ALK · NYSE · Airlines, Airports & Air Services

Alaska Air Group (ALK)

Operates Alaska and Hawaiian airline brands across a West Coast–Pacific network.

$40.12
vs last close−1.79 (−4.27%)
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Alaska Air Group, Inc.ALK
Industrials

Sells scheduled passenger and cargo travel through Alaska and Hawaiian brands, supported by regional flying, loyalty partnerships, and ground services. Its West Coast and Hawai‘i network operates under a single FAA certificate while retaining separate consumer brands.

Operates Alaska Airlines and Hawaiian Airlines as separate customer brands under one FAA operating certificate, with Horizon Air providing regional service and McGee Air Services handling ground operations. The network is concentrated in Alaska, the Pacific Northwest, California, and Hawai‘i, while extending from Seattle across North America, Latin America, Asia, and the Pacific.

Earns most revenue from passenger travel, supplemented by cargo, loyalty-program economics, lounges, onboard sales, and ground handling. Atmos Rewards links the airline brands with Bank of America credit cards, oneworld, and other airline partners; regional flying is supplied by Horizon and SkyWest under capacity-purchase agreements.

Depends on safe FAA-certified operations, aircraft and engine availability, fuel supply, labor agreements, airport infrastructure, partner redemption inventory, and the shared systems and work rules integrating the Alaska and Hawaiian operations.

Company facts

CEOBenito "Ben" Minicucci
ListedMar 17, 1980
ExchangeNYSE
HeadquartersSeattle, WA
CountryUnited States
Employees35,951
CIK0000766421
ISINUS0116591092

Market cap$4.67B
EPS (ttm)−$1.59
P/E (ttm)−26.36
ROE-4.5%
P/B1.27
P/S0.3163
Dividend yieldDiv yield
Beta2.23vs XLI 1.39

Price target$52.00+24.1%Average of 28 analysts
ConsensusBuy22 of 28 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 11, 2026BarclaysReiterate
Rating: Target: $65
Rating: OverweightTarget: $52
Sep 10, 2026UBSReiterate
Rating: Target: $62
Rating: BuyTarget: $52
Aug 24, 2026Raymond JamesReiterate
Rating: Target: $71
Rating: OutperformTarget: $52
Aug 24, 2026Cantor FitzgeraldTarget
Target: $54
Target: $46
Jul 22, 2026BarclaysReiterate
Rating: Target: $70
Rating: OverweightTarget: $65

Next report
Oct 22, 26
in 29 days
EPS estimate
$0.50
Revenue estimate
$4.31B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$0.97−$0.77$1.78$1.05$0.43−$1.68−$0.92Pending
Estimate$0.45−$0.77$1.56$1.09$0.11−$1.65−$0.99$0.50
Surprise+115.6%0.0%+14.1%−3.7%+290.9%−1.8%+7.3%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$3.53B$3.14B$3.70B$3.77B$3.63B$3.30B$4.07BPending
Estimate$3.16B$3.17B$3.75B$3.76B$3.64B$3.29B$4.09B$4.31B
Surprise+11.8%−0.9%−1.3%+0.2%−0.3%+0.2%−0.7%
Estimate$0.50
ReportedDue Oct 22, 2026
Estimate$4.31B
ReportedDue Oct 22, 2026
View details

Debt to equity207.50%
Current ratio54.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.07B$3.53B$3.14B$3.70B$3.77B$3.63B$3.30B$4.07B
Net income$236.0M$71.0M−$166.0M$172.0M$73.0M$21.0M−$193.0M−$76.0M
Net margin7.7%2.0%0.0%4.6%1.9%0.6%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$341.0M$73.0M−$197.0M$277.0M$148.0M$75.0M−$279.0M−$168.0M
YoY growth+61.6%+128.1%Loss widened−14.0%−56.6%+2.7%Loss widenedTurned loss

Balance sheet, Jun 30, 2026Cash & short-term investments $2.70B · Total debt $7.62B · Total assets $21.25B · Shareholders' equity $3.67B

Revenue
$4.07B
Operating income
−$168.0M
Net income
−$76.0M
View details

No dividends on record.

Institutions93.20%104.02M shares
529 holders · as of Jun 30, 2026
Insiders0.73%817.1K shares
21 holders · as of Aug 21, 2026
Other6.07%6.77M shares
remainder

111.60M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
10.41%11.62Mas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
5.81%6.49Mas of Jun 30, 2026
American Century Companies IncInstitution
4.77%5.33Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.46%4.97Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.44%4.96Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 20, 2026Benito Minicuccidirector, officer: CEO AND PRESIDENT+25,000$40.06
Aug 3, 2026Andrew R. Harrisonofficer: EVP AND CCO−5,300$49.67
Feb 18, 2026Shane R. Tackettofficer: EVP AND CFO−24,000$57.15
Feb 18, 2026Andrew R. Harrisonofficer: EVP AND CCO−5,500$56.63
Feb 13, 2026Andrew R. Harrisonofficer: EVP AND CCO−14,500$54.81
View details

  • Delta Air Lines

    Dominant Seattle network rival with broad domestic and Pacific overlap.

  • Southwest Airlines

    Low-fare challenger on Hawai‘i and short-haul West Coast routes.

  • United Airlines

    Network-carrier rival on Hawai‘i, West Coast, and long-haul travel.

Compare

CompanyPriceChange
Alaska Air Group$40.12−4.27%$4.67B33.70.3+9.8%
Delta Air Lines$82.69−1.47%$55.19B13.910.80.8+18.7%
Southwest Airlines$41.27−1.92%$20.59B25.810.70.7+16.4%
United Airlines$112.92−1.99%$37.39B10.89.00.6+16.0%
Median13.910.70.7+16.4%