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

Earnings reports for April 18, 2024, include a wide range of companies across various sectors. Notable mentions include Nokia, Taiwan Semiconductor, and Netflix, with expectations of earnings per share at $0.06, $1.31, and $4.50 respectively. Other companies like Alaska Air Gr and Ally Financial are also set to report, indicating a diverse earnings day across technology, finance, and consumer sectors.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:10 pm

Wall Street anticipates breaking a 4-day losing streak, fueled by optimism from Fed speeches and upcoming Netflix earnings. Futures are up, with SPY and QQQ showing premarket gains. Analysts suggest the S&P 500's volatility doesn't signal major concern, highlighting strong sectors and advising portfolio rebalancing in light of persistent inflation. Economic data and Fed comments today could further influence markets. Stocks like JBL and MU are in focus due to positive premarket activity and potential CHIPS Act grants, respectively.

Portfolio Pulse from Shanthi Rexaline

April 18, 2024 | 10:55 am

Air Group's Q1 operations and financial results were significantly impacted by Flight 1282 and the grounding of the Boeing 737-9 MAX. The company received $162 million in compensation from Boeing for the financial damages incurred.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:25 am

Alaska Air (ALK) forecasts its 2024 EPS to be between $3.25 and $5.25, which is below the consensus estimate of $6.07. The company expects its capacity, measured in ASMs, to increase by less than 3% and plans for capital expenditures of $1.2 billion to $1.3 billion.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:22 am

Alaska Air anticipates its Q2 earnings per share (EPS) to be between $2.20 and $2.40, surpassing the consensus estimate of $2.12. The airline expects its available seat miles (ASMs) to increase by 5% to 7% and forecasts its economic fuel cost per gallon to be in the range of $3.00 to $3.20.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:19 am

Alaska Air Group reported Q1 2024 adjusted EPS of $(0.92), surpassing the $(1.05) estimate, with sales of $2.232B exceeding the $2.190B forecast. This represents a 48.39% decrease in losses per share compared to last year, and a 1.64% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:13 am

Today's whale activity in the Industrials sector highlighted significant options trading across various companies, indicating potential trading opportunities. Notable trades included bearish calls on DAY and UPS, neutral puts on ARRY and STRL, bearish puts on BA and LYFT, bullish calls on ALK and SNA, and neutral calls on NXT and ETN. These activities suggest diverse market sentiments and potential strategic moves by large investors.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:35 pm

Alaska Air Group, Inc. (ALK) is set to report Q1 earnings with analysts expecting a revenue of $2.19 billion and a loss of $1.05 per share. The report will also address safety concerns with Boeing (BA) planes, the impact of a merger with Hawaiian Holdings (HA), and a recent system upgrade issue. Alaska Air previously anticipated a $150 million negative impact from grounding Boeing planes. The merger is under antitrust review, with a lawsuit filed alleging it could harm competition. Delta Air Lines (DAL) and United Airlines Holdings (UAL) reported better-than-expected results, potentially influencing ALK's performance.

Portfolio Pulse from Chris Katje

April 17, 2024 | 5:29 pm

Alaska Airlines announced that the ground stop on its aircraft has been lifted and flights have begun to be released. However, residual delays are expected to continue throughout the day.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:49 pm

Alaska Airlines encountered a system issue during an upgrade to its weight and balance calculation system, leading to a ground stop for all Alaska and Horizon flights starting around 7:50 am PT on Wednesday. The airline is actively working to resolve the problem as quickly as possible.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:17 pm

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