Susquehanna Issues Pessimistic Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price objective cut by analysts at Susquehanna from $55.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential upside of 21.42% from the company’s current price.

Several other analysts also recently commented on the company. Wall Street Zen downgraded Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group reduced their price objective on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Zacks Research downgraded Alaska Air Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Cantor Fitzgerald set a $63.00 target price on Alaska Air Group in a research note on Friday, January 30th. Finally, UBS Group reissued a “buy” rating and set a $54.00 target price (up from $53.00) on shares of Alaska Air Group in a research note on Wednesday, April 15th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.31.

Alaska Air Group Stock Up 1.0%

ALK opened at $41.18 on Wednesday. The business has a 50 day moving average price of $43.37 and a two-hundred day moving average price of $46.43. The company has a quick ratio of 0.46, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The company has a market cap of $4.67 billion, a PE ratio of 77.70, a P/E/G ratio of 6.53 and a beta of 1.27. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, research analysts anticipate that Alaska Air Group will post 0.31 EPS for the current year.

Insider Transactions at Alaska Air Group

In other news, CFO Shane R. Tackett sold 24,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the completion of the transaction, the chief financial officer directly owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. This represents a 35.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kyle B. Levine sold 2,945 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $60.02, for a total value of $176,758.90. Following the transaction, the executive vice president directly owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 56,945 shares of company stock valued at $3,204,569. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Alaska Air Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after acquiring an additional 110,628 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Alaska Air Group by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,273,084 shares of the transportation company’s stock worth $312,280,000 after acquiring an additional 56,225 shares during the period. Capital Research Global Investors grew its holdings in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after acquiring an additional 1,475,350 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Alaska Air Group by 24.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after acquiring an additional 588,119 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Alaska Air Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock worth $108,166,000 after acquiring an additional 35,352 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Key Alaska Air Group News

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

• Positive Sentiment: Hawaiian Airlines joining the oneworld alliance expands global feed to Hawai’i and complements Alaska’s existing alliance membership, increasing codeshare and transfer traffic potential for Alaska’s network. Hawaiian joins oneworld
• Positive Sentiment: Alaska and Hawaiian completed a shared passenger service system (Sabre) integration, enabling smoother bookings, unified loyalty benefits and easier operations — a material step toward capturing cross‑network demand and cost synergies. Shared PSS transition
• Positive Sentiment: Reports that American Airlines and Alaska are exploring a deeper international partnership (potentially joining transatlantic/transpacific joint businesses) point to a major upside if a broader JV or revenue‑sharing deal is struck. Partnership talks
• Positive Sentiment: Commercial win: Alaska upgraded its Amazon cargo contract, supporting ancillary revenue and fleet utilization. Amazon cargo upgrade
• Neutral Sentiment: Analysts’ reactions are mixed: BMO raised its PT and Morgan Stanley trimmed its PT slightly but kept an overweight view; other shops adjusted forecasts after the quarter — consensus remains varied. Analyst moves MS price target
• Neutral Sentiment: Q1 earnings call highlights show capacity adjustments and commentary on cost pressure — useful context for analysts but not a definitive directional catalyst on its own. Earnings call highlights
• Negative Sentiment: Q1 results missed estimates (wider loss vs. year-ago) and management highlighted fuel volatility; the company suspended forward guidance, which has weighed on investor confidence. Earnings miss / gap down
• Negative Sentiment: Analysts and market commentary note shares fell after the quarter as rising fuel costs, trimmed capacity and higher unit costs pressured margins — those macro pressures remain the primary near‑term downside risk. Fuel and cost concerns

About Alaska Air Group

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.