The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Alaska Air Group Inc. (NYSE:ALK) is one of the best industrial stocks to buy in 2026. On April 20, Alaska Air Group Inc. (NYSE:ALK) suspended its 2026 financial guidance in response to the war in Iran triggering unpredictable changes in oil prices.

ESB Professional/Shutterstock.com

The airline expects oil prices to average $4.75 a gallon in April and $4.50 in the second quarter, which is expected to result in an additional $600 million in expenses. Higher energy prices will also result in a $3.60 headwind to earnings per share.

The warning came on the heels of the company delivering a wider-than-expected loss of $193 million, or $1.69 a share, compared to a loss of $166 million a year earlier. Revenue, on the other hand, was up 1% to $3.3 billion compared to $3.14 billion a year earlier, as premium demand continued to outperform. The first-quarter results were impacted by higher fuel prices and demand disruptions caused by rainstorms in Hawaii and civil unrest in Puerto Vallarta.

Alaska Air Group, Inc. (NYSE:ALK) is a major airline holding company parent to Alaska Airlines, Hawaiian Airlines, and Horizon Air that operates over 1,400 daily flights to more than 140 destinations across North America, Central America, Asia, and the Pacific. It provides passenger and cargo air transportation, focusing on West Coast connectivity and premium leisure travel.

While we acknowledge the potential of ALK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Stocks Positioned for Breakout Growth and Top 30 S&P 500 Stocks by Index Weight.

Disclosure: None. Follow Insider Monkey on Google News.