Streetbeat News

ALK

Alaska Air Group, Inc.

https://www.alaskaair.com

Industry

Airlines, Airports & Air Services

Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

Open

51.50

Mkt cap

6.4B

Volume

1.6M

High

52.15

P/E Ratio

20.31

52-wk high

52.15

Low

50.99

Div yield

N/A

52-wk low

32.00

Analysts have mixed ratings for Alaska Air Group (NYSE:ALK), with a recent increase in the average 12-month price target to $51.43. The company shows strong financial performance with a 2.08% revenue growth, a net margin of 7.59%, and a debt-to-equity ratio of 0.92.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 7:01 pm

A federal judge in Seattle has ordered Alaska Airlines to rehire a mechanic who was fired for testing positive for cannabis, highlighting the tension between state and federal laws. The court upheld an arbitration decision favoring the mechanic, emphasizing the evolving legal landscape of cannabis use.

Portfolio Pulse from Patricio Liddle

October 21, 2024 | 3:53 pm

Alaska Air Group reports that the strong revenue trends from Q3 are continuing into Q4, with robust advanced bookings for both Alaska and Hawaiian networks.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:01 pm

Alaska Air Group has announced that its Q3 results will reflect the consolidated financial and operational performance following the acquisition of Hawaiian Holdings. The company now expects its Q3 combined results to be on the better end of the previously guided EPS range.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:01 pm

Airline stocks are experiencing a rise in share prices following United Airlines' strong earnings report and announcement of a stock buyback.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 4:03 pm

Alaska Airlines is enhancing its Mileage Plan for 2025 by introducing new perks, faster elite status earning, and expanded options for earning and redeeming miles. Additionally, Alaska Airlines and Hawaiian Airlines are merging, resulting in a single loyalty program.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:21 pm

Airline stocks are experiencing a rise in share prices due to reduced fears from Hurricane Milton and a decrease in fuel costs, a significant expense for the industry.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:12 pm

Susquehanna analyst Christopher Danely maintains a Neutral rating on Alaska Air Group (NYSE:ALK) but raises the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:29 pm

Analysts have mixed ratings for Alaska Air Group (NYSE:ALK) with a recent average price target of $53.0, down from $54.43. The company shows strong financial metrics like a 7.59% net margin and a 5.36% ROE, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 1:00 pm

Evercore ISI Group has maintained an 'Outperform' rating on Alaska Air Group (NYSE:ALK) but has lowered the price target from $60 to $55.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:56 pm

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