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

52.93

Mkt cap

6.8B

Volume

1.8M

High

54.00

P/E Ratio

21.00

52-wk high

54.00

Low

52.93

Div yield

N/A

52-wk low

32.00

Airline stocks, including American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, Spirit Airlines, Alaska Air Group, JetBlue Airways, and Frontier Group Holdings, rose as oil prices dropped significantly. The decline in oil prices followed Israeli airstrikes in Iran that avoided oil infrastructure, reducing fears of supply disruptions. Lower oil prices are beneficial for airlines as fuel is a major expense.

Portfolio Pulse from Vaishali Prayag

October 28, 2024 | 9:39 pm

Airline stocks are experiencing a rise in share prices due to a decrease in oil prices, which can lead to reduced operational costs for airlines.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 6:03 pm

Several Wall Street analysts have upgraded their ratings for major companies, including Nutanix, NIO, Aon, Dover Corporation, and Alaska Air Group. These upgrades reflect positive outlooks and increased price targets for these stocks.

Portfolio Pulse from Avi Kapoor

October 28, 2024 | 2:15 pm

Melius Research has upgraded Alaska Air Group (NYSE:ALK) from Hold to Buy, setting a price target of $56.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:18 pm

The DOJ and DOT have launched a public inquiry into airline competition, focusing on mergers, pricing, and rewards practices. This follows the DOJ's recent blocking of the JetBlue-Spirit merger. Spirit Airlines is in financial trouble and may merge with Frontier. The inquiry could impact major airlines and related companies.

Portfolio Pulse from Erica Kollmann

October 26, 2024 | 3:30 pm

The Justice Department and Department of Transportation have launched a public inquiry into competition in the air travel industry, focusing on consolidation, anticompetitive conduct, and other issues affecting air travel availability and affordability.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:10 pm

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

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