Alaska Air Group Q4 Earnings Preview: Revenue Growth, Earnings Surprise History, and What to Expect

Alaska Air Group (ALK) is set to report Q4 2025 earnings on Jan 22, 2026. The Zacks Consensus Estimate for EPS has been revised downward by 64.5% to 11 cents, indicating an 88.7% decline YoY. The consensus mark for revenues is pegged at $3.64 billion, indicating 3.1% YoY growth. ALK has an impressive earnings surprise history, with a 27.03% average beat in the last four quarters. The company's Q4 performance is expected to have been boosted by an uptick in total revenues, driven by high passenger revenues and an uptick in passenger volumes during the Thanksgiving holiday period. However, geopolitical uncertainty and tariff-related pressures may have weighed on operations.