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

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Portfolio Pulse from Shivani Kumaresan

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Airbnb and Norwegian Cruise Holdings received analyst upgrades, signaling potential growth in the travel and leisure sector. ETFs tracking this sector have underperformed compared to the broader market, but improving outlooks are drawing investor interest.

Portfolio Pulse from Piero Cingari

May 28, 2024 | 5:17 pm

Boeing Co (NYSE: BA) has seen a 500% increase in safety concerns raised by employees following a mid-air cabin panel blowout on an Alaska Air Group Inc (NYSE: ALK) 737 MAX 9 in January 2024. This incident has led to U.S. regulators restricting production levels of Boeing’s 737 MAX jets. Boeing's stock has declined over 14% in the last 12 months and is trading lower by 0.64% at $171.11. Investors can gain exposure to Boeing via IShares U.S. Aerospace & Defense ETF (BATS: ITA) and Invesco Aerospace & Defense ETF (NYSE: PPA).

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May 24, 2024 | 3:14 pm

Airlines are urging the FAA to increase air traffic controller staffing, citing the need for urgent hiring to address current shortages.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:35 pm

This week saw significant political and corporate news, including Chuck Schumer urging the FTC to reconsider the Chevron-Hess merger, and major airlines suing the Biden administration over new fee regulations.

Portfolio Pulse from Benzinga Neuro

May 19, 2024 | 11:00 am

Analysts have provided mixed ratings for Alaska Air Group (NYSE: ALK) over the past quarter, with a notable increase in the average 12-month price target from $46.00 to $53.14. Recent actions include several analysts raising their price targets and ratings, reflecting a more optimistic outlook.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 7:01 pm

Spirit AeroSystems (SPR) is laying off 400-450 employees due to a production slowdown at Boeing (BA), its largest client. The layoffs are linked to quality issues with the 737 MAX jets and delays in Boeing's acquisition of Spirit. Boeing has reduced production rates, impacting Spirit's operations. Spirit's stock has gained over 24% in the last 12 months, and investors can gain exposure through ETFs like XAR and ITA.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 1:40 pm

Wolfe Research has upgraded Alaska Air Group (NYSE:ALK) from Peer Perform to Outperform and set a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 11:42 am

Major airline stocks, including Boeing, United Airlines, Ryanair, and Delta, traded lower pre-market as President Biden signed the FAA Reauthorization Act into law. The Act aims to improve airline passenger experience and safety standards. Southwest Airlines and Alaska Air Group saw slight gains.

Portfolio Pulse from Pooja Rajkumari

May 17, 2024 | 10:35 am

The U.S. House of Representatives has approved a comprehensive aviation safety and consumer reform bill, which will now be sent to President Biden for approval. This legislation aims to enhance aviation safety standards and improve consumer protections.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:24 pm

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