A month has gone by since the last earnings report for Alaska Air Group (NYSE: ALK). Shares have lost about 5.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Alaska Air due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Earnings Beat at Alaska Air in Q2Alaska Air reported second-quarter 2024 earnings per share of $2.55, which outpaced the Zacks Cons…