BMO Capital Maintains Alaska Air Outperform Rating Despite Q3 Losses

Key Facts

1BMO Capital maintained an Outperform rating on Alaska Air Group shares with the stock trading at $34.97.

2The company reported a $147 million Q3 loss as higher fuel costs offset double-digit revenue growth.

3The company forecast a larger-than-expected fourth-quarter loss due to rising fuel expenses.

BMO Capital maintained an Outperform rating on Alaska Air Group shares with the stock trading at $34.97, according to Financial Modeling Prep. The company reported a $147 million loss for the third quarter as higher fuel costs offset double-digit revenue growth, The Wall Street Journal reported. Reuters further noted that the airline forecasts a larger-than-expected loss for the fourth quarter due to the ongoing rise in fuel expenses.

ALK closed at $33.54 on October 21, 2026, prior to the rating affirmation which saw the stock trading at higher levels. These financial pressures emerge as rising operational costs continue to impact the aviation sector, leading management to signal a cautious outlook for the remainder of the fiscal year despite strong top-line sales performance.