ALK

It has been about a month since the last earnings report for Alaska Air Group (ALK). Shares have lost about 7.1% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Alaska Air due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Alaska Air Group, Inc. before we dive into how investors and analysts have reacted as of late. Alaska Air Group reported a second-quarter 2026 adjusted loss of 92 cents per share, narrower than the Zacks Consensus Estimate of a 97-cent loss, with an average surprise of 5.2%. The company had posted adjusted earnings of $1.78 per share a year earlier.Operating revenues increased 9.7% year over year to $4.07 billion but missed the consensus mark of $4.10 billion. Revenue per available seat mile rose 8.6%, while an 85% increase in economic fuel cost weighed heavily on profitability. Passenger revenues increased 9% year over year to $3.64 billion. Loyalty program other revenues climbed 23% to $258 million, while cargo and other revenues advanced 17% to $163 million, reflecting strength across the company’s diversified revenue streams.Premium revenues grew 15%, managed corporate revenues rose 30% and loyalty cash remuneration increased 19%. However, historic rainstorms in Hawai‘i disrupted spring-break travel and reduced system unit revenues by approximately 3 percentage points during the quarter.Consolidated traffic, measured in revenue passenger miles, declined 0.8% while capacity increased 1%. The load factor fell 1.6 percentage points to 82.3% as passenger volumes decreased 1.2% to 15.1 million.Yield increased 9.6% to 18.21 cents, and passenger revenue per available seat mile rose 7.5% to 14.99 cents. Total revenue per available seat mile reached 16.72 cents, up from 15.39 cents a year earlier, as stronger pricing offset weaker traffic trends.Total operating expenses surged 24% to $4.23 billion. Aircraft fuel expense increased 86% to $1.31 billion as economic fuel cost rose to $4.43 per gallon from $2.39. The increase added approximately $600 million of fuel expense during the quarter.Wages and benefits rose 6% to $1.24 billion, while landing fees and other rentals increased 10%. Other operating expenses climbed 22%. These increases more than offset lower special-item costs and a slight decline in third-party regional carrier expenses.Cost per available seat mile excluding fuel, freighter costs, performance-based pay and special items increased 6.5% to 11.40 cents. This was better than the company’s prior expectation for high-single-digit growth.Around 2.5 percentage points of the increase came from transitory factors. These included an employee recognition award tied to completing a single passenger service system, the absence of prior-year aircraft sale gains and crew training costs for the international widebody expansion.Operating cash flow totaled $185 million during the second quarter and $606 million for the first six months of 2026. The company ended June with $3.8 billion in available liquidity after completing $1 billion of financing during the quarter.Cash and cash equivalents stood at $1.06 billion, while marketable securities totaled $1.60 billion. Long-term debt and finance leases increased to $5.78 billion from $4.83 billion as of 2025-end. Adjusted net debt to EBITDAR rose to 4.8 times from 2.9 times, while debt to capitalization increased to 65%.For the third quarter of 2026, Alaska Air expects adjusted earnings between breakeven and $1 per share. The Zacks Consensus Estimate is currently pegged at $1.41 per share. Capacity is projected to rise 2%-3%, with nearly all growth coming from long-haul international flights out of Seattle.Unit revenue is forecast to increase in the low double digits, while non-fuel unit costs are expected to rise in the low to mid-single digits. The outlook assumes an economic fuel cost of $3.75 per gallon, below the second quarter’s level, as refining margins moderate. Having started in February, the downfall aggravated in March, with cancellations exceeding bookings. Demand is around 90% below the normal level.Revenues came in at $1,636 million, missing the Zacks Consensus Estimate of $1,691.1 million. The top line also declined approximately 13% year over year. Passenger revenues — contributing 90.5% to the top line — were down 14% on a year-over-year basis.Operating StatisticsConsolidated traffic, measured in revenue passenger miles, declined 14.4% year over year in the reported quarter. Capacity (measured in available seat miles) dropped 1.3%. Load factor (percentage of seats occupied by passengers) deteriorated 1,070 basis points to 69.6% as traffic declined more than the amount of capacity contraction. Total revenue per available seat mile (RASM: a key measure of unit revenues) fell 11.7% year over year to 10.69 cents in the quarter under discussion. Meanwhile, yield inched up 0.9% to 13.9 cents.Operating Expenses & IncomeIn the first quarter, total operating expenses (on a reported basis) were up 6% year over year to $1,957 million, with expenses on wages and benefits increasing 10%. Fuel price (economic) was $1.93 per gallon, down 9.4% year over year.The company reported operating loss of $321 million in the first quarter against operating income of $25 million in the year-ago quarter. Consolidated cost per available seat mile — excluding fuel and special items — inched up 1.8% to 9.22 cents.LiquidityAt the end of the first quarter, this Seattle, WA-based company had $2,125 million in cash and marketable securities compared with $1,521 million at the end of 2019.The company exited the quarter with long-term debt of $1,203 million compared with $1,264 million at the end of 2019. Adjusted debt-to-capitalization ratio was 48% compared with 41% at the end of December 2019.Airline traffic, measured in revenue passenger miles, rose 44.2% year over year to 13,554 million in the reported quarter. Capacity or available seat miles increased 41.1% to 15,612 million. Load factor (percentage of seats filled by passengers) increased 190 basis points to 86.8% owing to traffic growth outpacing capacity expansion. Passenger revenue per available seat mile (PRASM: a key measure of unit revenues) increased 1.3% year over year to 11.57 cents. While total revenue per available seat mile (RASM) declined 0.4% to 13.46 cents in the reported quarter, yield declined 0.8% to 13.33 cents. Since the earnings release, investors have witnessed a downward trend in estimates revision. The consensus estimate has shifted -51.47% due to these changes. At this time, Alaska Air has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. However, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Alaska Air has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The multi-year partnership will feature Sam Darnold alongside Alaska employees in social content, traditional media and unique guest moments throughout the football season and beyond. The first campaign for this partnership will spotlight Alaska's new nonstop routes from Seattle to Paris and Athens as the airline continues expanding its global network from the Pacific Northwest. The partnership connects Seattle hometown pride with its next era of growth, including a more premium travel experience, Atmos™ Rewards and the broader evolution of the Alaska and Hawaiian brands. SEATTLE, Aug. 20, 2026 /PRNewswire/ -- Alaska Airlines today announced a multi-year partnership with Seattle quarterback Sam Darnold, launching a Seattle-rooted campaign that uses football-season energy to spotlight the airline's global growth and newest nonstop routes from Seattle to Paris and Athens. The campaign showcases Seattle hometown pride, Alaska employees and a remarkable guest experience as the airline enters its next chapter of growth. With Paris and Athens joining Alaska's international lineup from Seattle, Darnold will help travelers see what's next, from new places to go, to new ways to engage through Atmos Rewards and a more premium global travel experience. "Sam knows how to compete on a global stage, and that play-to-win mindset totally aligns with our approach at Alaska Airlines," said CEO Ben Minicucci. "Partnering with a world champion like Sam is a fun way to celebrate Alaska Airlines' momentum as we build a global gateway in Seattle to connect our guests to the world." "Seattle knows what it feels like to reach new heights," said Sam Darnold. "After an unforgettable season, I'm excited to partner with Alaska to celebrate that same momentum beyond the field. From Paris to Athens and beyond, Alaska is bringing Seattle to the world in new ways, and I'm proud to be part of a campaign that highlights what's possible when a city keeps reaching farther." The campaign will roll out across Seattle, Portland and key regional markets, as well as Alaska's owned channels, with content featuring Darnold, Alaska employees and guest-facing moments tied to travel, loyalty and Seattle hometown pride. Throughout the season, guests will be able to engage with Sam-specific social content, gate experiences and special moments that bring the partnership to life. Throughout the regular football season, Alaska will delight guests with special travel and loyalty moments inspired by Darnold's No. 14 jersey. Select flights will be renamed "Flight 1414," giving guests onboard an automatic 1,414 Atmos Rewards points bonus. For away games, featured flights will connect Seattle-area fans with that week's host city. For home games, the moments will spotlight flights from Seattle to the opposing team's home market as a fun nod to the matchup and Alaska's deep Seattle roots. Atmos Rewards gives guests more ways to explore Alaska's growing global network, with the ability to earn and redeem rewards across Alaska, Hawaiian, oneworld alliance members and additional global partners serving more than 1,000 destinations worldwide. Guests can also enjoy a more premium travel experience, from international business class Suites and premium onboard amenities to complimentary Starlink Wi‑Fi for Atmos Rewards members. Beginning Sept. 9, guests wearing Darnold's No. 14 Seattle jersey at participating gates at SeaTac Airport will also be invited to board with Group C, adding another game-day-inspired surprise to the travel experience. Alaska also plans to offer limited-time flight promotions through its social channels during the season, giving fans and travelers more ways to engage with the partnership. The multi-year effort builds on Alaska's history of working with partners across sports, entertainment and culture to create moments that matter for guests. It also reflects Alaska's next brand chapter: rooted in its West Coast history, connected through Atmos Rewards and focused on bringing Seattle to more of the world through destinations like Paris and Athens. Guests can learn more about Alaska's latest news, sign up for Atmos Rewards and follow along with the campaign at alaskaair.com. FAQ: Q: What is Alaska Airlines announcing? A: Alaska Airlines is launching a multi-year partnership with Seattle quarterback Sam Darnold as part of a Seattle-rooted campaign spotlighting Alaska's global growth, including new nonstop routes from Seattle to Paris and Athens, expanded Atmos Rewards benefits and a more premium travel experience. Q: Why is Alaska Airlines partnering with Sam Darnold? A: Alaska is partnering with Sam Darnold to connect the energy of Seattle's football season with the airline's next chapter of growth. The campaign features Darnold alongside Alaska employees and guest-facing moments to celebrate Seattle hometown pride while introducing travelers to Alaska's expanding global network. Q: How is Alaska Airlines becoming more global from Seattle? A: Alaska is growing Seattle into a broader global gateway with new nonstop routes to Paris and Athens, building on service to destinations including London, Rome, Reykjavik, Seoul and Tokyo. Through Atmos Rewards, oneworld airlines and additional global partners, guests can earn and redeem rewards across more than 1,000 destinations worldwide. About Alaska, Hawaiian and Horizon Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK." View original content to download multimedia:https://www.prnewswire.com/news-releases/alaska-airlines-teams-up-with-world-champion-seattle-quarterback-sam-darnold-to-launch-multi-year-partnership-celebrating-seattle-alaskas-loyal-guests-and-its-growing-global-network-302855907.html

This article first appeared on GuruFocus. GAAP Net Loss: $76 million for the second quarter. Adjusted Net Loss: $102 million, excluding special items. Revenue: $4.1 billion, a 10% increase year-over-year. Unit Revenues: Up 8.6%, including a 3-point drag from Hawaii rainstorms. Premium Revenues: Increased by 15% in the quarter. Co-brand Remuneration: $663 million, up 19% year-over-year. Cargo Revenues: Up 21% year-over-year. Nonfuel Unit Costs: Rose 6.5% year-over-year. Economic Fuel Cost: Averaged $4.43 per gallon. Liquidity: $3.8 billion in total liquidity. Debt to Capitalization Ratio: 65%. Adjusted Net Leverage: 4.8 times trailing 12-month. Warning! GuruFocus has detected 6 Warning Signs with ALK. Is ALK fairly valued? Test your thesis with our free DCF calculator. Release Date: July 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Alaska Air Group Inc (NYSE:ALK) successfully launched its first-ever service to Europe, which exceeded expectations and contributed to the company's strategic growth. The company achieved the most complex technology milestone of its integration, migrating to a single passenger service system, enhancing operational reliability. Alaska Air Group Inc (NYSE:ALK) led the industry in on-time performance year-to-date, improving by 5 points year-over-year in Q2. The company's investment in Starlink Wi-Fi has significantly improved guest satisfaction, with flights equipped with Starlink showing 20% higher satisfaction rates. Premium revenues grew by 15% in the quarter, driven by increased demand for premium products and services, including newly launched international long-haul services. Alaska Air Group Inc (NYSE:ALK) reported a second quarter GAAP net loss of $76 million, with an adjusted net loss of $102 million, primarily due to high fuel costs. The company faced a significant fuel price headwind, with fuel prices up nearly 70% year-over-year, impacting profitability. Hawaii operations were negatively affected by historic rainstorms, causing a three-point drag on unit revenues. Despite strategic achievements, the company is not satisfied with reporting a loss in what should be one of its strongest quarters. The company anticipates continued pressure from elevated industry capacity in Hawaii, which could impact unit revenue performance in the third quarter. Q: Are you able to confirm if we should expect fourth quarter revenue to be higher than the third quarter, given the potential for higher fares? A: Shane Tackett, CFO, stated that while they are not providing specific guidance for Q4, they do not see any change in demand trends into the fourth quarter. Advanced bookings look strong with similar or better yields compared to the third quarter. However, they will refrain from commenting further until they have more clarity on revenue and fuel prices. Q: Can you explain the improvement in Hawaii for September and the potential for continued improvement beyond that? A: Andrew Harrison, EVP and Chief Commercial Officer, noted that Hawaii is a significant market for Alaska Air, and they have seen strengthening prospects. The improvement in September is attributed to better yields and recovery from the Kona storms. While capacity has been elevated, they are optimistic about the momentum in Hawaii and expect continued improvement. Q: What is the mission of the four additional 737-800 freighters being added? A: Shane Tackett, CFO, explained that these aircraft will be owned by Alaska Air and used for their own cargo operations, not under any outsourced arrangement. Two will be deployed in Alaska and two in Hawaii, enhancing their cargo capabilities and contributing to the company's strategic growth. Q: How do you view the recovery timeline for Hawaii compared to past events like the Maui fires? A: Andrew Harrison, EVP and Chief Commercial Officer, stated that while the Hawaii market is stable, the recovery from the recent storms is expected to be quicker than past events like the Maui fires. The company is leveraging its loyalty program and network to outperform in the Hawaii market. Q: Can you provide insights into the international route performance and their margin contributions as they mature? A: Andrew Harrison, EVP and Chief Commercial Officer, expressed excitement about the initial reception of their European launches, noting strong performance and profitability potential. The international routes are expected to contribute positively as they mature, with significant opportunities for growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Alaska Air Group, Inc.? Here are five stocks we like better. Alaska Air Group reported a Q2 GAAP net loss of $76 million, with elevated fuel costs the main drag, but executives said improving revenue trends and easing fuel prices set up a stronger second half of 2026. Revenue momentum improved through the quarter, with Q2 revenue up 10% year over year to $4.1 billion and unit revenue accelerating each month; loyalty, premium, and international flying were key growth drivers. The company completed a major passenger service system migration, boosted operations and customer satisfaction, and expects continued benefits from Starlink Wi‑Fi, cabin retrofits, and fleet/cargo changes as it targets better profitability ahead. 4 Buy-and-Hold-Forever Stocks Available at a Bargain Alaska Air Group (NYSE:ALK) reported a second-quarter loss but told analysts that improving revenue trends, completed integration work and easing fuel costs position the company for a stronger second half of 2026. Ryan St. John, vice president of finance, planning and investor relations, said Air Group reported a second-quarter GAAP net loss of $76 million. Excluding special items, the company posted an adjusted net loss of $102 million. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? Ben said the company “beat our initial guidance for the second quarter” but was “not satisfied” with a loss during what is typically one of the airline’s strongest quarters. He attributed much of the pressure to fuel, saying prices were up nearly 70% year over year. He added that Alaska returned to profitability in June with a double-digit pretax margin despite the elevated fuel environment. “Absent the fuel spike, this would have been a solidly profitable quarter,” Ben said, adding that the company saw strengthening unit revenue, improving unit costs and continued demand through the quarter. → 3 Photonics Companies Making Quantum Tech Possible Despite Bad Headlines, Boeing Still Wins Billion Dollar Contracts Andrew said second-quarter revenue rose to $4.1 billion, up 10% year over year, while capacity grew 1%. Unit revenue increased 8.6%, including what the company described as a three-point drag from historic Hawaii rainstorms. Andrew said unit revenue accelerated each month of the quarter, rising 5.5% in April, 8.8% in May and 11% in June. Total June revenue was up 13.2%, contributing to the company’s return to profitability for that month. → AI Data Centers Need Power, and These 2 Industrials Are Cashing In The company pointed to several factors behind the revenue improvement, including the move to a single reservation system, the launch of European service, Asia service, adoption of Atmos Rewards and strong operational performance. Managed corporate revenue also improved. Andrew said Portland and San Diego managed corporate share increased by five points and four points, respectively. Portland exceeded 50% share of managed corporate revenue, which Andrew called a historic milestone. In Seattle, managed corporate passenger volume exceeded system trends with 9% growth, supported by new service to major international markets including London, Tokyo and Incheon. Alaska executives said loyalty and premium revenue were important contributors to the quarter. Andrew said co-brand remuneration reached $663 million, up 19% year over year. Active Atmos members increased 15%, while attrition fell more than 30%. In Hawaii, the company said loyalty growth outpaced system performance, with a 73% year-over-year increase in new cardholders and a 34% increase in members in the Huaka'i by Hawaiian community. Premium revenue rose 15% in the quarter and now represents 35% of total revenue, Andrew said. He added that more than half of every revenue dollar now comes from outside the main cabin. Ben said the company’s first long-haul international routes from Seattle are “off to a strong start.” He said new Rome, London and Reykjavik routes are each carrying 50% or more Atmos members, which he described as an early sign of loyalty demand for the expansion. Andrew said the international launch has been encouraging, noting that the company recently turned on its ability to sell in the United Kingdom and sees additional opportunity to grow international premium cabin share. Ben described the quarter as “one of the most consequential and strategically important quarters” in the company’s history. Alaska completed its migration to a single passenger service system and established what he called the industry’s first dual-brand passenger service system platform. The company said it maintained strong operations during the transition. Ben said Alaska led the industry in on-time performance year to date and improved five points year over year in the second quarter. Guest satisfaction improved after the reservation cutover, Ben said, rising seven points from the prior quarter. Hawaii improved 10 points. He also said Starlink Wi-Fi is improving the onboard experience, with guest satisfaction on Starlink-equipped flights 20% higher than on non-equipped flights. About one-third of the fleet is now equipped, with the remainder expected by 2027. Ben said cabin retrofits across the company’s 737 fleet are complete, adding 1.3 million incremental first and premium class seats. Demand is absorbing the additional capacity, he said, as reflected in the increase in premium revenue. Alaska also highlighted cargo as a strategic growth area. Ben said the company restructured its Amazon flying under a more profitable contract and is adding four Boeing 737-800 freighters for deployment across Hawaii and Alaska. During the question-and-answer session, Shane Tackett, president of Alaska Airlines and CFO, said the aircraft will be owned by Alaska and operated under its own brand, not under a CMI or ACMI arrangement. Two are expected to be used in Alaska and two in Hawaii. Ben also said the company plans to retire the 717 fleet beginning in 2028 and transition Neighbor Island flying to Boeing 737s, citing improved reliability, economics and cargo capability. Shane said second-quarter unit costs excluding fuel rose 6.5% year over year. He said that result included transitory items such as elevated crew training costs tied to the 787 fleet ramp, employee recognition expense related to the passenger service system milestone and comparisons against aircraft sale gains in 2025. Excluding those items, core cost growth was in the low- to mid-single digits. The company ended the quarter with $3.8 billion in total liquidity after raising $1 billion through a $500 million senior unsecured note offering and a $500 million term loan. Shane said the financing was intended to keep liquidity near the top of the company’s target range as it navigates fuel volatility. Alaska guided third-quarter capacity growth of about 2% to 3%, with all growth coming from intercontinental flying. Full-year capacity growth is expected to be around 2%, at the low end of the original 2% to 3% guidance range. Shane said economic fuel cost averaged $4.43 per gallon in the second quarter, slightly better than the company’s $4.50 guidance. For the third quarter, Alaska expects fuel price per gallon of $3.75 and earnings between breakeven and $1 per share. The company said demand remains durable, with bookings into the summer peak and early fall pacing well. Andrew said unit revenue is running in the mid-teens year over year and that the company expects third-quarter system unit revenue to increase in the low double digits. Executives said they plan to provide an update on full-year earnings guidance at an Investor Day scheduled for Sept. 29 in Seattle. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Alaska Air Group Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Alaska Air Group, Inc. (ALK) reported a second-quarter 2026 adjusted loss of 92 cents per share, narrower than the Zacks Consensus Estimate of a 97-cent loss, with an average surprise of 5.2%. The company had posted adjusted earnings of $1.78 per share a year earlier. Operating revenues increased 9.7% year over year to $4.07 billion but missed the consensus mark of $4.10 billion by 0.7%. Revenue per available seat mile rose 8.6%, while an 85% increase in economic fuel cost weighed heavily on profitability. Alaska Air Group, Inc. price-consensus-eps-surprise-chart | Alaska Air Group, Inc. Quote Passenger revenues increased 9% year over year to $3.64 billion. Loyalty program other revenues climbed 23% to $258 million, while cargo and other revenues advanced 17% to $163 million, reflecting strength across the company’s diversified revenue streams. Premium revenues grew 15%, managed corporate revenues rose 30% and loyalty cash remuneration increased 19%. However, historic rainstorms in Hawai‘i disrupted spring-break travel and reduced system unit revenues by approximately 3 percentage points during the quarter. Consolidated traffic, measured in revenue passenger miles, declined 0.8% while capacity increased 1%. The load factor fell 1.6 percentage points to 82.3% as passenger volumes decreased 1.2% to 15.1 million. Yield increased 9.6% to 18.21 cents, and passenger revenue per available seat mile rose 7.5% to 14.99 cents. Total revenue per available seat mile reached 16.72 cents, up from 15.39 cents a year earlier, as stronger pricing offset weaker traffic trends. Total operating expenses surged 24% to $4.23 billion. Aircraft fuel expense increased 86% to $1.31 billion as economic fuel cost rose to $4.43 per gallon from $2.39. The increase added approximately $600 million of fuel expense during the quarter. Wages and benefits rose 6% to $1.24 billion, while landing fees and other rentals increased 10%. Other operating expenses climbed 22%. These increases more than offset lower special-item costs and a slight decline in third-party regional carrier expenses. Cost per available seat mile excluding fuel, freighter costs, performance-based pay and special items increased 6.5% to 11.40 cents. This was better than the company’s prior expectation for high-single-digit growth. Around 2.5 percentage points of the increase came from transitory factors. These included an employee recognition award tied to completing a single passenger service system, the absence of prior-year aircraft sale gains and crew training costs for the international widebody expansion. The adjusted pretax loss was $176 million against adjusted pretax income of $295 million a year ago. Adjusted pretax margin fell to negative 4.3% from positive 8%. Adjusted net loss totaled $102 million versus adjusted net income of $215 million. On a reported basis, Alaska Air recorded an operating loss of $168 million against an operating income of $277 million. GAAP net loss was $76 million, or 68 cents per share, against net income of $172 million, or $1.42 per share, in the prior-year quarter. Operating cash flow totaled $185 million during the second quarter and $606 million for the first six months of 2026. The company ended June with $3.8 billion in available liquidity after completing $1 billion of financing during the quarter. Cash and cash equivalents stood at $1.06 billion, while marketable securities totaled $1.60 billion. Long-term debt and finance leases increased to $5.78 billion from $4.83 billion as of 2025-end. Adjusted net debt to EBITDAR rose to 4.8 times from 2.9 times, while debt to capitalization increased to 65%. For the third quarter of 2026, Alaska Air expects adjusted earnings between breakeven and $1 per share. The Zacks Consensus Estimate is currently pegged at $1.41 per share. Capacity is projected to rise 2%-3%, with nearly all growth coming from long-haul international flights out of Seattle. Unit revenue is forecast to increase in the low double digits, while non-fuel unit costs are expected to rise in the low to mid-single digits. The outlook assumes an economic fuel cost of $3.75 per gallon, below the second quarter’s level, as refining margins moderate. Currently, Alaska Air carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. (UAL) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Alaska Air Group (ALK) reported $4.07 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 9.8%. EPS of -$0.92 for the same period compares to $1.78 a year ago. The reported revenue represents a surprise of -0.73% over the Zacks Consensus Estimate of $4.09 billion. With the consensus EPS estimate being -$0.97, the EPS surprise was +5.16%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Alaska Air performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Passenger Load Factor: 82.3% versus 84.1% estimated by five analysts on average. Total revenue per ASM (RASM): 16.72 cents versus the four-analyst average estimate of 16.87 cents. Available seat miles (ASM): 24.31 billion compared to the 24.28 billion average estimate based on four analysts. Revenue passenger miles (RPM): 20.01 billion compared to the 20.45 billion average estimate based on four analysts. Fuel Expenses: $1.31 billion versus $1.32 billion estimated by four analysts on average. Economic fuel cost per gallon: $4.43 versus the four-analyst average estimate of $4.46. Passenger Yield: 18.21 cents compared to the 18.18 cents average estimate based on three analysts. Fuel gallons: 295.00 Mgal versus the three-analyst average estimate of 296.06 Mgal. Operating expenses per ASM, excluding fuel and special items: 11.4 cents versus 11.55 cents estimated by three analysts on average. Total Passenger Revenue: $3.64 billion compared to the $3.71 billion average estimate based on five analysts. The reported number represents a change of +8.6% year over year. Revenue- Loyalty program other revenue: $258 million versus the four-analyst average estimate of $224.08 million. The reported number represents a year-over-year change of +22.9%. Revenue- Cargo and other: $163 million compared to the $163.01 million average estimate based on four analysts. The reported number represents a change of +17.3% year over year. View all Key Company Metrics for Alaska Air here>>> Shares of Alaska Air have returned -5.7% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

1 in the industry in year-to-date on-time performance Expanded international service to include transatlantic flights from Seattle to Rome, London, Reykjavík Achieved single passenger service system for Alaska and Hawaiian and recognized employees with 75k Atmos Points for major integration milestone Q3 RASM expected to have double digit growth year-over-year SEATTLE, July 21, 2026 /PRNewswire/ -- Alaska Air Group (NYSE: ALK) today reported financial results for the second quarter ending June 30, 2026. "Our second quarter results were defined by a fuel spike outside our control - but underneath it, this company is executing better than ever," said CEO Ben Minicucci. "We led the industry in on-time performance for the first half of the year, completed the last major technical milestone of our Hawaiian integration, launched service to Europe, and returned to profitability in June. Absent the fuel headwind, we would have delivered a solidly profitable quarter. I have never been more confident in our people, our plan, and the long-term earnings power of Alaska Air Group." Quarter in Review: Air Group reported second quarter Generally Accepted Accounting Principles (GAAP) pretax margin of (5.3)% and GAAP net loss of $76 million, or $0.68 per share. Air Group's second quarter adjusted pretax margin was (4.3)% and adjusted net loss was $102 million, or $0.92 per share. Second quarter total revenue grew 10% year-over-year to $4.1 billion on capacity growth of 1%, with unit revenue up 8.6%. Yields strengthened through the quarter, with June producing double digit unit revenue growth and double digit pretax profit margins. Our revenue performance was impacted by historic rainstorms in Hawai'i in March which had a meaningful impact on April spring break travel and reduced system unit revenue by approximately 3 points in the quarter, modestly above the 2 points originally expected. Outside of Hawai'i, demand remained resilient across the network and our diversified revenue streams continue to outpace system growth: premium revenue increased 15%, cargo revenue increased 21%, and managed corporate revenue accelerated 30% year-over-year respectively. Loyalty performance was also robust, with loyalty cash remuneration up 19%. Non-fuel unit costs increased 6.5% year-over-year on 1% capacity growth, better than prior guidance. The year-over-year increase reflects 2.5 points of transitory factors, including a one-time employee recognition award tied to achieving a single passenger service system, a year-over-year headwind from prior-year aircraft sale gains, and crew training costs for our international widebody ramp. Outside of these transitory items, core cost management was strong, gaining momentum moving into the second half of the year. Second quarter economic fuel cost was $4.43 per gallon, an increase of 85% year-over-year, resulting in $600 million of incremental fuel cost for the period. In response to the elevated and unpredictable fuel price environment, we proactively raised $1 billion in financing during the quarter, deliberately bolstering liquidity to the top end of our target range of 15% to 25% of trailing-12-month revenue. As the fuel environment stabilizes and our earnings profile improves, we expect to put excess liquidity towards paying down debt and bring liquidity back to the midpoint of our target range. Third Quarter Forecast Information: With a strong demand backdrop and an improving unit cost trajectory, we expect a widening spread between unit revenue and unit costs in Q3. Coupled with continued execution on our strategic initiatives, we expect a meaningful inflection in financial performance beginning in Q3. Third quarter capacity is expected to be up approximately 2% to 3% year-over-year, with nearly all growth coming from long-haul international flying out of Seattle, while capacity within North America will be essentially flat year-over-year. Unit revenue is expected to improve sequentially from the second to third quarter to low double-digit growth year-over-year, supported by strong yields and demand. While Hawai'i remains a 2-3 point unit revenue headwind in the third quarter, loads are recovering and new bookings are coming in at system level yields, showing demand returning to historical levels in September. Third quarter non-fuel unit costs are expected to increase in the low to mid single digits year-over-year, a meaningful step-down from the first half of the year, as transitory cost items are behind us and productivity improvements compound. While fuel prices remain volatile, economic fuel cost is expected to come down from second quarter levels as refining margins have recently moderated. Our guidance assumes a fuel price of $3.75 per gallon in the third quarter, reflecting July fuel costs of $3.60 per gallon, and average spot prices of $3.85 for August and September. Operational Updates: Led the industry in year-to-date on-time performance. Transitioned to a single passenger service system (PSS), marking a key integration milestone that consolidates reservation and customer service platforms across Alaska and Hawaiian, and delivers a more streamlined guest experience. Launched new transatlantic service from Seattle with flights to Rome, London, and Reykjavik, further expanding our international network and reinforcing our position as the fourth-largest global airline in the U.S. Took delivery of six 737-8 aircraft, two E175 aircraft, and added one E175 under CPA with SkyWest. Announced agreement to add four 737-800 freighter aircraft to Alaska's cargo fleet, effectively doubling the cargo fleet's capacity. The aircraft are expected to enter service in the first half of 2027. Completed the 737 cabin retrofits, adding expanded first and premium class seating and refreshed cabin interiors. Announced expansions in our domestic route network, including the addition of new routes from Santa Rosa, the return of service between Seattle and Long Beach, new service from Honolulu to Burbank, Spokane, and Boise, and increased service between Honolulu and Las Vegas. Commercial Updates: Hawaiian Airlines joined the oneworld alliance, connecting Hawai'i to over 900 global destinations across more than 170 territories. Opened the newest Alaska Lounge at Portland International Airport, which is twice the size of the previous Portland lounge and underscores our continued investment in premium travel. Announced plans for a new world-class Alaska Lounge in Seattle. The new lounge is set to open in 2027 and will span across two floors, featuring showers, premium bars, à la carte dining, and chef-curated seasonal menus. Liquidity Updates: Generated $606 million of operating cash flow during the first six months of 2026. Held $3.8 billion in available liquidity, including unrestricted cash, marketable securities, and undrawn credit facilities. Total liquidity includes $1 billion in financing completed in the second quarter, comprising $500 million of 6.5% senior unsecured notes and $500 million in term loans secured by assets associated with the Atmos™ Rewards program. Had approximately $20 billion of unencumbered assets at June 30, 2026, including 131 aircraft and the unencumbered portion of our loyalty program assets. Other Highlights: Elected Shane Tackett as President and Chief Financial Officer of Alaska Airlines. Appointed Mike Sievert, Vice Chairman and former CEO of T-Mobile, to Air Group's board of directors. Celebrated our employees' efforts in achieving a single PSS and dedication throughout the Alaska-Hawaiian integration by awarding 75,000 Atmos Rewards points to all Alaska, Hawaiian, and Horizon employees. Opened new premium check-in experience in Seattle for business class Suites guests and Atmos Titanium members. CEO Ben Minicucci named Executive of the Year - North America at FlightGlobal's 2026 Airline Strategy Awards. Hawaiian Airlines named "Most Comfortable Airline" on WalletHub's 2026 Best Airlines list. Alaska Airlines and Hawaiian Airlines were recognized with APEX Best Awards for Best Cabin Service and Best Wi‑Fi, respectively. Alaska Airlines recognized by the Port of Seattle's Sustainable Century Awards for Environmental Performance and Innovation and Greatest Use of Ground Power and Pre‑Conditioned Air Systems. A conference call regarding the second quarter results will be streamed online at 11:30 a.m. EDT/ 8:30 a.m. PDT on July 22, 2026. It can be accessed at www.alaskaair.com/investors. For those unable to listen to the live broadcast, a replay will be available after the conclusion of the call. References in this update to "Air Group," "Company," "we," "us," and "our" refer to Alaska Air Group, Inc. and its subsidiaries, unless otherwise specified. This news release may contain forward-looking statements subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These statements relate to future events and involve known and unknown risks and uncertainties that may cause actual outcomes to be materially different from those indicated by our forward-looking statements, assumptions or beliefs. For a discussion of risks and uncertainties that may cause our forward-looking statements to differ materially, see Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Some of these risks include competition, labor costs, relations and availability, general economic conditions, increases in operating costs including fuel, uncertainties regarding the ability to successfully integrate operations following the acquisition of Hawaiian Holdings, Inc. and the ability to realize anticipated cost savings, synergies, or growth from the acquisition, inability to meet cost reduction and other strategic goals, seasonal fluctuations in demand and financial results, supply chain risks, events that negatively impact aviation safety and security, cybersecurity risks, and changes in laws and regulations that impact our business. All of the forward-looking statements are qualified in their entirety by reference to the risk factors discussed in our most recent Form 10-K and in our subsequent SEC filings. We operate in a continually changing business environment, and new risk factors emerge from time to time. Management cannot predict such new risk factors, nor can it assess the impact, if any, of such new risk factors on our business or events described in any forward-looking statements. We expressly disclaim any obligation to publicly update or revise any forward-looking statements made today to conform them to actual results. Over time, our actual results, performance or achievements may differ from the anticipated results, performance or achievements that are expressed or implied by our forward-looking statements, assumptions or beliefs and such differences might be significant and materially adverse. Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. With oneworld and our additional global partners, guests can earn and redeem points for travel to over 1,000 worldwide destinations with Atmos Rewards. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK." GAAP TO NON-GAAP RECONCILIATIONS (unaudited)Alaska Air Group, Inc. We are providing reconciliations of reported non-GAAP financial measures to their most directly comparable financial measures reported on a GAAP basis. Amounts in the tables below are rounded to the nearest million. As a result, a manual recalculation of certain figures using these rounded amounts may not agree directly to the amounts presented. These reconciliations include adjustments intended to improve comparability and provide a clearer view of the Company's core operating performance. Losses (gains) on foreign debt and other primarily reflect unrealized and realized gains or losses resulting from changes in foreign currency exchange rates on certain debt. In 2025, these expenses also included mark-to-market fuel hedge adjustments. Special items - operating primarily relate to costs associated with the integration of Hawaiian Airlines, including employee-related costs, technology costs, and other merger-related expenses. In 2025, these expenses also included costs related to changes in Alaska flight attendants' sick leave benefits pursuant to a collective bargaining agreement ratified in the first quarter of 2025. Note A: Pursuant to Regulation G, we provide reconciliations of reported non-GAAP financial measures to the most directly comparable GAAP financial measures. We believe these non-GAAP measures provide meaningful supplemental information to investors for the following reasons: Pretax income (loss), net income (loss), and earnings (loss) per share are presented on an adjusted basis. Adjustments are made for special charges that are unusual or nonrecurring in nature, as well as for gains and losses on foreign debt, as these adjustments enhance comparability of our core operations to prior periods and to the rest of the airline industry. CASMex is a key measure used by management and the Air Group Board of Directors to evaluate cost performance. It is also commonly used by industry analysts to compare airlines. Because U.S. carriers are generally similarly affected by changes in jet fuel prices over the long run, aircraft fuel costs are excluded to focus on more controllable, company-specific cost drivers. Costs related to freighter aircraft operations, including those incurred under the ATSA with Amazon, are excluded to enhance comparability with carriers that do not operate freighter aircraft. Performance‑Based Pay (PBP) expense is excluded as it is dependent on the Company's achievement of annually established financial and operational goals. Certain special charges are excluded as they are unusual or nonrecurring in nature. Adjusted capital expenditures includes certain amounts that are not classified as investing cash outflows within our consolidated statements of cash flows, but are viewed by management and other stakeholders as significant long-term investments in the business. Management believes these adjustments provide a more complete view of capital expenditures during the year. Liquidity and leverage measures, including debt-to-capitalization and adjusted net debt to EBITDAR, are presented to provide insight into the Company's financial position and flexibility. In 2026, we made adjustments to the calculation of these metrics to enhance comparability with our peers. The debt-to-capitalization ratio now excludes the current portion of operating and finance lease liabilities, with prior periods recast for consistency. Additionally, EBITDAR was adjusted to reflect the fixed portion of operating leases rather than total aircraft rent to better reflect performance, with prior periods recast accordingly. GLOSSARY OF TERMS Adjusted debt - long-term debt, plus operating and finance lease liabilities Adjusted net debt - long-term debt, plus operating and finance lease liabilities, less unrestricted cash and marketable securities Adjusted net debt to EBITDAR - represents adjusted net debt divided by EBITDAR (trailing twelve months earnings before interest, taxes, depreciation, amortization, fixed portion of operating leases, and special items) ASMs - available seat miles, or "capacity"; represents total seats available across the fleet multiplied by the number of miles flown CASMex - operating costs excluding fuel, freighter costs, Performance-Based Pay (PBP), and special items per ASM, or "unit cost" Debt-to-capitalization ratio - represents adjusted debt, net of current portion, divided by total equity plus adjusted debt, net of current portion Diluted Earnings per Share - represents earnings per share (EPS) using fully diluted shares outstanding Diluted Shares - represents the total number of shares that would be outstanding if all possible sources of conversion, such as stock options, were exercised Freighter Costs - operating expenses directly attributable to the operation of B737 freighter aircraft and A330-300 freighter aircraft exclusively performing cargo missions Load Factor - RPMs as a percentage of ASMs; represents the number of available seats that were filled with revenue passengers PRASM - passenger revenue per ASM, or "passenger unit revenue" RASM - operating revenue per ASMs, or "unit revenue"; operating revenue includes all passenger revenue, freight & mail, loyalty program revenue, and other ancillary revenue; represents the average total revenue for flying one seat one mile RPMs - revenue passenger miles, or "traffic"; represents the number of seats that were filled with revenue passengers; one passenger traveling one mile is one RPM Yield - passenger revenue per RPM; represents the average passenger revenue for flying one passenger one mile View original content to download multimedia:https://www.prnewswire.com/news-releases/alaska-air-group-reports-second-quarter-2026-results-302831369.html

Southwest Airlines (LUV) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This airline is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +20.9%. Revenues are expected to be $8.58 billion, up 18.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 28.26% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Southwest, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.21%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Southwest will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Southwest would post earnings of $0.45 per share when it actually produced earnings of $0.45, delivering no surprise. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Southwest doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Transportation - Airline industry, Alaska Air Group (ALK), is soon expected to post loss of $0.97 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -154.5%. Revenues for the quarter are expected to be $4.09 billion, up 10.6% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Alaska Air has been revised 76.1% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.88%, reflecting a lower Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Alaska Air will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research