Alaska Air Group (ALK) Releases Q4 2025 Earnings: Modest Revenue Growth, EPS Beats but Profitability Slumps

Alaska Air Group (ALK) reported results for the fourth quarter of 2025. Total revenue was $3.63 billion, up 2.77% year-over-year and slightly below the revenue estimate of $3.68 billion. Diluted earnings per share were 0.18, down 67.86% year-over-year but above the EPS estimate of 0.1229.

Gross profit: $702 million (down 72.15% year-over-year).

Operating profit: $75 million (up 2.74% year-over-year).

Net income attributable to common shareholders: $21 million (down 70.42% year-over-year).

Cost of sales: $2.93 billion (up 189.24% year-over-year).

Balance sheet and cash flow highlights:

Cash from operating activities: $185 million (down 32.48% year-over-year).

Capital expenditures (purchases of property, plant and equipment): $625 million (up 45.69% year-over-year).

Cash and cash equivalents: $655 million (down 45.46% year-over-year).

Total liabilities: $16.24 billion (up 5.5% year-over-year).

In short, Alaska Air Group's Q4 2025 showed modest revenue growth but steep declines in profitability and cash on hand; EPS outperformed the estimate while revenue came in slightly below expectations.

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 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $ALK stock by insiders over the last 6 months:

ANDREW R HARRISON (EVP AND CCO) sold 7,600 shares for an estimated $404,500
KYLE B LEVINE (SVP LEGAL & GEN COUNSEL) sold 5,914 shares for an estimated $341,533
SHANE R TACKETT (EVP AND CFO) sold 5,000 shares for an estimated $285,315

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Alaska Air Group Inc. Hedge Fund Activity

We have seen 209 institutional investors add shares of Alaska Air Group Inc. stock to their portfolio, and 253 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 5,903,367 shares (+107.6%) to their portfolio in Q3 2025, for an estimated $293,869,609
CITADEL ADVISORS LLC added 2,740,319 shares (+548.9%) to their portfolio in Q3 2025, for an estimated $136,413,079
BLACKROCK, INC. removed 2,621,586 shares (-20.3%) from their portfolio in Q3 2025, for an estimated $130,502,551
NOMURA HOLDINGS INC removed 1,623,134 shares (-93.7%) from their portfolio in Q3 2025, for an estimated $80,799,610
QUBE RESEARCH & TECHNOLOGIES LTD removed 1,285,123 shares (-49.2%) from their portfolio in Q3 2025, for an estimated $63,973,422
HENNESSY ADVISORS INC removed 1,044,800 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $52,010,144
BNP PARIBAS FINANCIAL MARKETS added 1,026,710 shares (+1563.7%) to their portfolio in Q3 2025, for an estimated $51,109,623

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Alaska Air Group Inc. Government Contracts

We have seen $11,904,148 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.

Alaska Air Group Inc. Congressional Stock Trading

Members of Congress have traded $ALK stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $ALK stock by members of Congress over the last 6 months:

REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 10/22.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Alaska Air Group Inc. Analyst Ratings

Wall Street analysts have issued reports on $ALK in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

TD Cowen issued a "Buy" rating on 11/03/2025
UBS issued a "Buy" rating on 10/27/2025
Raymond James issued a "Outperform" rating on 10/27/2025
Susquehanna issued a "Positive" rating on 10/03/2025
Evercore ISI Group issued a "Outperform" rating on 09/16/2025

To track analyst ratings and price targets for Alaska Air Group Inc., check out Quiver Quantitative's $ALK forecast page.

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 $70.0.

Here are some recent targets:

Brandon Oglenski from Barclays set a target price of $70.0 on 01/12/2026
Christopher Stathoulopoulos from Susquehanna set a target price of $70.0 on 01/09/2026
John Godyn from Citigroup set a target price of $69.0 on 01/07/2026
Andrew Didora from B of A Securities set a target price of $70.0 on 01/06/2026
Atul Maheswari from UBS set a target price of $77.0 on 12/12/2025
Tom Fitzgerald from TD Cowen set a target price of $65.0 on 11/03/2025
Savanthi Syth from Raymond James set a target price of $65.0 on 10/27/2025