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An update from Alaska Air ( (ALK) ) is now available.
On January 22, 2026, Alaska Air Group reported fourth-quarter and full-year 2025 results, posting GAAP net income of $21 million, or $0.18 per share, and adjusted earnings of $50 million, or $0.43 per share, for the quarter, ahead of prior guidance, though full-year profitability declined from 2024. The company generated $1.2 billion in operating cash flow for the year, achieved a single FAA operating certificate for Alaska and Hawaiian Airlines, and saw diversified revenue growth with higher premium, cargo and loyalty revenues despite macro headwinds and a temporary demand hit from the November government shutdown, while also repurchasing $570 million of stock in 2025 and announcing its largest fleet order in history as part of its Alaska Accelerate strategy. Management highlighted improving demand trends early in 2026, integration synergies from Hawaiian Airlines and new international routes from Seattle to London and Rome, positioning the group to capitalize on strengthening corporate and international travel and to support its longer-term profitability ambitions, albeit within a wide 2026 earnings guidance range that reflects ongoing economic uncertainty and fuel-price risk.
The most recent analyst rating on (ALK) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Alaska Air stock, see the ALK Stock Forecast page.
Spark’s Take on ALK Stock
According to Spark, TipRanks’ AI Analyst, ALK is a Neutral.
The score is driven primarily by mixed financial performance (recovery in revenue and strong gross margin, but low profitability, higher leverage, and negative free cash flow). Technicals are moderately supportive with neutral-to-positive momentum, while valuation is a key drag due to a high P/E and no dividend yield data.
To see Spark’s full report on ALK stock, click here.
More about Alaska Air
Alaska Air Group Inc. (NYSE: ALK) is a U.S.-based airline group that now operates Alaska Airlines and Hawaiian Airlines under a single operating certificate, offering domestic and expanding international passenger services supported by a growing global network, premium travel products, cargo operations and a large loyalty and co-branded credit card business aimed at higher-yield travelers and corporate customers.
Average Trading Volume: 3,483,217
Technical Sentiment Signal: Sell
Current Market Cap: $5.52B
For a thorough assessment of ALK stock, go to TipRanks’ Stock Analysis page.