Alaska Air Group, Inc.
US ˙ NYSE ˙ US0116591092

SecurityALK / Alaska Air Group, Inc.
InstitutionLazard Asset Management Llc
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Lazard Asset Management Llc closes position in ALK / Alaska Air Group, Inc.

On February 17, 2026 - Lazard Asset Management Llc filed a 13F-HR form disclosing ownership of 0 shares of Alaska Air Group, Inc. (US:ALK) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 13,561 shares of Alaska Air Group, Inc.. The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F ALASKA AIR GROUP COM 011659109 0 -100.00 0
2025-11-14 2025-09-30 13F ALASKA AIR GROUP COM 011659109 13,561 925 7.32 675 0.0009
2025-08-14 2025-06-30 13F ALASKA AIR GRP Common Stock 011659109 12,636 111 0.89 1 0.0009
2025-05-15 2025-03-31 13F ALASKA AIR GRP Common Stock 011659109 12,525 10,838 642.44 1 0.0009
2025-02-14 2024-12-31 13F ALASKA AIR GRP Common Stock 011659109 1,687 -2,318 -57.88 0 0.0002
2024-11-14 2024-09-30 13F ALASKA AIR GRP Common Stock 011659109 4,005 4,005 0 0.0002
2024-08-14 2024-06-30 13F ALASKA AIR GRP Common Stock 011659109 0 -28 -100.00 0 0.0000
2024-07-09 2024-03-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 28 28 0 0.0000
2024-05-14 2024-03-31 13F ALASKA AIR GRP Common Stock 011659109 28 28 0 0.0000
2024-02-14 2023-12-31 13F ALASKA AIR GRP Common Stock 011659109 0 -3,640 -100.00 0 0.0000
2023-11-14 2023-09-30 13F ALASKA AIR GRP Common Stock 011659109 3,640 -21,189 -85.34 0 -100.00 0.0002
2023-08-15 2023-06-30 13F ALASKA AIR GRP Common Stock 011659109 24,829 -89,378 -78.26 1 -75.00 0.0016
2023-05-15 2023-03-31 13F ALASKA AIR GRP Common Stock 011659109 114,207 995 0.88 5 -99.92 0.0063
2023-02-15 2022-12-31 13F ALASKA AIR GRP Common Stock 011659109 113,212 3,696 3.37 4,861 13.39 0.0067
2022-11-14 2022-09-30 13F ALASKA AIR GRP Common Stock 011659109 109,516 -6,244 -5.39 4,287 -7.53 0.0063
2022-08-09 2022-06-30 13F ALASKA AIR GRP Common Stock 011659109 115,760 -19,780 -14.59 4,636 -41.03 0.0063
2022-05-13 2022-03-31 13F ALASKA AIR GRP Common Stock 011659109 135,540 -4,098 -2.93 7,862 8.07 0.0091
2022-02-09 2021-12-31 13F ALASKA AIR GRP Common Stock 011659109 139,638 44,611 46.95 7,275 30.66 0.0077
2021-11-15 2021-09-30 13F ALASKA AIR GRP Common Stock 011659109 95,027 11,673 14.00 5,568 10.76 0.0063
2021-08-12 2021-06-30 13F ALASKA AIR GRP Common Stock 011659109 83,354 -2,713 -3.15 5,027 -15.60 0.0056
2021-05-14 2021-03-31 13F ALASKA AIR GRP Common Stock 011659109 86,067 -3,473 -3.88 5,956 27.92 0.0072
2021-02-11 2020-12-31 13F ALASKA AIR GRP Common Stock 011659109 89,540 2,300 2.64 4,656 45.73 0.0059
2020-11-13 2020-09-30 13F ALASKA AIR GRP Common Stock 011659109 87,240 -1,309 -1.48 3,195 -0.47 0.0045
2020-08-13 2020-06-30 13F ALASKA AIR GRP Common Stock 011659109 88,549 -25,416 -22.30 3,210 -1.05 0.0049
2020-05-14 2020-03-31 13F ALASKA AIR GRP Common Stock 011659109 113,965 95 0.08 3,244 -57.95 0.0059
2020-02-13 2019-12-31 13F ALASKA AIR GRP Common Stock 011659109 113,870 -32,640 -22.28 7,714 -18.88 0.0110
2019-11-14 2019-09-30 13F ALASKA AIR GRP Common Stock 011659109 146,510 -13,806 -8.61 9,509 -7.18 0.0156
2019-08-14 2019-06-30 13F ALASKA AIR GRP Common Stock 011659109 160,316 -18,684 -10.44 10,245 1.99 0.0166
2019-08-28 2019-03-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 179,000 72,930 68.76 10,045 55.64 0.0164
2019-05-13 2019-03-31 13F ALASKA AIR GRP Common Stock 011659109 179,000 72,930 10,045
2019-08-28 2018-12-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 106,070 -33,460 -23.98 6,454 -32.83 0.0119
2019-02-13 2018-12-31 13F ALASKA AIR GRP Common Stock 011659109 106,070 -33,460 6,454
2019-08-30 2018-09-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 139,530 -5,900 -4.06 9,608 9.41 0.0155
2018-11-13 2018-09-30 13F ALASKA AIR GRP Common Stock 011659109 139,530 -5,900 9,608
2019-08-30 2018-06-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 145,430 30,897 26.98 8,782 23.76 0.0153
2018-08-13 2018-06-30 13F ALASKA AIR GRP Common Stock 011659109 145,430 30,897 8,782
2019-08-28 2018-03-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 114,533 -49,812 -30.31 7,096 -41.26 0.0121
2018-05-14 2018-03-31 13F ALASKA AIR GRP Common Stock 011659109 114,533 -49,812 7,096
2019-08-28 2017-12-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 164,345 -39,133 -19.23 12,081 -22.15 0.0207
2018-02-13 2017-12-31 13F ALASKA AIR GRP Common Stock 011659109 164,345 -39,133 12,081
2019-08-19 2017-09-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 203,478 39,697 24.24 15,519 5.57 0.0281
2017-11-13 2017-09-30 13F ALASKA AIR GRP Common Stock 011659109 203,478 40,036 15,519
2019-08-19 2017-06-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 163,781 -39,743 -19.53 14,700 -21.68 0.0276
2017-08-11 2017-06-30 13F ALASKA AIR GRP Common Stock 011659109 163,442 -40,082 14,670
2019-08-13 2017-03-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 203,524 -11,356 -5.28 18,768 -1.56 0.0354
2017-05-12 2017-03-31 13F ALASKA AIR GRP Common Stock 011659109 203,383 -11,347 18,755
2019-07-30 2016-12-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 214,880 -65,084 -23.25 19,066 3.41 0.0389
2017-02-13 2016-12-31 13F ALASKA AIR GRP Common Stock 011659109 214,730 -65,023 19,052
2019-08-07 2016-09-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 279,964 7,116 2.61 18,438 15.93 0.0366
2016-11-14 2016-09-30 13F ALASKA AIR GRP Common Stock 011659109 279,753 7,095 18,424
2019-07-29 2016-06-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 272,848 -97,486 -26.32 15,904 -47.64 0.0336
2016-08-15 2016-06-30 13F ALASKA AIR GRP Common Stock 011659109 272,658 -97,676 15,893
2019-07-25 2016-03-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 370,334 190,093 105.47 30,374 109.32 0.0663
2016-05-12 2016-03-31 13F ALASKA AIR GRP Common Stock 011659109 370,168 189,927 30,361
2019-07-24 2015-12-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 180,241 2,639 1.49 14,511 2.84 0.0332
2016-02-12 2015-12-31 13F ALASKA AIR GRP Common Stock 011659109 180,097 2,495 14,499
2019-07-15 2015-09-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 177,602 -91,718 -34.06 14,110 -18.68 0.0337
2015-11-13 2015-09-30 13F ALASKA AIR GRP Common Stock 011659109 177,446 -91,874 14,098
2019-07-08 2015-06-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 269,320 31,354 13.18 17,352 10.19 0.0364
2015-08-13 2015-06-30 13F ALASKA AIR GRP Common Stock 011659109 269,115 31,149 17,339
2015-06-09 2015-03-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 237,966 97,248 69.11 15,748 87.28 0.0339
2015-05-15 2015-03-31 13F ALASKA AIR GRP Common Stock 011659109 237,966 15,748
2019-08-29 2014-12-31 13F/A-3 ALASKA AIR GRP Common Stock 011659109 140,718 -139,510 -49.78 8,409 -31.08 0.0180
2015-05-20 2014-12-31 13F/A-1 ALASKA AIR GRP Common Stock 011659109 117,793 -22,925 7,039 0.0136
2015-06-09 2014-12-31 13F/A-2 ALASKA AIR GRP Common Stock 011659109 140,583 22,790 8,401 0.0192
2014-11-07 2014-09-30 13F ALASKA AIR GRP Common Stock 011659109 280,228 169,666 153.46 12,201 16.11 0.0262
2014-08-12 2014-06-30 13F ALASKA AIR GRP Common Stock 011659109 110,562 -7,222 -6.13 10,508 -4.39 0.0220
2014-05-12 2014-03-31 13F ALASKA AIR GRP Common Stock 011659109 117,784 -32,382 -21.56 10,990 -0.25 0.0245
2014-02-14 2013-12-31 13F ALASKA AIR GRP Common Stock 011659109 150,166 -49,292 -24.71 11,017 -11.79 0.0245
2014-01-13 2013-09-30 13F/A-1 ALASKA AIR GRP Common Stock 011659109 199,458 68,989 52.88 12,490 84.11 0.0296
2013-11-13 2013-09-30 13F ALASKA AIR GRP Common Stock 011659109 199,458 12,490
2013-08-13 2013-06-30 13F ALASKA AIR GRP Common Stock 011659109 130,469 130,469 6,784 0.0161
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.