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

Alaska Air Group Inc (NYSE:ALK) has acquired a 19-acre training facility in Renton, Washington, from Unico Properties for $85.75 million. The facility, originally built by Boeing Co (NYSE:BA), will centralize training for Alaska Airlines' staff and will undergo $100 million in renovations. The move aims to enhance training and operational efficiency.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 10:54 am

Alaska Airlines has purchased a 19-acre property from Unico Properties for $85.75 million, which includes a 600,000-square-foot facility. The airline plans to invest an additional $100 million to renovate the space and open a new training hub in 2025.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:51 pm

Boeing Company (NYSE:BA) and a union representing its firefighters have reached a tentative contract agreement, potentially ending a lockout that began in early May. The agreement will be voted on Thursday, and if approved, firefighters will return to work on Saturday. Boeing's stock has declined over 14% in the past year, and the company is also negotiating with the International Association of Machinists and Aerospace Workers (IAM) for a new contract. Boeing's 737 MAX production has decreased due to intensified FAA inspections. Investors can gain exposure to Boeing via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 11:45 am

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).

Portfolio Pulse from Shivani Kumaresan

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

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