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

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Iovance Biotherapeutics, Southwest Airlines, Ball Corporation, Alaska Air Group, W.W. Grainger, DraftKings, ADC Therapeutics, Hudson Pacific Properties, JetBlue Airways, and Synopsys. These adjustments reflect analysts' latest views on these companies' stock performance potential.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 1:38 pm

Alaska Airlines has introduced an exclusively brewed beer, presented in a unique can, as part of its premium beverage offerings. This move aims to enhance the in-flight experience for passengers, potentially attracting more customers who value unique and premium beverage options during their flights.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:24 pm

Deutsche Bank analyst Michael Linenberg upgraded Alaska Air Group (NYSE:ALK) from Hold to Buy and increased the price target from $44 to $51.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:11 am

A Senate committee has approved a bill that significantly increases the maximum civil penalties for airline consumer violations, raising the cap from $25,000 per violation to $75,000. This legislative move aims to enforce stricter compliance and accountability among airlines regarding consumer rights and safety standards.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:23 pm

The U.S. Senate Commerce Committee has voted to approve a bill aimed at enhancing aviation safety by increasing the number of FAA aviation safety inspectors and air traffic control staff. Additionally, the bill seeks to prohibit airlines from imposing fees on families wishing to sit together during flights. This legislative move is part of broader efforts to improve the safety and consumer experience in the aviation sector.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:21 pm

The U.S. Senate Commerce Committee voted against a proposal to increase the mandatory retirement age for airline pilots from 65 to 67. This decision impacts airlines and aircraft manufacturers by maintaining the current workforce age limit.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:07 pm

A preliminary NTSB report indicates that four key bolts were missing from a door plug on a Boeing 737 Max 9, leading to its detachment during an Alaska Air flight. The FAA grounded 171 Boeing Max 9s, later allowing them to return to service. The NTSB's findings suggest Boeing's responsibility, with CEO Dave Calhoun acknowledging the company's mistakes. The FAA is auditing Boeing's production, including fuselage production at Spirit Aerosystems, and has halted Boeing's 737 MAX production expansion.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 9:02 pm

The U.S. National Transportation Safety Board released a preliminary report on the 737 Max Alaska Air panel blowout incident, revealing that four bolts meant to prevent the door plug from moving upwards were missing prior to the incident.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:19 pm

FAA Administrator Whitaker is scheduled to meet with airline CEOs on Wednesday to discuss information sharing, according to Reuters citing the agency and airlines. This meeting could impact various aspects of the aviation industry, including safety protocols, operational efficiency, and regulatory compliance.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:00 pm

The U.S. Federal Aviation Administration (FAA) has recommended to Congress not to raise the mandatory retirement age for airline pilots from 65 to 67 until further research is conducted, according to a letter cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 8:15 pm

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