Alaska Air May Fly Into Headwinds With Softening of US Domestic Fares; Analyst Looking Into Booking Trends And Aircraft Deliveries
Portfolio Pulse from Nabaparna Bhattacharya
Susquehanna analyst Christopher N. Stathoulopoulos has reiterated a positive rating on Alaska Air Group, Inc. (NYSE:ALK), but lowered the price target to $58 from $65. The analyst noted concerns about softening U.S. domestic fares, growing U.S. domestic capacity, and some slippage in the company's internal expense forecasting. Alaska Air's Q2 FY23 operating revenue growth was 7% YoY to $2.84 billion, beating the consensus of $2.77 billion.
July 26, 2023 | 6:22 pm
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Alaska Air's stock may face pressure due to concerns about softening U.S. domestic fares, growing U.S. domestic capacity, and some slippage in the company's internal expense forecasting.
The analyst's concerns about softening U.S. domestic fares and growing domestic capacity could negatively impact Alaska Air's stock. Additionally, any slippage in the company's internal expense forecasting could further pressure the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100