Alaska Air Group (ALK) Lags Q3 Earnings Estimates

Core Insights - Alaska Air Group (ALK) reported quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.11 per share, and down from $2.25 per share a year ago, representing an earnings surprise of -5.41% [1] - The company posted revenues of $3.77 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.32%, and up from $3.07 billion year-over-year [2] - Alaska Air shares have declined approximately 26.4% year-to-date, contrasting with the S&P 500's gain of 13.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.03 on revenues of $3.69 billion, and for the current fiscal year, it is $2.95 on revenues of $14.28 billion [7] - The estimate revisions trend for Alaska Air was unfavorable prior to the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Transportation - Airline industry is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting that stocks in the top 50% of Zacks-ranked industries outperform those in the bottom 50% by more than 2 to 1 [8]