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Alaska Air Group (NYSE:ALK) announced Friday that it will provide updated guidance for the fourth quarter in early December, following recent information technology disruptions. The company stated it will not reschedule or host an earnings call for the third quarter. Third quarter results were previously disclosed through a Securities and Exchange Commission filing on October 24. The airline’s stock has declined over 35% year-to-date, currently trading near its 52-week low of $39.79.
The company reported that the full financial impact of the IT disruptions is not yet known. Alaska Air Group said it will release additional information on its financial and operational outlook once the effects are fully assessed.
This information is based on a statement included in a press release filed with the SEC.
In other recent news, Alaska Air Group reported an IT outage that affected both Alaska and Horizon airlines, leading to a temporary ground stop. The disruption has been resolved, but the company is still assessing its financial impact on the fourth quarter results. Additionally, Alaska Airlines faced downtime on its website and app, just days after a major technology outage grounded flights across the United States.
In regulatory developments, Alaska Airlines and Hawaiian Airlines have achieved a single operating certificate from the Federal Aviation Administration, allowing them to operate under a single call sign while maintaining separate brand identities. In expansion news, Alaska Airlines announced plans to launch 13 new nonstop routes from its San Diego and Portland hubs in spring 2026, adding Tulsa, Oklahoma and Arcata-Eureka, California to its network.
On the financial analysis front, UBS has lowered its price target for Alaska Air to $83 from $90, maintaining a Buy rating. The adjustment was made due to concerns about Alaska Air’s fourth-quarter outlook, although UBS noted that many of these issues are not expected to recur in 2026.
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