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 has expanded its partnership with British Airways, allowing guests to purchase nonstop British Airways flights between London and several U.S. cities directly on alaskaair.com.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:13 pm

Boeing Co (NYSE:BA) shares are trading higher after a Reuters report indicated that its executives are unlikely to face criminal charges over the fatal crashes in 2018 and 2019. The five-year statute of limitations for prosecuting most federal crimes has likely expired. Boeing has until June 13 to present any disagreements with the Justice Department's findings, which will decide by July 7 whether to prosecute, extend the DPA, or pursue other options. Boeing stock has lost more than 14% in the last 12 months, but shares are up 2.27% on Monday.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 5:19 pm

The FAA continues to enforce stringent oversight on Boeing Co. (NYSE:BA) due to safety and quality-control issues with the 737 MAX. Boeing must implement a comprehensive safety management system and provide regular updates on their progress. The FAA has halted production expansion and increased inspections. Boeing's stock has declined 16% over the past year.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 4:26 pm

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.