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Alaska Air Group (NYSE:ALK), currently trading at $46.63 and down nearly 27% year-to-date, disclosed Friday that it experienced an IT outage on Thursday that impacted operations for both Alaska and Horizon airlines. According to a statement in a press release, a temporary ground stop was implemented for both carriers as a result of the disruption. The ground stop has since been lifted.
The company reported that it is actively addressing the operational impacts caused by the outage. With a current ratio of 0.52 indicating tight liquidity and short-term obligations exceeding liquid assets, Alaska Air Group stated that it does not yet have an estimate of the financial impact the disruption may have on its fourth quarter results. InvestingPro data shows 13 analysts have recently revised their earnings expectations downward for the upcoming period.
Additionally, the company announced that its third quarter conference call, which was scheduled for Friday at 11:30 a.m. EDT, will not be held.
This information is based on a statement provided in a recent SEC filing.
In other recent news, Alaska Air Group reported a record revenue of $3.7 billion for the second quarter of 2025, reflecting a 2% increase compared to the previous year. The company also achieved an adjusted net income of $215 million and an adjusted earnings per share of $1.78, surpassing its own guidance. Despite these positive earnings results, Alaska Air’s stock experienced a minor decline in premarket trading. Additionally, UBS has reiterated its Buy rating for Alaska Air, maintaining a price target of $90.00, even though the airline’s shares have dropped 25% since a September earnings preannouncement. UBS’s continued confidence in the stock suggests optimism about Alaska Air’s future performance. The company is also focusing on fleet expansion and enhancing its loyalty program, aiming for significant growth in earnings by 2027. These developments indicate Alaska Air’s strategic efforts to strengthen its market position.
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