Alaska Air Group, Inc. (ALK) Stock Price & Analysis

Alaska Air Group, Inc. (ALK) closed at USD 35.38 on Thursday, October 22, 2026, up 5.49% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 33.54; the Oct 22, 2026 session ranged USD 32.33–35.66 on volume of 7,530,561 shares. Market capitalization is $3.95B, with a 52-week range of USD 32.33–60.63 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:37 UTC.

Also available as compact Markdown for AI agents: nexqual.com/ALK.md

Key facts (ALK)

• Last four reported quarters (through Jun 30, 2026): revenue $14.8B, net income -$175M (-1.2% margin) (SEC filings).
• 2 of 80 tracked superinvestors hold ALK (13F, Q2 2026): 0 new, 2 added, 0 reduced, 0 unchanged.
• Insider open-market sales, last ~7 months: 1 Form 4 filings, $263K; 1 not under a Rule 10b5-1 plan ($263K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
• Insider open-market purchases, last ~7 months: 1 Form 4 filing, $1.0M; 1 by opportunistic insiders, 0 by routine insiders.
• Analysts: Buy (mean 1.88 on a 1–5 scale) (16 analysts), mean target USD 52.31 (range 33–78).
• Total return with dividends: 1Y -24.1% vs S&P 500 +14.9%; 5Y -34.3% vs S&P 500 +80.3%.
• Next earnings: 2026-10-20, EPS estimate USD -2.01, revenue estimate $4.12B.

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ALK)

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (ALK)

P/S 0.3x · EV/EBITDA 12.5x · EV/Sales 0.5x · P/B 1.1x · Earnings yield -4.43% · Buyback yield (TTM) 7.22% · Net debt $3.39B · EV $7.33B

P/E at fiscal year-ends: Dec 2025 60.3x, Dec 2024 21.0x, Dec 2023 21.4x.

Superinvestors (SEC 13F-HR, Q2 2026) (ALK)

2 of 80 tracked investors hold ALK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

Insider sales (SEC Form 4, open-market, last ~7 months) (ALK)

0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Insider purchases (SEC Form 4, open-market, last ~7 months) (ALK)

1 purchase, $1.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.

Analysts (ALK)

Consensus Buy (mean 1.88 on a 1–5 scale), 16 analysts; mean target USD 52.31 (low 33, high 78).

Rating changes, last 120 days:

Total return (dividends reinvested) (ALK)

ALK revenue by business segment (quarter ended Sep 30, 2025)

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

ALK suppliers, customers and competitors (named in its 10-K)

Quoted from the company's 10-K filed Feb 12, 2026.

ALK company outlook (results filed Oct 20, 2026)

• “Air Group expects capacity to grow approximately 1% to 1.5% year-over-year, with the increase concentrated in international flying.”
• “Elevated fuel costs are expected to remain a significant headwind to near-term profitability, with our guidance assuming a fourth quarter economic fuel cost of $4.65 to $4.85 per gallon, or $650 million higher than our initial plan.”
• “For the full year, we now expect an adjusted loss per share between ($5.50) and ($5.00), inclusive of $1.8 billion in fuel expense above our plan.”
• “During the third quarter of 2026, the Company revised its full-year outlook from a pretax income to a pretax loss primarily due to elevated fuel prices.”

Quoted word-for-word from the SEC 8-K results press release.

ALK analyst estimates and revisions

ALK options: expected move

30-day implied volatility 51.3% vs 41% realized over the last 30 trading days. Put/call ratio (volume) 0.62. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 08:37 UTC)

Technical Analysis (ALK)

Nexqual's technical model rates ALK "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 08:37 UTC.

Analyst Ratings (ALK)

Wall Street analysts rate ALK "Buy" based on 16 analysts, with a mean price target of USD 52.31 (range USD 33–78), per Nexqual as of October 23, 2026 at 08:37 UTC.

Earnings (ALK)

Recent Earnings History

Source: Nexqual, October 23, 2026 at 08:37 UTC.

Financials & Fundamentals (ALK)

Source: Nexqual, October 23, 2026 at 08:37 UTC.

Financial Health Score (ALK)

Nexqual rates Alaska Air Group, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 08:37 UTC.

Ownership (ALK)

Source: Nexqual, October 23, 2026 at 08:37 UTC.

Leadership (ALK)

Alaska Air Group, Inc. is led by Benito Minicucci, President, CEO & Director and CEO of Alaska Airlines, per Nexqual as of October 23, 2026 at 08:37 UTC.

Major Backers & Investors (ALK)

Notable institutional backers of Alaska Air Group, Inc. include American Century Companies Inc, Capital Group, Frontier Capital Management Company LLC, according to Nexqual as of October 23, 2026 at 08:37 UTC.

Active Investors

Index Funds (Passive)

Source: Nexqual, October 23, 2026 at 08:37 UTC.

From Alaska Air Group, Inc.'s Latest SEC 10-K Filing (filed 2026-02-12)

Key Strengths & Strategy (as disclosed to the SEC)

• We also provide cargo services to Amazon.com, Inc (Amazon) under an Air Transportation Services Agreement (ATSA).
• We developed a five-part path to guide our long-term journey to net zero carbon emissions, and this strategy is complemented with near-term voluntary environmental sustainability goals.

Partnerships

• Through ASV, we have partnered and invested with companies focused on new technologies including: ◦Breakthrough Energy Ventures (BEV) is a fund that was launched in 2025 in partnership with oneworld alliance member airline.
• As part of the oneworld alliance, Atmos Rewards members with tier status also enjoy reciprocal benefits when flying with other oneworld alliance airlines.

Legal & Regulatory Risks (Item 1A, quoted)

• Changes in government regulation imposing additional requirements and restrictions on our operations and business model could negatively impact our revenue and operating costs and result in service delays and disruptions.
• Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for most legal actions involving actions brought against us by stockholders, which could limit our stockholders' ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or other employees.

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:37 UTC. This page is informational and not investment advice.

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