Alaska Airlines CEO Ben Minicucci talks with CNBC about the company withdrawing its full-year profit forecast after a sharp rise in jet fuel costs tied to the Iran war put pressure on margins and darkened the outlook for the rest of the year.
Ben Minicucci, Alaska Air CEO, joins 'The Exchange' to discuss the company's quarterly earnings results, if demand cracks will arise and much more.
Alaska Air Group (NYSE: ALK) carries a unanimous Wall Street buy consensus: 4 Strong Buy and 12 Buy ratings, zero Holds, zero Sells, across 16 analysts covering the stock.
Alaska Air detailed the cost of the Iran war, and they're big: some $600 million extra in fuel costs, which is more than their entire profits the last two years.
The headline numbers for Alaska Air (ALK) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Alaska Air Group (ALK) came out with a quarterly loss of $1.68 per share versus the Zacks Consensus Estimate of a loss of $1.61. This compares to a loss of $0.77 per share a year ago.
“Until conditions stabilize and we have better sight to earnings beyond the current quarter, we have suspended full-year guidance,” the company said.
Alaska Air Group, Inc. remains rated Hold due to ongoing profitability pressures and industry headwinds, despite capacity growth and absolute valuation appeal. ALK's merger with Hawaiian Holdings drove revenue and capacity gains, but cost inflation—especially wages and benefits—has sharply eroded margins and net income. Management targets margin improvement and adjusted EPS of $10 by 2027, leveraging initiatives like Alaska Accelerate and AI-powered maintenance, but near-term risks persist.
In the most recent trading session, Alaska Air Group (ALK) closed at $41.15, indicating a -3.27% shift from the previous trading day.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Alaska Air (ALK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2026.
Alaska Air (ALK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Alaska Air Group (ALK) closed the most recent trading day at $39.5, moving 1% from the previous trading session.