Alaska Air Group, Inc. (NYSE: ALK) reported second-quarter 2026 revenue of $4.1 billion, up 9.75% from a year ago and slightly below Wall Street’s estimate. The company posted a softer quarter on the bottom line, with a net loss of $76 million and diluted earnings per share of -$0.68.
Profitability came under pressure as gross profit fell to $498 million, operating profit slipped to a loss of $168 million, and costs climbed sharply. Cost of sales rose to $3.6 billion, while cash from operating activities declined to $185 million.
On the balance sheet, Alaska Air ended the period with $1.1 billion in cash and cash equivalents, up 41% from a year earlier. Total liabilities increased to $17.6 billion, reflecting a higher leverage backdrop as the airline navigated a more challenging earnings environment.
- Revenue: $4.1 billion
- Net loss: $76 million
- Diluted EPS: -$0.68
- Cash and cash equivalents: $1.1 billion
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Alaska Air Group, Inc. Insider Trading Activity
Alaska Air Group, Inc. insiders have traded $ALK stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $ALK stock by insiders over the last 6 months:
- SHANE R TACKETT (EVP AND CFO) has made 0 purchases and 2 sales selling 34,000 shares for an estimated $1,921,539.
- ANDREW R HARRISON (EVP AND CCO) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $1,106,249.
- KYLE B LEVINE (EVP Corp Pub Aff & Chf Leg Off) sold 2,945 shares for an estimated $176,747
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Alaska Air Group, Inc. Hedge Fund Activity
We have seen 215 institutional investors add shares of Alaska Air Group, Inc. stock to their portfolio, and 209 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 4,397,882 shares (+inf%) to their portfolio in Q1 2026, for an estimated $161,754,099
- CAPITAL WORLD INVESTORS added 3,529,999 shares (+inf%) to their portfolio in Q1 2026, for an estimated $129,833,363
- FMR LLC removed 2,937,863 shares (-45.3%) from their portfolio in Q1 2026, for an estimated $108,054,601
- CAPITAL RESEARCH GLOBAL INVESTORS removed 2,700,000 shares (-85.0%) from their portfolio in Q1 2026, for an estimated $99,306,000
- BALYASNY ASSET MANAGEMENT L.P. removed 1,787,099 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $65,729,501
- MARSHALL WACE, LLP added 1,777,970 shares (+929.8%) to their portfolio in Q1 2026, for an estimated $65,393,736
- CITADEL ADVISORS LLC removed 1,696,968 shares (-67.1%) from their portfolio in Q1 2026, for an estimated $62,414,483
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Alaska Air Group, Inc. Government Contracts
We have seen $13,779,062 of award payments to $ALK over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- TO PROVIDE HEAVYWEIGHT DELIVERY SERVICES FOR DOMESTIC & INTERNATIONAL SHIPMENTS: $1,826,318
- TO PROVIDE HEAVYWEIGHT DELIVERY SERVICES FOR DOMESTIC & INTERNATIONAL SHIPMENTS: $1,456,065
- TO PROVIDE HEAVYWEIGHT DELIVERY SERVICES FOR DOMESTIC & INTERNATIONAL SHIPMENTS: $1,315,233
- TO PROVIDE HEAVYWEIGHT DELIVERY SERVICES FOR DOMESTIC & INTERNATIONAL SHIPMENTS: $1,211,147
- TO PROVIDE HEAVYWEIGHT DELIVERY SERVICES FOR DOMESTIC & INTERNATIONAL SHIPMENTS: $887,170
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
Alaska Air Group, Inc. Price Targets
Multiple analysts have issued price targets for $ALK recently. We have seen 9 analysts offer price targets for $ALK in the last 6 months, with a median target of $62.5.
Here are some recent targets:
- Christopher Stathoulopoulos from Susquehanna set a target price of $70.0 on 07/07/2026
- Catherine O'Brien from Goldman Sachs set a target price of $69.0 on 07/02/2026
- Tom Fitzgerald from TD Cowen set a target price of $59.0 on 07/02/2026
- Michael Goldie from BMO Capital set a target price of $62.5 on 07/02/2026
- Andrew Didora from B of A Securities set a target price of $65.0 on 07/01/2026
- John Godyn from Citigroup set a target price of $47.0 on 06/26/2026
- Duane Pfennigwerth from Evercore ISI Group set a target price of $65.0 on 06/25/2026
