Is Alaska Airlines stock a buy after the pilot wage increase?

It depends on risk tolerance. The wage step-up lifts costs, so revenue and productivity must offset it. Valuation is rich on TTM earnings, but analysts lean positive, and Meyka’s grade is B+. We would wait for April 22 guidance clarity on RASM versus CASM ex-fuel before adding size.

What should investors watch before April 22?

Focus on management commentary about 2025 CASM ex-fuel, fare trends, and any schedule or gauge changes on thinner West Coast routes. Also watch load factors, premium mix, and loyalty monetization. The key is whether revenue per seat mile stays ahead of non-fuel unit costs, supporting margins.

How could Alaska Airlines flights change under higher pilot pay?

We may see targeted frequency trims, retimed banks, or larger aircraft on selective lanes to spread fixed cockpit costs. Premium upsell and ancillaries could be emphasized to lift revenue per passenger. Any visible network tweaks will be read as signals on margin defense and capital discipline.

What are the key technical levels for Alaska Airlines stock now?

RSI near 46 is neutral, MACD momentum is soft, and ATR signals higher volatility. Price sits below the 20-day middle Bollinger band at 54.47, with the lower band near 48.07 as a reference. Many traders manage risk with smaller positions until momentum and trend signals improve.

Global Market Insights

ALK Stock Today, February 20: Pilot Pay Hike Puts Margins at Risk

ByHuzaifa Zahoor February 20, 2026February 20, 2026

Alaska Airlines stock is under pressure today as investors digest the 2025 pilot wage increase. New scales list first officers near $120 per hour and captains about $361 per hour, which lifts airline unit costs and could squeeze margins. The latest quote shows $52.13, down 6.6% on the day and 31.9% over 12 months. With April 22 results ahead, we will focus on RASM versus CASM ex-fuel, load factors, and pricing on Alaska Airlines flights. Here is what matters now for Alaska Airlines stock (ALK).