Alaska Air Group's $4.3B in 2026Q3 revenue (+14.4% y/y) suggests top-line scale following the Hawaiian integration, but operating income has collapsed 76% from the 2024Q3 peak of $341M to just $82M, indicating cost absorption is outrunning capacity-driven growth.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue grew 14.4% y/y to $4.3B in 2026Q3, yet operating margin compressed to 1.9% from 11.1% in 2024Q3 and net margin turned negative at -3.4%, suggesting integration and overhead costs are scaling faster than the top line.
Alaska Air Group demonstrated resilience in Q4, with strong unit revenue and better cost management.
The stock has unanimous buy ratings from analysts, with 16 out of 16 recommending Strong Buy or Buy.
Despite leverage risks, analysts project a rebound in earnings per share by 2026.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 20, 2026 | $0.36-8.3% vs $0.39 | $4.3B-0.1% vs $4.3B |
Q3 2026 Jul 21, 2026 | -$0.92+7.3% vs -$0.99 | $4.1B-0.7% vs $4.1B |
Q2 2026 Apr 20, 2026 | -$1.68-1.8% vs -$1.65 | $3.3B+0.2% vs $3.3B |
Q1 2026 Jan 22, 2026 | $0.43+290.9% vs $0.11 | $3.6B-0.3% vs $3.6B |
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Alaska Air to cut 200 jobs as fuel costs threaten $700 million annual loss
Alaska Air (ALK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
We assess the investment worthiness of ALK stock post its third-quarter 2026 earnings release.
Benchmark ALK against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Alaska Air Group, Inc. (ALK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $38.94 | $4.34B | -11.00 | 21.34% | -2.58% | -10.5% | — | |
| $87.20 | $57.34B | 17.47 | 2.79% | 4.58% | 15.4% | 0.77% | |
| $112.74 | $36.59B | 10.32 | 3.52% | 5.46% | 21.81% | — | |
| $13.18 | $8.72B | -18.16 | 0.78% | -0.79% | — | — | |
| $44.45 | $21.75B | 20.85 | 2.11% | 3.34% | 14.39% | 1.61% | |
| $3.67 | $1.38B | -1.38 | -2.34% | -10.01% | -58.36% | — |
Alaska Air Group, Inc. (ALK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Alaska Air Group, Inc. (ALK) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 20, 2026·SEC
Sep 29, 2026·SEC
Jul 21, 2026·SEC
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Alaska Air Group, Inc. (ALK) stock FAQ — growth, dividends, profitability & financials explained
Alaska Air Group, Inc. (ALK) reported $15.30B in revenue over the trailing twelve months. Revenue was $14.24B in fiscal year 2025. That is 794% more than the $1.59B of fiscal year 1996.
Alaska Air Group, Inc. (ALK) grew revenue by 8.2% over the trailing twelve months, compared with the twelve months before.
No. Alaska Air Group, Inc. (ALK) reported a net loss of $395.0M over the trailing twelve months.
Alaska Air Group, Inc. (ALK) had a return on equity (ROE) of -10.5% over the trailing twelve months. A negative ROE means the company lost money over the period.
Alaska Air Group, Inc. (ALK) had negative free cash flow of $650.0M over the trailing twelve months.
