Alaska Air Group Management
Management criteria checks 3/4
Alaska Air Group's CEO is Ben Minicucci, appointed in Mar 2021, has a tenure of 5.08 years. total yearly compensation is $9.90M, comprised of 8.6% salary and 91.4% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $8.87M. The average tenure of the management team and the board of directors is 5.1 years and 7.5 years respectively.
Key information
Ben Minicucci
Chief executive officer
US$9.9m
Total compensation
| CEO salary percentage | 8.56% |
| CEO tenure | 5.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5.1yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
ALK: Fuel Cost Uncertainty And 2025 Demand Outlook Will Shape Repricing
Analysts have lowered the Alaska Air Group fair value estimate by $1.50 to $41.00 as they recalibrate price targets in response to updated fuel cost assumptions, slightly softer margin expectations, and refreshed P/E inputs across recent research. Analyst Commentary Recent Street research around Alaska Air Group reflects a mixed backdrop, with several Bearish analysts trimming price targets and reassessing their assumptions on fuel, margins, and earnings power.ALK: Late 2025 Demand And Fuel Risk Reset Will Drive Repricing
Analysts have reset the fair value estimate for Alaska Air Group to $42.50 from $60.00 after updating assumptions around discount rates, revenue growth, margins, and future P/E multiples following a series of price target revisions across the Street. Analyst Commentary Recent Street research paints a mixed picture for Alaska Air Group, with several firms revisiting their price targets and assumptions.
ALK: Late 2025 Demand Momentum And Capacity Discipline Will Support Upside
The analyst price target for Alaska Air Group has been adjusted slightly higher, reflecting a fair value estimate change from $86.64 to $86.98, as analysts update their views on revenue growth, margins, and future P/E assumptions following mixed but generally constructive recent research commentary on the airline sector. Analyst Commentary Recent Street research on Alaska Air Group reflects a mix of price target increases and reductions, with bullish analysts still highlighting potential upside tied to execution, demand trends, and the balance between costs and pricing.ALK: Late 2025 Demand Momentum And 2026 Guidance Will Support Upside
Analysts have trimmed their price target on Alaska Air Group by $9 to $54, reflecting higher assumed fuel costs and more cautious expectations for margin expansion, even as some research points to supportive demand and a relatively constructive setup into 2026. Analyst Commentary Recent Street research around Alaska Air Group reflects a mix of caution on costs and optimism on demand, with price targets moving in both directions as firms refresh their models for fuel and 2026 guidance.ALK: Late 2025 Demand Momentum And 2026 Guidance Will Drive Upside
Narrative Update The analyst price target for Alaska Air Group has been revised higher by about $5.60, with analysts pointing to updated assumptions around demand trends, margin expectations, and a higher forward P/E multiple supported by recent Street research. Analyst Commentary Recent Street research on Alaska Air Group has leaned positive, with several bullish analysts lifting their price targets into the high US$60s to US$70 range.ALK: Late 2025 Demand And Q4 Guidance Will Shape Balanced Outlook
Analysts have modestly raised their blended price targets on Alaska Air Group into the high US$60s, reflecting updated assumptions for slightly higher revenue and profit margins. These revisions are supported by improving demand expectations and an outlook that Q4 earnings and 2026 guidance could reset expectations versus current consensus.Alaska Air Group: A Look Back At The Past Year
Feb 02ALK: Late 2025 Demand And Route Expansion Will Shape Bullish Outlook
Analysts have raised their price target on Alaska Air Group to US$60 from about US$51.37, citing expectations for stronger demand in late 2025, a constructive airline setup into 2026, and more supportive assumptions on revenue growth and future P/E, even with more conservative profit margin inputs. Analyst Commentary Recent research on Alaska Air Group has clustered around higher price targets in the US$65 to US$70 range, with several firms updating their views as part of Q4 earnings previews and broader airline sector outlooks.ALK: Multi Year Route Expansion And Fuel Costs Will Shape Outlook
The Analyst Price Target for Alaska Air Group has been revised from US$49.00 to about US$51.37, as analysts point to recent target hikes and a more constructive multi year outlook supported by expectations around brand loyalty, diverse revenue streams, and updated earnings estimates into 2026. Analyst Commentary Recent research on Alaska Air Group has centered on updated price targets and fresh earnings previews through 2026.
ALK: Technology Driven Merchandising Will Support Future Upside Despite Fuel Headwinds
Analysts have nudged their average price target on Alaska Air Group slightly lower to approximately $65.47 from about $65.71, reflecting modestly improved long term revenue growth and margin assumptions, offset by a lower valuation multiple and discount rate. Analyst Commentary Recent research updates on Alaska Air Group highlight a mixed but generally constructive outlook, with price target changes reflecting shifting views on earnings power, fuel cost exposure, and the broader airline demand backdrop.ALK: Premium Seats And Loyalty Expansion Will Drive Future Upside Potential
Analysts have modestly lifted their consolidated price target for Alaska Air Group to about $65. The move reflects updated estimates following recent quarterly results, shifting fuel cost assumptions, and growing conviction in the carrier's long term earnings power amid strengthening corporate demand and loyalty driven initiatives.ALK: Premium Seat Expansion And Loyalty Program Growth Will Drive Future Strength
Alaska Air Group's analyst price target was revised slightly downward, from $67 to approximately $66.79, as analysts weighed recent earnings results, evolving sector dynamics, and the impact of higher costs on updated forecasts. Analyst Commentary Bullish Takeaways Bullish analysts highlighted Alaska Air's potential for earnings growth.ALK: Premium Seat Expansion And International Routes Will Drive Future Upside
Analysts have reduced their fair value estimate for Alaska Air Group from $68.93 to $67.00. This reflects a cautious outlook, as recent Street research points to higher fuel costs, more challenging earnings forecasts, and ongoing industry headwinds, balanced by select optimism regarding corporate demand and strategic initiatives.Seattle Expansion And Hawaiian Integration Will Create Lasting Value
The analyst price target for Alaska Air Group was revised slightly downward by $1 to $68.93, as analysts cited factors such as higher jet fuel costs and recent earnings guidance for the adjustment. Analyst Commentary Recent analyst commentary has reflected both optimism and caution regarding Alaska Air Group’s prospects, based on evolving market dynamics, company-specific developments, and updated earnings guidance.Seattle Expansion And Hawaiian Integration Will Create Lasting Value
Analysts have slightly reduced their price target for Alaska Air Group, now projecting fair value at approximately $69.93 per share compared to the previous estimate of $71.36. They cite updated forecasts that balance ongoing cost headwinds with optimism for long-term growth and competitive positioning.Seattle Expansion And Hawaiian Integration Will Create Lasting Value
Analysts have raised their price target for Alaska Air Group to $71.36, citing strengthening corporate demand, competitive easing, and long-term earnings tailwinds that outweigh near-term cost headwinds. Analyst Commentary Bullish analysts cite accelerating corporate demand and easing competitive pressures as key drivers of improved outlook and de-risked near-term performance.Seattle Expansion And Hawaiian Integration Will Create Lasting Value
Analysts have raised Alaska Air Group’s price target modestly—from $65.21 to $66.29—citing improving demand, a favorable competitive environment, and increased confidence in management’s disciplined handling of strategic changes. Analyst Commentary Bullish analysts cite improving demand trends and favorable competitive capacity developments, boosting confidence in Alaska Air’s forward earnings outlook.Alaska Air Group: Shares Plunge Due To Economic Uncertainty
Apr 24Alaska Air Group: A High-Flying Bargain
Mar 11Alaska Airlines: Solid Q4 But A Hold For Now
Jan 28
Acquisition Of Hawaiian Airlines Will Unlock Significant Synergies And Expand Global Reach
Integration with Hawaiian Airlines and network expansion are key strategies to boost revenue and earnings growth through synergies and international market reach.Alaska Airlines Maps A Stronger Future
Jan 17Alaska Airlines Stock Surges 15% On Bullish Outlook
Dec 10Alaska Air Group: Post-Hawaiian Perils
Nov 12Alaska Air Group: What Is The Stock Worth After Hawaiian Airlines Takeover?
Sep 26The World Opens To Alaska Airlines With Its Merger Approval
Sep 19Alaska Airlines And Hawaiian Airlines Move Closer To Merger Approval After DoJ Review
Aug 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$73m |
| Dec 31 2025 | US$10m | US$848k | US$100m |
| Sep 30 2025 | n/a | n/a | US$150m |
| Jun 30 2025 | n/a | n/a | US$313m |
| Mar 31 2025 | n/a | n/a | US$361m |
| Dec 31 2024 | US$9m | US$705k | US$395m |
| Sep 30 2024 | n/a | n/a | US$322m |
| Jun 30 2024 | n/a | n/a | US$225m |
| Mar 31 2024 | n/a | n/a | US$245m |
| Dec 31 2023 | US$10m | US$638k | US$235m |
| Sep 30 2023 | n/a | n/a | US$259m |
| Jun 30 2023 | n/a | n/a | US$160m |
| Mar 31 2023 | n/a | n/a | US$59m |
| Dec 31 2022 | US$6m | US$601k | US$58m |
| Sep 30 2022 | n/a | n/a | US$54m |
| Jun 30 2022 | n/a | n/a | US$208m |
| Mar 31 2022 | n/a | n/a | US$466m |
| Dec 31 2021 | US$5m | US$572k | US$478m |
| Sep 30 2021 | n/a | n/a | US$13m |
| Jun 30 2021 | n/a | n/a | -US$612m |
| Mar 31 2021 | n/a | n/a | -US$1b |
| Dec 31 2020 | US$5m | US$254k | -US$1b |
| Sep 30 2020 | n/a | n/a | -US$696m |
| Jun 30 2020 | n/a | n/a | US$57m |
| Mar 31 2020 | n/a | n/a | US$533m |
| Dec 31 2019 | US$4m | US$542k | US$769m |
Compensation vs Market: Ben's total compensation ($USD9.90M) is above average for companies of similar size in the US market ($USD7.12M).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
CEO
Ben Minicucci (58 yo)
5.1yrs
Tenure
US$9,904,339
Compensation
Mr. Benito Minicucci, also known as Ben, has been Director of Alaska Air Group, Inc., since May 7, 2020 and serves as its President and CEO since March 31, 2021. He serves as President since May 2016 and C...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.1yrs | US$9.90m | 0.21% $ 8.9m | |
| CFO & Executive VP of Finance | 6.1yrs | US$4.51m | 0.041% $ 1.8m | |
| EVP of Corp. & Public Affairs | 10.3yrs | US$3.15m | 0.034% $ 1.4m | |
| Executive VP & Chief Commercial Officer of Alaska Airlines Inc | no data | US$4.18m | 0.028% $ 1.2m | |
| Independent Director | no data | US$240.80k | 0.017% $ 706.1k | |
| Senior Vice President of Operations | less than a year | no data | no data | |
| VP of Finance and Treasury | 4yrs | no data | 0.014% $ 591.7k | |
| Vice President of Finance | no data | no data | no data | |
| Chief People Officer | no data | no data | no data | |
| Senior Vice President of Airport Operations & Customer Service | no data | no data | no data | |
| Managing Director of Accounting Operations | 12.3yrs | no data | no data | |
| Senior Vice President of Merchandising & Innovation of Alaska Airlines | no data | no data | no data |
5.1yrs
Average Tenure
56yo
Average Age
Experienced Management: ALK's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.9yrs | US$9.90m | 0.21% $ 8.9m | |
| Independent Director | 12.4yrs | US$240.80k | 0.017% $ 706.1k | |
| Independent Director | 13.4yrs | US$316.48k | 0.014% $ 605.8k | |
| Independent Director | 8.7yrs | US$265.49k | 0.00071% $ 30.3k | |
| Independent Non-Executive Chair | 21.3yrs | US$405.73k | 0.033% $ 1.4m | |
| Independent Director | 6.7yrs | US$348.15k | 0.0011% $ 45.6k | |
| Independent Director | 8.3yrs | US$267.99k | 0.018% $ 759.0k | |
| Independent Director | less than a year | US$242.87k | 0% $ 0 | |
| Independent Director | 5.3yrs | US$265.11k | 0.0031% $ 131.0k | |
| Independent Director | 4.5yrs | US$240.80k | 0.0056% $ 238.5k |
7.5yrs
Average Tenure
63yo
Average Age
Experienced Board: ALK's board of directors are considered experienced (7.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 21:23 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Alaska Air Group, Inc. is covered by 29 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Garrett Chase | Barclays |
| Brandon Oglenski | Barclays |
| Brandon Oglenski | Barclays |