Alaska Air Group (ALK) Stock Overview
Through its subsidiaries, operates airlines. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
ALK Community Fair Values
Create NarrativeSee what 52 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Alaska Air Group, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.54 |
| 52 Week High | US$60.63 |
| 52 Week Low | US$33.03 |
| Beta | 1.28 |
| 1 Month Change | 0.32% |
| 3 Month Change | -16.93% |
| 1 Year Change | -29.19% |
| 3 Year Change | 8.11% |
| 5 Year Change | -33.31% |
| Change since IPO | 1,729.98% |
Recent News & Updates
Narrative Update • Sep 09
ALK: Merger Synergies And International Expansion Will Drive Future Upside
Analysts have trimmed the Alaska Air Group fair value estimate to about $59.59 from roughly $62.91. The revision reflects updated views on fuel driven earnings pressure, slightly softer profit margin assumptions, and a modestly higher future P/E multiple, despite still supportive demand commentary in recent price target revisions across the Street.
Narrative Update • Aug 26
ALK: Higher Fuel Costs Will Pressure Earnings Despite International Expansion Plans
Alaska Air Group's updated analyst price target has edged lower, with fair value moving from about $40.12 to $37.00, as analysts factor in higher fuel costs that pressure near term earnings. They still point to resilient demand and earnings recovery potential supported by the company's West Coast and Hawaii exposure and its Alaska Accelerate initiatives.Narrative Update • Aug 12
ALK: Softer Revenue Trajectory Versus Peers Will Drive Bearish Repricing
The analyst fair value estimate for Alaska Air Group has been revised from $47.00 to about $40.12, as analysts balance softer revenue growth assumptions with a slightly higher discount rate and improved profit margin expectations, informed by a mix of recent price target cuts and increases across the Street. Analyst Commentary on Alaska Air Group Street research on Alaska Air Group over the past several quarters shows a split view.Recent updates
Narrative Update • Sep 09
ALK: Merger Synergies And International Expansion Will Drive Future Upside
Analysts have trimmed the Alaska Air Group fair value estimate to about $59.59 from roughly $62.91. The revision reflects updated views on fuel driven earnings pressure, slightly softer profit margin assumptions, and a modestly higher future P/E multiple, despite still supportive demand commentary in recent price target revisions across the Street.Narrative Update • Aug 26
ALK: Higher Fuel Costs Will Pressure Earnings Despite International Expansion Plans
Alaska Air Group's updated analyst price target has edged lower, with fair value moving from about $40.12 to $37.00, as analysts factor in higher fuel costs that pressure near term earnings. They still point to resilient demand and earnings recovery potential supported by the company's West Coast and Hawaii exposure and its Alaska Accelerate initiatives.Narrative Update • Aug 12
ALK: Softer Revenue Trajectory Versus Peers Will Drive Bearish Repricing
The analyst fair value estimate for Alaska Air Group has been revised from $47.00 to about $40.12, as analysts balance softer revenue growth assumptions with a slightly higher discount rate and improved profit margin expectations, informed by a mix of recent price target cuts and increases across the Street. Analyst Commentary on Alaska Air Group Street research on Alaska Air Group over the past several quarters shows a split view.Narrative Update • Jul 29
ALK: Fuel Cost Relief And Pricing Power Will Support Future Upside
Analysts have trimmed the Alaska Air Group fair value estimate by about $2 to $62.91. This reflects recent cuts to Street price targets that cite slightly softer revenue expectations, a higher discount rate, and contrasting views on demand and fuel benefits across recent research updates.Seeking Alpha • Jul 22
The War Against Iran Is Hitting Alaska Air Group Hard
Summary Alaska Air Group, Inc. posted Q2 2026 results with revenue up to $4.07B, but bottom line losses worsened due to surging fuel costs from the Iran war. Despite cost-cutting successes and structural improvements, ALK's profitability deteriorated, with net losses of $76M and adjusted EBITDAR falling to $1.04B. Fuel costs soared to 32.1% of revenue ($4.43/gallon), overwhelming gains from premium, cargo, and loyalty revenues; Q3 guidance remains pressured by high fuel prices. I maintain a speculative Hold rating on ALK, citing elevated leverage, deteriorating net income, and war-driven macro risk, but see long-term upside if conditions stabilize. Read the full article on Seeking AlphaNarrative Update • Jul 15
ALK: Earnings And Pricing Power Will Support Future Upside
The analyst price target for Alaska Air Group has risen from $57.50 to about $65.34 as analysts factor in stronger revenue trends, lower fuel prices, firm pricing and expectations that upcoming earnings updates could act as a positive catalyst. Analyst Commentary Recent Street research on Alaska Air Group points to a split view, with several bullish analysts lifting price targets on the back of stronger revenue trends and lower fuel costs, while more cautious voices focus on how much of this optimism may already be reflected in the stock.Narrative Update • Jul 01
ALK: Fuel And Demand Execution Risks Will Drive Bearish Repricing
The analyst fair value estimate for Alaska Air Group has increased from $41.00 to $47.00. This change reflects a higher blended price target as analysts factor in sector-wide expectations for stronger Q2 results and guidance, which have recently led to multiple target increases across the stock.Narrative Update • Jun 17
ALK: International Expansion And Hawaiian Integration Will Support Future Upside
Analysts have adjusted the fair value estimate for Alaska Air Group stock from $65.47 to $57.50, reflecting mixed research views. Some recent price target increases and cuts are tied to updated expectations for EPS potential, revenue growth and profit margins.
Narrative Update • Jun 02
ALK: International Expansion And Loyalty Integration Will Support Future Earnings Power
Analysts made a modest trim to the price target for Alaska Air Group, with fair value now set at about $84.48 from roughly $84.53. This reflects updated views on discount rates, revenue growth, profit margins, and future P/E assumptions, alongside recent Street research that includes both target cuts and raises across firms such as UBS, BMO Capital, Citi, TD Cowen, Susquehanna, Evercore ISI, and Goldman Sachs.Narrative Update • May 05
ALK: Fuel And Demand Resilience Will Support Margins And Fair Value Upside
Analysts trimmed the fair value estimate for Alaska Air Group by about $2.46 per share to $84.53. This reflects a series of mixed price target revisions, including several cuts tied to fuel cost concerns and more cautious assumptions for revenue growth, partially offset by improved profit margin expectations and a lower assumed future P/E multiple.Narrative Update • Apr 21
ALK: Fuel Cost Uncertainty And 2025 Demand Outlook Will Shape Repricing
Analysts have lowered the Alaska Air Group fair value estimate by $1.50 to $41.00 as they recalibrate price targets in response to updated fuel cost assumptions, slightly softer margin expectations, and refreshed P/E inputs across recent research. Analyst Commentary Recent Street research around Alaska Air Group reflects a mixed backdrop, with several Bearish analysts trimming price targets and reassessing their assumptions on fuel, margins, and earnings power.Narrative Update • Apr 07
ALK: Late 2025 Demand And Fuel Risk Reset Will Drive Repricing
Analysts have reset the fair value estimate for Alaska Air Group to $42.50 from $60.00 after updating assumptions around discount rates, revenue growth, margins, and future P/E multiples following a series of price target revisions across the Street. Analyst Commentary Recent Street research paints a mixed picture for Alaska Air Group, with several firms revisiting their price targets and assumptions.Narrative Update • Mar 23
ALK: Late 2025 Demand Momentum And Capacity Discipline Will Support Upside
The analyst price target for Alaska Air Group has been adjusted slightly higher, reflecting a fair value estimate change from $86.64 to $86.98, as analysts update their views on revenue growth, margins, and future P/E assumptions following mixed but generally constructive recent research commentary on the airline sector. Analyst Commentary Recent Street research on Alaska Air Group reflects a mix of price target increases and reductions, with bullish analysts still highlighting potential upside tied to execution, demand trends, and the balance between costs and pricing.Narrative Update • Mar 09
ALK: Late 2025 Demand Momentum And 2026 Guidance Will Support Upside
Analysts have trimmed their price target on Alaska Air Group by $9 to $54, reflecting higher assumed fuel costs and more cautious expectations for margin expansion, even as some research points to supportive demand and a relatively constructive setup into 2026. Analyst Commentary Recent Street research around Alaska Air Group reflects a mix of caution on costs and optimism on demand, with price targets moving in both directions as firms refresh their models for fuel and 2026 guidance.Narrative Update • Feb 23
ALK: Late 2025 Demand Momentum And 2026 Guidance Will Drive Upside
Narrative Update The analyst price target for Alaska Air Group has been revised higher by about $5.60, with analysts pointing to updated assumptions around demand trends, margin expectations, and a higher forward P/E multiple supported by recent Street research. Analyst Commentary Recent Street research on Alaska Air Group has leaned positive, with several bullish analysts lifting their price targets into the high US$60s to US$70 range.Narrative Update • Feb 08
ALK: Late 2025 Demand And Q4 Guidance Will Shape Balanced Outlook
Analysts have modestly raised their blended price targets on Alaska Air Group into the high US$60s, reflecting updated assumptions for slightly higher revenue and profit margins. These revisions are supported by improving demand expectations and an outlook that Q4 earnings and 2026 guidance could reset expectations versus current consensus.Narrative Update • Jan 25
ALK: Late 2025 Demand And Route Expansion Will Shape Bullish Outlook
Analysts have raised their price target on Alaska Air Group to US$60 from about US$51.37, citing expectations for stronger demand in late 2025, a constructive airline setup into 2026, and more supportive assumptions on revenue growth and future P/E, even with more conservative profit margin inputs. Analyst Commentary Recent research on Alaska Air Group has clustered around higher price targets in the US$65 to US$70 range, with several firms updating their views as part of Q4 earnings previews and broader airline sector outlooks.Narrative Update • Jan 11
ALK: Multi Year Route Expansion And Fuel Costs Will Shape Outlook
The Analyst Price Target for Alaska Air Group has been revised from US$49.00 to about US$51.37, as analysts point to recent target hikes and a more constructive multi year outlook supported by expectations around brand loyalty, diverse revenue streams, and updated earnings estimates into 2026. Analyst Commentary Recent research on Alaska Air Group has centered on updated price targets and fresh earnings previews through 2026.Narrative Update • Dec 17
ALK: Technology Driven Merchandising Will Support Future Upside Despite Fuel Headwinds
Analysts have nudged their average price target on Alaska Air Group slightly lower to approximately $65.47 from about $65.71, reflecting modestly improved long term revenue growth and margin assumptions, offset by a lower valuation multiple and discount rate. Analyst Commentary Recent research updates on Alaska Air Group highlight a mixed but generally constructive outlook, with price target changes reflecting shifting views on earnings power, fuel cost exposure, and the broader airline demand backdrop.Narrative Update • Dec 03
ALK: Premium Seats And Loyalty Expansion Will Drive Future Upside Potential
Analysts have modestly lifted their consolidated price target for Alaska Air Group to about $65. The move reflects updated estimates following recent quarterly results, shifting fuel cost assumptions, and growing conviction in the carrier's long term earnings power amid strengthening corporate demand and loyalty driven initiatives.Narrative Update • Nov 19
ALK: Premium Seat Expansion And Loyalty Program Growth Will Drive Future Strength
Alaska Air Group's analyst price target was revised slightly downward, from $67 to approximately $66.79, as analysts weighed recent earnings results, evolving sector dynamics, and the impact of higher costs on updated forecasts. Analyst Commentary Bullish Takeaways Bullish analysts highlighted Alaska Air's potential for earnings growth.Narrative Update • Nov 01
ALK: Premium Seat Expansion And International Routes Will Drive Future Upside
Analysts have reduced their fair value estimate for Alaska Air Group from $68.93 to $67.00. This reflects a cautious outlook, as recent Street research points to higher fuel costs, more challenging earnings forecasts, and ongoing industry headwinds, balanced by select optimism regarding corporate demand and strategic initiatives.Narrative Update • Oct 18
Seattle Expansion And Hawaiian Integration Will Create Lasting Value
The analyst price target for Alaska Air Group was revised slightly downward by $1 to $68.93, as analysts cited factors such as higher jet fuel costs and recent earnings guidance for the adjustment. Analyst Commentary Recent analyst commentary has reflected both optimism and caution regarding Alaska Air Group’s prospects, based on evolving market dynamics, company-specific developments, and updated earnings guidance.Narrative Update • Oct 04
Seattle Expansion And Hawaiian Integration Will Create Lasting Value
Analysts have slightly reduced their price target for Alaska Air Group, now projecting fair value at approximately $69.93 per share compared to the previous estimate of $71.36. They cite updated forecasts that balance ongoing cost headwinds with optimism for long-term growth and competitive positioning.Narrative Update • Sep 18
Seattle Expansion And Hawaiian Integration Will Create Lasting Value
Analysts have raised their price target for Alaska Air Group to $71.36, citing strengthening corporate demand, competitive easing, and long-term earnings tailwinds that outweigh near-term cost headwinds. Analyst Commentary Bullish analysts cite accelerating corporate demand and easing competitive pressures as key drivers of improved outlook and de-risked near-term performance.Narrative Update • Sep 03
Seattle Expansion And Hawaiian Integration Will Create Lasting Value
Analysts have raised Alaska Air Group’s price target modestly—from $65.21 to $66.29—citing improving demand, a favorable competitive environment, and increased confidence in management’s disciplined handling of strategic changes. Analyst Commentary Bullish analysts cite improving demand trends and favorable competitive capacity developments, boosting confidence in Alaska Air’s forward earnings outlook.Seeking Alpha • Apr 24
Alaska Air Group: Shares Plunge Due To Economic Uncertainty
Summary Alaska Air Group's Q1 2025 revenue surged 40.5% due to the Hawaiian Holdings merger, but earnings per share fell short of expectations, causing an 8.1% after-hours stock drop. Despite revenue growth, profitability worsened due to increased operating costs and integration expenses, leading to a larger loss per share compared to the previous year. Management withdrew 2025 guidance due to economic uncertainties but remains optimistic about achieving $400 million in cost synergies from the merger. Given economic concerns and integration challenges, I recommend maintaining a 'hold' rating on Alaska Air Group despite its relatively low valuation. Read the full article on Seeking AlphaSeeking Alpha • Mar 11
Alaska Air Group: A High-Flying Bargain
Summary Despite pandemic lows, Alaska Air rebounded strongly, demonstrating resilience and operational excellence, with stock prices recovering and showing no signs of slowing down. Q4 2024 results highlight significant revenue growth, profitability rebound, and effective cost management, positioning Alaska Air as one of the best-run carriers in the industry. Valuation metrics indicate Alaska Air stock is undervalued compared to the broader sector, presenting an attractive opportunity for value investors with potential for substantial upside. Read the full article on Seeking AlphaSeeking Alpha • Jan 28
Alaska Airlines: Solid Q4 But A Hold For Now
Summary Alaska Air Group posted strong Q4 results, with revenue up 38.4% YoY and EPS beating expectations, despite higher operating expenses and debt from Hawaiian Airlines acquisition. The Hawaiian Airlines purchase offers growth opportunities but presents integration challenges and potential cost concerns, including fleet upgrades and competitive international markets. Alaska Air Group trades in-line with peers; recent share price surge makes it less appealing compared to alternatives like United Airlines. Despite a positive industry outlook, integration challenges and no discount to peers lead to a "hold" rating for Alaska Air Group. Read the full article on Seeking Alpha
New Narrative • Jan 26
Acquisition Of Hawaiian Airlines Will Unlock Significant Synergies And Expand Global Reach
Integration with Hawaiian Airlines and network expansion are key strategies to boost revenue and earnings growth through synergies and international market reach.Seeking Alpha • Jan 17
Alaska Airlines Maps A Stronger Future
Summary Alaska Airlines' merger with Hawaiian Airlines completed in September 2024 and aims to enhance connectivity and optimize operations with a near term initial negative impacts on earnings. Alaska's 2025 strategy includes expanding international routes using Hawaiian's widebody aircraft, focusing on Seattle to Asia routes, and improving revenue management systems. The company builds on its earlier plans to minimize its earnings seasonality and reduce its fuel costs. With strong historical performance and strategic initiatives, ALK is likely to meet or exceed 2024 Q4 guidance and achieve robust earnings in 2025. Read the full article on Seeking AlphaShareholder Returns
| ALK | US Airlines | US Market | |
|---|---|---|---|
| 7D | -1.5% | 0.09% | -0.2% |
| 1Y | -29.2% | 5.0% | 12.1% |
Return vs Industry: ALK underperformed the US Airlines industry which returned 4.8% over the past year.
Return vs Market: ALK underperformed the US Market which returned 11.9% over the past year.
Price Volatility
| ALK volatility | |
|---|---|
| ALK Average Weekly Movement | 6.1% |
| Airlines Industry Average Movement | 6.1% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in US Market | 15.1% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: ALK has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ALK's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1932 | 31,596 | Ben Minicucci | www.alaskaair.com |
Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Alaska Airlines, Hawaiian Airlines, and Regional. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo; and Horizon's and other third-party carriers scheduled air transportation services.
Alaska Air Group, Inc. Fundamentals Summary
| ALK fundamental statistics | |
|---|---|
| Market cap | US$4.52b |
| Earnings (TTM) | -US$175.00m |
| Revenue (TTM) | US$14.76b |
0.3x
P/S Ratio-25.9x
P/E RatioIs ALK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ALK income statement (TTM) | |
|---|---|
| Revenue | US$14.76b |
| Cost of Revenue | US$12.15b |
| Gross Profit | US$2.62b |
| Other Expenses | US$2.79b |
| Earnings | -US$175.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.57 |
| Gross Margin | 17.71% |
| Net Profit Margin | -1.19% |
| Debt/Equity Ratio | 164.8% |
How did ALK perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/20 17:24 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Alaska Air Group, Inc. is covered by 27 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Garrett Chase | Barclays |
| Brandon Oglenski | Barclays |
| David Fintzen | Barclays |