Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

ALASKA AIR GROUP, INC.
Next earnings Jul 16, 2026 · consensus $-0.91 EPS, $4.14B rev
Revenue surged 21% but earnings collapsed 75% as margins thinned — a cheap-on-sales airline with integration and cyclical risk.
Sources: SEC EDGAR (CIK 0000766421, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:58:38 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~88% above fair value) leave little margin of safety — a wait-and-see.
Alaska Air Group put up sharply higher revenue in FY2025 — up 21.3% to $14.2B — reflecting a much larger network and scale than a year earlier. But the growth came at a steep cost to profitability: operating income fell 46.8% to $303M and net income collapsed 74.7% to just $100M, leaving razor-thin margins of 2.1% operating and 0.7% net and a 2.4% ROE. The combination of surging revenue and falling profit is the signature of a major integration that has expanded the top line while loading in costs that have yet to convert into synergy-driven earnings.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | $9.65B | $10.4B | $11.7B | $14.2B |
| Gross profit | — | — | — | — | — |
| Operating income | $685M | $70.0M | $394M | $570M | $303M |
| Net income | $478M | $58.0M | $235M | $395M | $100M |
| Diluted EPS | $3.77 | $0.45 | $1.83 | $3.08 | $0.83 |
| Net margin | — | 0.6% | 2.3% | 3.4% | 0.7% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-06-01 | SIEVERT G MICHAEL Director | Award | 4.26K @ $44.52 | $190K |
| 2026-05-13 | Hogan Kathleen T Director | Award | 5.19K @ $38.56 | $200K |
| 2026-05-13 | YEAMAN ERIC K Director | Award | 5.19K @ $38.56 | $200K |
| 2026-05-13 | Shimer Peter A Director | Award | 5.19K @ $38.56 | $200K |
| 2026-05-13 | SANDVIK HELVI KAY Director | Award | 5.19K @ $38.56 | $200K |
| 2026-05-13 | LOFTON ADRIENNE ROCHELLE Director | Award | 5.19K @ $38.56 | $200K |
| 2026-05-13 | ELWELL DANIEL KEVIN Director | Award | 2.59K @ $38.56 | $100.0K |
| 2026-05-13 | ELWELL DANIEL KEVIN Director | Award | 2.59K @ $38.56 | $100.0K |
| 2026-05-13 | Conner Raymond L. Director | Award | 5.19K @ $38.56 | $200K |