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

Evercore ISI Group analyst Duane Pfennigwerth has maintained an Outperform rating on Alaska Air Group (ALK) and raised the price target from $55 to $65.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:21 pm

United Airlines Holdings Inc (NASDAQ:UAL) is urging pilots to take unpaid leave due to delays in aircraft deliveries from Boeing Company (NYSE:BA), impacting United's expansion plans. The delays are attributed to Boeing's production and certification issues, affecting United's 2024 forecast block hours. The situation has led to adjustments in United's expected deliveries from Boeing and has been a concern for United's CEO Scott Kirby. Boeing's CEO Dave Calhoun announced his departure amid these challenges. United Airlines' stock saw a slight increase of 0.46% to $48.10.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 5:06 pm

Hawaiian Holdings and Alaska Airlines have entered into a timing agreement with the DOJ, agreeing not to finalize their merger until 90 days after certifying compliance with a second request, unless the DOJ closes its investigation earlier.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:43 pm

Major airline executives plan to meet with Boeing's board chair Larry Kellner to discuss recent safety issues, excluding CEO David Calhoun from the talks. The concerns stem from an Alaska Air Group Inc mid-air incident and ongoing production challenges. The decision to bypass the CEO for discussions with Kellner, a former airline CEO, signals potential dissatisfaction with Boeing's leadership. The FAA has emphasized the need for safety and quality improvements at Boeing.

Portfolio Pulse from Shivani Kumaresan

March 22, 2024 | 1:20 pm

Alaska Airlines has introduced Alaska Access, a new subscription service offering exclusive deals including discounted Wi-Fi and other cost-saving benefits.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:20 pm

UBS analyst Atul Maheswari initiates coverage on Alaska Air Group (ALK) with a Buy rating and a price target of $54.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:08 am

The Airline Group has announced that U.S. airline passenger travel is expected to set a new record in March and April, with a 6% increase over 2023 levels, according to Reuters.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 6:59 pm

A LATAM flight's nosedive, initially feared to be a Boeing 787 Dreamliner malfunction, was likely caused by a cockpit seat mishap. A flight attendant accidentally activated a switch, pushing the pilot into the controls. Boeing, already under scrutiny for a separate incident with an Alaska Airlines Boeing 737 Max 9, saw its shares drop 30% since the year's start. Airline stocks, including Southwest Airlines and American Airlines, have also suffered, with the U.S. Global Jets ETF experiencing a decline.

Portfolio Pulse from Neil Dennis

March 15, 2024 | 12:46 pm

Alaska Airlines' aircraft maintenance technicians and related employees, represented by AMFA, have ratified a new five-year contract. This agreement includes increased pay, retirement contribution increases, and quality of life improvements. It was negotiated over 12 months and is part of Alaska Airlines' efforts to secure seven contracts across six represented groups since 2022. The contract, effective from October 17, 2023, aims to attract and retain skilled professionals by offering competitive benefits.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:22 pm

Boeing Co (BA) and Spirit AeroSystems (SPR) faced significant setbacks after failing multiple audits by the FAA, following an incident with an Alaska Air (ALK) 737 Max jet. Boeing's shares dropped 4.2% after the FAA's findings were publicized, which highlighted issues including a faulty door plug. Spirit AeroSystems, a supplier to Boeing, saw its shares fall 7.78% after failing several tests. Additionally, a Boeing whistleblower was found dead under suspicious circumstances, and a Boeing 787 experienced a severe midflight issue, leading to an investigation by New Zealand's TAIC.

Portfolio Pulse from Neil Dennis

March 12, 2024 | 10:01 pm

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