Alaska Air Group
Operates Alaska and Hawaiian airline brands across a West Coast–Pacific network.
Something off on this page? Send us feedback.
Profile
Sells scheduled passenger and cargo travel through Alaska and Hawaiian brands, supported by regional flying, loyalty partnerships, and ground services. Its West Coast and Hawai‘i network operates under a single FAA certificate while retaining separate consumer brands.
Operates Alaska Airlines and Hawaiian Airlines as separate customer brands under one FAA operating certificate, with Horizon Air providing regional service and McGee Air Services handling ground operations. The network is concentrated in Alaska, the Pacific Northwest, California, and Hawai‘i, while extending from Seattle across North America, Latin America, Asia, and the Pacific.
Earns most revenue from passenger travel, supplemented by cargo, loyalty-program economics, lounges, onboard sales, and ground handling. Atmos Rewards links the airline brands with Bank of America credit cards, oneworld, and other airline partners; regional flying is supplied by Horizon and SkyWest under capacity-purchase agreements.
Depends on safe FAA-certified operations, aircraft and engine availability, fuel supply, labor agreements, airport infrastructure, partner redemption inventory, and the shared systems and work rules integrating the Alaska and Hawaiian operations.
Company facts
Categories
Key statistics
Year to date −17.9% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Raymond James | Reiterate | Outperform | $71 | $52 | |
| Aug 24, 2026 | Cantor Fitzgerald | Target | $54 | $46 | ||
| Jul 22, 2026 | Barclays | Reiterate | Overweight | $70 | $65 | |
| Jul 2, 2026 | Goldman Sachs | Reiterate | Buy | $70 | $69 | |
| Jun 23, 2026 | UBS | Reiterate | Buy | $56 | $62 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | −$0.99 | −$0.92 | +7.3% | $4.09B | $4.07B | −0.7% | −2.42% |
| Apr 20, 2026Q1 FY26 | −$1.61 | −$1.68 | −4.3% | $3.29B | $3.30B | +0.2% | −4.80% |
| Jan 22, 2026Q4 FY25 | $0.11 | $0.43 | +290.9% | $3.64B | $3.63B | −0.3% | +4.11% |
| Oct 23, 2025Q3 FY25 | $1.09 | $1.05 | −3.7% | $3.76B | $3.77B | +0.2% | −6.13% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.14B | $3.70B | $3.77B | $3.63B | $3.30B | $4.07B | |
| Gross profit | $510.0M | $946.0M | $3.62B | $3.42B | $3.30B | $3.63B | |
| Operating income | −$197.0M | $277.0M | $148.0M | $75.0M | −$279.0M | −$168.0M | |
| Net income | −$166.0M | $172.0M | $73.0M | $21.0M | −$193.0M | −$76.0M | |
| Diluted EPS | −$1.35 | $1.42 | $0.62 | $0.18 | −$1.69 | −$0.70 | |
| Gross margin | 16.3% | 25.5% | 96.0% | 94.3% | 100.0% | 89.3% | |
| Operating margin | -6.3% | 7.5% | 3.9% | 2.1% | -8.5% | -4.1% |
Fiscal years (4-quarter sums)FY21 $6.18B · FY22 $9.65B · FY23 $10.43B · FY24 $11.74B · FY25 $14.24B
Revenue by product · Q4 FY25
Revenue by geography · Q4 FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $2.70B · Total debt $7.62B · Total assets $21.25B · Shareholders' equity $3.67B
Dividends
No dividends on record.
Ownership
Shares outstanding 111.43M · Float 110.82M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 11.62M | 10.42% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 6.49M | 5.82% | 13F | Aug 11, 2026 |
| American Century Companies Inc | 5.33M | 4.78% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 4.97M | 4.46% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.96M | 4.45% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Benito Minicucci | director, officer: CEO AND PRESIDENT | +25,000 | $40.06 |
| Aug 3, 2026 | Andrew R. Harrison | officer: EVP AND CCO | −5,300 | $49.67 |
| Feb 18, 2026 | Shane R. Tackett | officer: EVP AND CFO | −24,000 | $57.15 |
| Feb 18, 2026 | Andrew R. Harrison | officer: EVP AND CCO | −5,500 | $56.63 |
| Feb 13, 2026 | Andrew R. Harrison | officer: EVP AND CCO | −14,500 | $54.81 |
Peers
- Delta Air Lines
Dominant Seattle network rival with broad domestic and Pacific overlap.
- Southwest Airlines
Low-fare challenger on Hawai‘i and short-haul West Coast routes.
- United Airlines
Network-carrier rival on Hawai‘i, West Coast, and long-haul travel.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alaska Air Group | $42.63 | +0.73% | $4.72B | — | 20.7 | 0.3 | +9.8% |
| Delta Air Lines | $80.10 | +0.05% | $52.66B | 13.3 | 9.8 | 0.8 | +18.7% |
| Southwest Airlines | $39.88 | +0.62% | $19.39B | 24.3 | 9.5 | 0.6 | +16.4% |
| United Airlines | $110.89 | +0.29% | $35.90B | 10.3 | 8.4 | 0.6 | +16.0% |
| Median | 13.3 | 9.5 | 0.6 | +16.4% |