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

Airline stocks are experiencing a rise in share prices following United Airlines' strong earnings report and announcement of a stock buyback.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 4:03 pm

Alaska Airlines is enhancing its Mileage Plan for 2025 by introducing new perks, faster elite status earning, and expanded options for earning and redeeming miles. Additionally, Alaska Airlines and Hawaiian Airlines are merging, resulting in a single loyalty program.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:21 pm

Airline stocks are experiencing a rise in share prices due to reduced fears from Hurricane Milton and a decrease in fuel costs, a significant expense for the industry.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:12 pm

Susquehanna analyst Christopher Danely maintains a Neutral rating on Alaska Air Group (NYSE:ALK) but raises the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:29 pm

Analysts have mixed ratings for Alaska Air Group (NYSE:ALK) with a recent average price target of $53.0, down from $54.43. The company shows strong financial metrics like a 7.59% net margin and a 5.36% ROE, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 1:00 pm

Evercore ISI Group has maintained an 'Outperform' rating on Alaska Air Group (NYSE:ALK) but has lowered the price target from $60 to $55.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:56 pm

TD Cowen analyst Helane Becker maintains a Buy rating on Alaska Air Group (NYSE:ALK) but lowers the price target from $52 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:37 pm

Alaska Air Group has increased its senior secured notes offering to $1.25 billion from $750 million. The proceeds will be used to fund a reserve account, a collection account, and an intercompany loan to Alaska Airlines, which will repay debt from its merger with Hawaiian Airlines.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 6:58 am

Travel and hotel-related stocks are experiencing a decline due to increased geopolitical tensions following Iran's missile attack on Israel, potentially affecting global travel demand.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 5:06 pm

Travel and hotel-related stocks are trading lower due to geopolitical tensions, with reports suggesting Iran may attack Israel, potentially impacting travel demand.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:40 pm

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