Alaska Air Expands Future Fleet with Major Boeing Order
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Alaska Air ( (ALK) ) has provided an update.
On December 31, 2025, Alaska Airlines finalized a significant fleet expansion with Boeing, ordering 53 additional 737-10 aircraft for delivery between 2032 and 2035, exercising options for 52 more 737-10s scheduled between 2028 and 2032, and adding 35 further 737-10 options to its long-term purchase pipeline. On the same date, the airline also exercised options for five 787 aircraft slated for delivery between 2031 and 2032, moves that collectively underscore a long-range fleet and capacity growth strategy that will shape Alaska’s network and service capabilities well into the next decade; Alaska Air Group subsequently announced the aircraft order in a press release on January 7, 2026.
The most recent analyst rating on (ALK) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Alaska Air stock, see the ALK Stock Forecast page.
Spark’s Take on ALK Stock
According to Spark, TipRanks’ AI Analyst, ALK is a Neutral.
Alaska Air’s overall stock score reflects a challenging environment with high leverage and cash flow issues, compounded by technical indicators suggesting overbought conditions. The high P/E ratio indicates potential overvaluation, and recent corporate events have introduced additional risks. Despite these challenges, the company is on a recovery path with strategic initiatives that could improve long-term prospects.
To see Spark’s full report on ALK stock, click here.
More about Alaska Air
Alaska Airlines, a subsidiary of Alaska Air Group, operates as a major U.S. passenger airline, providing domestic and select international air travel services with a primary focus on North American routes. The carrier relies heavily on Boeing aircraft for its single-aisle and long-haul fleet, aligning its operations around fuel-efficient jets to support growth and competitiveness in the commercial aviation market.
Average Trading Volume: 3,361,153
Technical Sentiment Signal: Buy
Current Market Cap: $6.03B
See more insights into ALK stock on TipRanks’ Stock Analysis page.
