Alaska Air Group (ALK) Stock Falls on Q1 2026 Earnings

Alaska Air Group (ALK) reported first-quarter 2026 revenue of $3.3 billion, up 5.2% year over year and slightly below the consensus revenue estimate of $3.34 billion.

Gross profit of $362 million, down 83.16% year over year.

Operating loss of $279 million, improved 41.62% year over year.

Net loss attributable to common shareholders of $193 million, improved 16.27% year over year.

Diluted loss per share of -$1.69, a 25.19% improvement versus the prior year but below the EPS estimate of -$1.36.

Cost of sales rose sharply to $2.9 billion, an increase of 197.67% year over year, reflecting materially higher operating expenses for the quarter.

Cash from operating activities of $421 million, down 8.28% year over year.

Cash used for purchases of property, plant and equipment of $338 million, up 42.02% year over year.

Cash and cash equivalents of $478 million, down 54.21% year over year.

Total liabilities of $16.6 billion, up 5.65% year over year.

Shares moved about -2.58% since market close. The quarter shows revenue growth alongside widening cost pressures and a still-negative profitability profile for Alaska Air Group (ALK).

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.

Alaska Air Group Inc. Hedge Fund Activity

We have seen 210 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 removed 4,901,342 shares (-43.0%) from their portfolio in Q4 2025, for an estimated $246,537,502
D1 CAPITAL PARTNERS L.P. removed 2,338,340 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $117,618,502
CAPITAL RESEARCH GLOBAL INVESTORS added 1,475,350 shares (+86.8%) to their portfolio in Q4 2025, for an estimated $74,210,105
CAUSEWAY CAPITAL MANAGEMENT LLC added 1,434,517 shares (+inf%) to their portfolio in Q4 2025, for an estimated $72,156,205
AMERIPRISE FINANCIAL INC added 1,428,489 shares (+301.9%) to their portfolio in Q4 2025, for an estimated $71,852,996
QUBE RESEARCH & TECHNOLOGIES LTD removed 1,271,287 shares (-95.8%) from their portfolio in Q4 2025, for an estimated $63,945,736
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 1,229,647 shares (+19661.8%) to their portfolio in Q4 2025, for an estimated $61,851,244

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

Alaska Air Group Inc. Government Contracts

We have seen $12,228,548 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 3 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

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 11 analysts offer price targets for $ALK in the last 6 months, with a median target of $61.0.

Here are some recent targets:

Duane Pfennigwerth from Evercore ISI Group set a target price of $60.0 on 04/17/2026
Atul Maheswari from UBS set a target price of $54.0 on 04/15/2026
Catherine O'Brien from Goldman Sachs set a target price of $61.0 on 04/01/2026
Michael Goldie from BMO Capital set a target price of $50.0 on 03/24/2026
Stephen Trent from Citigroup set a target price of $51.0 on 03/20/2026
Tom Fitzgerald from TD Cowen set a target price of $54.0 on 03/09/2026
Brandon Oglenski from Barclays set a target price of $70.0 on 01/12/2026