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Here's Why Investors Should Avoid Alaska Air Group Stock for Now

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Key Takeaways

  • ALK's Q2 2025 operating expenses surged 33% year over year, driven by labor and maintenance costs.
  • The company's current ratio dropped to 0.52 in Q2 2025, signaling deteriorating liquidity strength.
  • Broker sentiment has weakened, with ALK's September quarter earnings estimate cut by 17.8% in 60 days.

Alaska Air Group (ALK - Free Report) is facing significant challenges from surging operating expenses and a deteriorating liquidity position, which are affecting the company’s bottom line and making it an unattractive choice for investors’ portfolios.

Let’s delve deeper.

ALK: Key Risks to Watch

Southward Earnings Estimate Revision: The Zacks Consensus Estimate for the September quarter earnings has been revised 17.8% downward in the past 60 days. Meanwhile, for 2025, the consensus mark for earnings has been revised 10.7% downward in the same time frame.

The unfavorable estimate revision indicates brokers’ lack of confidence in the stock.

Dim Price Performance:  The company’s price trend reveals that its shares have plunged 24.1% in the year-to-date period against the Transportation - Airline industry’s 5.5% rise.

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Weak Zacks Rank: ALK currently has a Zacks Rank #4 (Sell).

Bearish Industry Rank: The industry to which ALK belongs currently has a Zacks Industry Rank of 177 (out of 243). Such an unfavorable rank places it in the bottom 27% of Zacks Industries. Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.

A mediocre stock within a strong group is likely to outperform a robust stock in a weak industry. Reckoning the industry’s performance becomes imperative.

Headwinds: Alaska Air Group is facing mounting pressure on its bottom line as rising expenses continue to strain its financial stability. In the second quarter of 2025, total operating expenses surged 33% year over year, driven primarily by escalating labor and maintenance costs.

Labor costs, which include salaries and benefits, accounted for 34% of total expenses and climbed 49% from the prior year, while maintenance expenses jumped 86% year over year. These rising costs are weighing heavily on the company’s profitability and overall financial health.

Adding to the concern, Alaska Air Group’s liquidity position has weakened over time. The company’s current ratio declined from 0.98 in 2021 to 0.61 in 2024, and further fell to 0.52 in the second quarter of 2025, raising questions about its ability to meet short-term obligations.

Stocks to Consider

Investors interested in the Zacks Transportation sector may consider Global Ship Lease (GSL - Free Report) and Wabtec (WAB - Free Report) .

GSL currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

GSL has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.16%.

A look at the company’s price trend reveals that its shares have surged 29.9% in the year-to-date period, surpassing the  Zacks Transportation - Shipping industry’s 0.4% growth.

WAB currently carries a Zacks Rank #2.

Wabtec has an expected earnings growth rate of 17.59% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in three of the trailing four quarters, and missed in the remaining, delivering an average beat of 5.41%.

A look at the company’s price trend reveals that its shares have risen 4.1% in a year against the  Zacks Transportation - Equipment and Leasing industry’s 18.1% fall.


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