Alaska Air Group (NYSE:ALK) Rating Lowered to “Strong Sell” at Wall Street Zen

Alaska Air Group (NYSE:ALK) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday.

ALK has been the subject of a number of other research reports. Bank of America boosted their price target on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and set a $69.00 price objective (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Susquehanna upped their price objective on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. TD Cowen reiterated a “buy” rating and issued a $59.00 target price (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.12.

Alaska Air Group Stock Performance

ALK opened at $45.53 on Monday. The business’s 50 day moving average is $46.10 and its 200-day moving average is $45.94. The stock has a market cap of $5.07 billion, a PE ratio of 85.91 and a beta of 1.28. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $1.42 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts predict that Alaska Air Group will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in Alaska Air Group by 86.8% during the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after buying an additional 1,475,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Alaska Air Group by 19,661.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock valued at $62,166,000 after acquiring an additional 1,229,647 shares during the period. Jain Global LLC acquired a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $53,683,000. BNP Paribas Financial Markets lifted its position in shares of Alaska Air Group by 1,563.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock valued at $54,378,000 after acquiring an additional 1,026,710 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $48,583,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group News Summary

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Alaska Air reported Q2 EPS of -$0.92, which was better than the consensus estimate of -$0.97, showing earnings came in slightly ahead of expectations. Alaska Air Group (ALK) Reports Q2 Loss, Lags Revenue Estimates
• Positive Sentiment: Revenue rose 9.7% year over year to about $4.07 billion, and the company highlighted operational progress, including better on-time performance and integration milestones with Hawaiian Airlines. Alaska Air Group reports second quarter 2026 results
• Neutral Sentiment: Management said it expects double-digit year-over-year RASM growth in Q3, which suggests revenue trends may improve even as profitability remains under pressure. Alaska Air Group reports second quarter 2026 results
• Negative Sentiment: The biggest drag is the Q3 EPS guidance of $0.00 to $1.00, which is well below the $1.22 analyst consensus and appears to be the main reason the stock is falling. Alaska Air Group guidance update
• Negative Sentiment: Results were also hurt by a sharp fuel cost spike, with reports saying fuel costs rose dramatically and contributed to a second-quarter loss of about $76 million. Alaska Air Swings to Second-Quarter Loss on Fuel Costs, Expects Third-Quarter Recovery

Alaska Air Group Company Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.