they lowered their estimates yesterday. Shame that Yahoo does not show such an important news. But most of the analyst reiterated their Buy status and kept PT same i.e. around $70.
Here's excerpt from BofAML: They maintain Buy rating at $70.
Lowering 2Q13 to $1.45 from $1.80 (street $1.71)and CY13 to $5.50 from $6.25 (street $5.64) on lower than expected yield. 50% supply increases in Alaskan markets (20% of asm) overwhelming cuts intra-West Coast (35%) and diminished Hawaii pressure. Even after cut, ALK at 7.5x pretax and 5.0X ebitdar, a 10% discount to sector despite higher ROIC and consistent buybacks.