Alaska Air Group, Inc.
- Open
- 47.45
- Day high
- 48.25
- Day low
- 47.27
- Prev close
- 46.13
- Volume
- 396K
- Mkt cap
- $5.3B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.4
- P/S
- 0.4
- Yield
- —
- Per share
- —
Alaska Air Group, Inc. (ALK) is a Industrials company listed on NYSE. The stock is down 11% over the past year. Drillr has 2 published research articles covering ALK.
Alaska Air Group, Inc. (ALK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ALK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 22, 2026 | $-0.99 | $-0.92 | +7.3% | $4.1B | -0.7% |
| May 15, 2026 | $-1.61 | $-1.68 | -4.3% | $3.3B | +0.2% |
| Jan 22, 2026 | $0.11 | $0.43 | +290.9% | $3.6B | -0.3% |
| Oct 23, 2025 | $1.09 | $1.05 | -3.7% | $3.8B | +0.2% |
| Jul 23, 2025 | $1.56 | $1.78 | +14.1% | $3.7B | -1.3% |
| Apr 23, 2025 | $-0.77 | $-0.77 | -0.0% | $3.1B | -0.9% |
| Jan 22, 2025 | $0.45 | $0.97 | +115.6% | $3.5B | +11.8% |
| Oct 31, 2024 | $2.17 | $2.25 | +3.7% | $3.1B | +2.2% |
| Jul 17, 2024 | $2.36 | $2.55 | +8.1% | $2.9B | -1.5% |
| Apr 18, 2024 | $-1.05 | $-0.92 | +12.4% | $2.2B | +2.5% |
| Jan 25, 2024 | $0.18 | $0.30 | +66.7% | $2.6B | +0.3% |
| Oct 19, 2023 | $1.88 | $1.83 | -2.7% | $2.8B | +9.9% |
ALK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | TACKETT SHANE Rofficer: Pres. of Ops Sub & CFO | Grant | 4,100 | — |
| May 14, 2026 | Conner Raymond L.director | Grant | 5,186 | $38.56 |
| May 14, 2026 | YEAMAN ERIC Kdirector | Grant | 5,186 | $38.56 |
| May 14, 2026 | SANDVIK HELVI KAYdirector | Grant | 5,186 | $38.56 |
| May 14, 2026 | Hogan Kathleen Tdirector | Grant | 5,186 | $38.56 |
| May 14, 2026 | ELWELL DANIEL KEVINdirector | Grant | 2,593 | $38.56 |
| May 14, 2026 | Bedient Patricia Mdirector | Grant | 6,483 | $38.56 |
| May 14, 2026 | LOFTON ADRIENNE ROCHELLEdirector | Grant | 5,186 | $38.56 |
| May 14, 2026 | BEER JAMES Adirector | Grant | 5,186 | $38.56 |
| May 14, 2026 | Shimer Peter Adirector | Grant | 5,186 | $38.56 |
| Apr 2, 2026 | McIntyre Lindsay-Raeofficer: EVP & Chief People Officer | Grant | 44,900 | — |
| Apr 2, 2026 | McIntyre Lindsay-Raeofficer: EVP & Chief People Officer | Grant | 17,960 | — |
| Mar 23, 2026 | Berry Jason Mofficer: EVP & Chief Operating Officer | Tax | 279 | $36.91 |
| Mar 23, 2026 | Berry Jason Mofficer: EVP & Chief Operating Officer | Option | 697 | — |
| Feb 20, 2026 | TACKETT SHANE Rofficer: EVP AND CFO | Sell | 24,000 | $57.15 |
Source: ALK SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full ALK insider & 13F page →ALK research & analysis
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Alaska Air Group, Inc. company profile
Overview
Alaska Air Group, Inc. (NYSE:ALK) is a major American airline holding company founded in 1932 and headquartered in Seattle, Washington. The company went public in 1980 and has grown to become the fifth-largest airline in the United States by passenger traffic. Alaska Air Group operates primarily through its flagship Alaska Airlines brand and completed a significant strategic acquisition of Hawaiian Airlines in September 2024, expanding its presence in the Pacific market and creating a comprehensive West Coast and Pacific network.
Business
Alaska Air Group operates in the commercial aviation industry, providing passenger and cargo air transportation services across North America and the Pacific. The airline industry serves as a critical transportation infrastructure, connecting cities and regions through scheduled flight services using commercial aircraft. The company operates through three main business segments: 1. Mainline Operations (approximately 85-90% of revenue): This represents Alaska Airlines' core passenger service using mainline aircraft, primarily Boeing 737s. The mainline fleet serves major routes across the western United States, connecting cities from California to Alaska, and extending to destinations throughout North America. This segment includes both economy and premium cabin services. 2. Regional Operations (approximately 5-10% of revenue): Operating under the Alaska Airlines brand, this segment uses smaller regional aircraft to serve smaller markets and provide connectivity to the mainline network. Regional flights typically serve routes with lower passenger demand or connect smaller cities to major hubs. 3. Horizon Operations (approximately 5% of revenue): This subsidiary operates regional flights under the Alaska Airlines brand using turboprop and regional jet aircraft. Horizon Air provides essential connectivity to smaller Pacific Northwest communities and feeds passengers into Alaska's mainline network. Following the Hawaiian Airlines acquisition in 2024, the company now also operates extensive inter-island services within Hawaii and transpacific routes connecting Hawaii to the mainland United States and Asia. Alaska Air Group serves approximately 120 destinations across its network, with major hubs in Seattle, Portland, Los Angeles, San Francisco, and Anchorage, plus Hawaiian Airlines' hub in Honolulu.
Competitive moat
Alaska Air Group possesses a moderate competitive moat built primarily around its strategic geographic positioning and operational excellence, though the airline industry is inherently competitive with relatively low barriers to entry for well-capitalized competitors. The company's strongest moat element is its dominant position in the Pacific Northwest and Alaska markets, where it holds significant market share and slot-controlled airport access. Seattle-Tacoma International Airport serves as Alaska's primary hub, and the airline has built a comprehensive network that would be difficult for competitors to replicate without substantial investment. The recent Hawaiian Airlines acquisition strengthens this geographic moat by creating a unique West Coast-to-Pacific network that competitors cannot easily match. Alaska Air Group has also built a strong operational reputation for reliability and customer service, consistently ranking among the top U.S. airlines for on-time performance and lowest customer complaints. This operational excellence, combined with a well-regarded loyalty program (Mileage Plan), creates some customer stickiness and pricing power. However, the airline's moat faces several challenges. The industry is characterized by intense price competition, particularly from low-cost carriers that can enter markets with lower cost structures. Regulatory constraints limit the ability to create sustainable competitive advantages, as routes, pricing, and service standards are heavily regulated. High capital requirements for aircraft and the cyclical nature of the business create ongoing financial pressures. Additionally, labor unions can limit operational flexibility and cost management capabilities. The company's moat is further challenged by the fact that airlines are essentially commodity businesses where price often trumps brand loyalty. While Alaska's premium service positioning provides some differentiation, this advantage can be eroded during economic downturns when customers become more price-sensitive.
Risks & safety
Alaska Air Group presents a moderate margin of safety with some financial strengths offset by industry-typical leverage and cyclical earnings volatility. • Liquidity Position: Strong with $1.2 billion in cash and short-term investments as of Q4 2024, providing adequate runway for operations and unexpected disruptions • Debt Levels: Elevated debt-to-equity ratio of 1.46, reflecting significant leverage typical in the capital-intensive airline industry, though manageable given cash flow generation • Solvency Risk: Low near-term risk given strong operational cash flow of $1.46 billion in 2024, though current ratio of 0.61 indicates working capital challenges typical for airlines • Valuation Metrics: Trading at P/E ratio of 20.7x based on 2024 earnings, which appears reasonable for a cyclical business, though EV/EBITDA of 10.5x suggests modest valuation premium • Earnings Volatility: Significant cyclical swings evidenced by Q1 2025 loss of $166 million versus Q4 2024 profit of $71 million, reflecting seasonal patterns and integration costs • Free Cash Flow: Inconsistent with negative $155 million in Q4 2024 but positive $221 million in Q1 2025, reflecting capital expenditure timing and seasonal working capital needs • Integration Risks: Hawaiian Airlines acquisition adds execution risk and potential for integration costs to exceed expected synergies
Recent development
Alaska Air Group has undergone significant strategic transformation over the past few years, centered around its "Alaska Accelerate" strategic plan launched in 2024. The most transformative development was the completion of the Hawaiian Airlines acquisition in September 2024, which doubled the company's Pacific presence and created a unique West Coast-to-Pacific network. This $1.9 billion acquisition is expected to generate $1 billion in incremental pre-tax profit over the next three years through synergies and network optimization. The company has aggressively expanded its premium product offerings, increasing premium seat capacity from 25% to 29% of total seats, with premium revenues now representing 34% of total revenues. This premium strategy includes enhanced first-class and premium-class cabins, improved digital platforms, and expanded loyalty program benefits. Alaska launched its first intercontinental route to Tokyo Narita in June 2025, marking a significant international expansion beyond its traditional North American focus. Operational integration efforts are progressing rapidly, with plans to achieve a single operating certificate for both Alaska and Hawaiian Airlines by Q4 2025, and integration of passenger service systems by early 2026. The company is implementing hub banking strategies in Seattle and Portland to improve connectivity and aircraft utilization. Additionally, Alaska has focused on fleet standardization, completing its transition to an all-Boeing 737 mainline fleet (excluding Hawaiian's Airbus aircraft), which improves operational efficiency and reduces maintenance costs. The company has also strengthened its partnership network, expanding to 30 airline partners and targeting 8-10% of revenue from partnerships by 2025. Recent labor agreements, including a 32% compensation increase for flight attendants, have improved labor relations while increasing cost pressures that management is addressing through productivity improvements and premium revenue growth.
ALK company profile · for informational purposes only — not investment advice.
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