Why Alaska Air Group (ALK) Stock Is Down Today

Alaska Air Group (ALK) is down 4.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The sell-off appears tied to a weak third-quarter profit outlook after the company posted a second-quarter loss and highlighted a major fuel-cost shock. Investors also seem to be reacting to the combination of elevated fuel expense, a small revenue miss, and continued pressure in Hawaii demand trends.

Details:

Alaska Air Group reported a second-quarter GAAP net loss of $76 million, or $0.68 per share, and an adjusted net loss of $102 million, or $0.92 per share.

Total revenue rose 10% year over year to about $4.1 billion, but the quarter was hit by an 85% jump in economic fuel cost to $4.43 per gallon, which added roughly $600 million of incremental fuel expense.

The company said historic rainstorms in Hawaii disrupted spring break travel and reduced system unit revenue by about 3 points in the quarter, a somewhat larger drag than originally expected.

The biggest apparent catalyst for the stock move is forward guidance: third-quarter adjusted earnings are expected in a range of $0 to $1 per share, which is below market expectations even though management expects unit revenue growth and some easing in fuel costs.

Sources:

Alaska Airlines, SEC, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ALK Insider Trading Activity

$ALK 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.

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$ALK Hedge Fund Activity

We have seen 218 institutional investors add shares of $ALK 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.

$ALK 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.

$ALK 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

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.