Group from $60.00 to $53.00 and set a "buy" rating for the company in a report on Monday, March 23rd. Finally, TD Cowen lowered their price objective on shares of Alaska Air Group from $63.00 to $54.00 and set a "buy" rating for the company in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Alaska Air Group has a consensus rating of "Moderate Buy" and a consensus price target of $63.67.

Key Headlines Impacting Alaska Air Group

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

• Positive Sentiment: Alaska Airlines renewed a high‑visibility marketing push as the official airline partner of Coachella and Stagecoach — a demand/brand-strengthening activation that could support bookings in peak April travel to Palm Springs. Alaska Airlines Coachella Partnership
• Positive Sentiment: Zacks issued several upward revisions to ALK’s mid‑to‑late‑2026 and FY2027/FY2028 estimates (Q2–Q4 2026/2027 and FY2027/FY2028), implying stronger recovery in later quarters and higher long‑run EPS expectations — a potential positive for sentiment if fundamentals follow. (Estimates cited in Zacks research releases)
• Neutral Sentiment: Market commentary is mixed: a Zacks piece highlights Wall Street bulls’ optimism on ALK (discusses analyst views and whether to buy). Wall Street Bulls Look Optimistic
• Negative Sentiment: Alaska Air sharply lowered its Q1 2026 EPS guidance to a range of -2.00 to -1.50, well below consensus (around -0.94) — a material near‑term earnings miss that increases execution risk and downward pressure on the stock.
• Negative Sentiment: Zacks Research downgraded ALK from “Hold” to “Strong Sell” and cut several near‑term estimates (notably Q1 2026 and Q3 2026), and also cut Q1 2028 to a loss. The downgrade plus multiple estimate cuts amplify negative sentiment; Zacks’ coverage also includes the “avoid” commentary on fuel costs, weak demand and estimate cuts. Zacks Downgrade / Read More
• Negative Sentiment: Recent Zacks analysis flagged higher fuel costs and weaker demand in key markets as headwinds — factors that help explain the guidance cut and are likely to keep near‑term volatility elevated. Why Investors Should Avoid ALK

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.

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