Alaska Air Group (ALK) Q4 Earnings Beat Estimates

Core Viewpoint - Alaska Air Group (ALK) reported quarterly earnings of $0.43 per share, significantly exceeding the Zacks Consensus Estimate of $0.11 per share, but down from $0.97 per share a year ago, indicating an earnings surprise of +308.75% [1] Financial Performance - The company posted revenues of $3.63 billion for the quarter ended December 2025, which was slightly below the Zacks Consensus Estimate by 0.51%, compared to $3.53 billion in the same quarter last year [2] - Over the last four quarters, Alaska Air has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Alaska Air shares have declined approximately 2.7% since the beginning of the year, while the S&P 500 has gained 0.4% [3] - The current Zacks Rank for Alaska Air is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.34 on revenues of $3.34 billion, and for the current fiscal year, it is $4.77 on revenues of $15.48 billion [7] - The trend of earnings estimate revisions is mixed ahead of the earnings release, which could change following the recent report [6] Industry Context - The Transportation - Airline industry is currently in the top 40% of over 250 Zacks industries, suggesting that companies in the top half tend to outperform those in the bottom half by a factor of more than 2 to 1 [8]