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

52.44

Mkt cap

6.6B

Volume

2.3M

High

54.01

P/E Ratio

17.51

52-wk high

78.08

Low

52.31

Div yield

N/A

52-wk low

32.62

Alaska Airlines is expanding its cargo division following a merger with Hawaiian Airlines. Ian Morgan has been appointed as VP of Cargo, and Jason Berry as Executive VP of Cargo for Alaska Air Group.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:23 pm

Alaska Airlines CEO stated that a Boeing strike is unlikely to significantly impact the airline unless it is prolonged. The CEO noted improvements at Boeing and expects 737 MAX 10 deliveries by mid-2026.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 1:28 pm

Alaska Airlines has completed its acquisition of Hawaiian Airlines, expanding its network to 141 direct destinations and over 1,200 global destinations. Both brands will be maintained, and free mile transfers between loyalty programs will be offered.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:56 pm

Alaska Airlines has received regulatory clearance to proceed with its acquisition of Hawaiian Airlines. Joe Sprague, Alaska Airlines' regional president of Hawai'i/Pacific, will become CEO of Hawaiian Airlines, replacing Peter Ingram. The focus now shifts to obtaining a single operating certificate from the FAA.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 9:08 pm

The U.S. Department of Transportation has granted Alaska Airlines and Hawaiian Airlines a temporary exemption for common ownership under Alaska Air Group. This is pending a final decision on the transfer of route authority.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 6:26 pm

In the past three months, five analysts have provided ratings for Alaska Air Group (NYSE:ALK), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $53.2, slightly down from $53.8. Analysts have adjusted their ratings and price targets based on market conditions and company performance.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 5:00 pm

B of A Securities analyst Andrew Didora maintains a Buy rating on Alaska Air Group (NYSE:ALK) and raises the price target from $50 to $55.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 4:57 pm

TD Cowen analyst Helane Becker maintains a Buy rating on Alaska Air Group (NYSE:ALK) and raises the price target from $51 to $52.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:13 pm

An Alaska Airlines plane in Nashville aborted takeoff to prevent a potential runway collision. No injuries were reported, and the incident was managed safely.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:41 pm

Alaska Air Group (NYSE:ALK) has raised its Q3 earnings forecast significantly, projecting adjusted EPS between $2.15 and $2.25, surpassing the analyst consensus of $1.60. This is attributed to strong summer travel demand and lower fuel costs. ALK shares rose 4.33% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 12:02 pm

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