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

Alaska Air's executive announced that within 8 days, the MAX 9s will be fully deployed. Additionally, the CEO reported receiving a faulty door plug from Boeing, which is unrelated to previous light or pressurization issues.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:30 pm

Alaska Air Group Inc (ALK) reported Q4 operating revenue of $2.55 billion, a 3% Y/Y increase, and adjusted EPS of $0.30, beating estimates. The company is inspecting its Boeing 737 MAX 9 fleet and expects a $150 million earnings hit in 2024 due to the grounding incident. Alaska Air's 2024 earnings guidance of $3-$5 per share is below the consensus of $4.85, factoring in the impact of the Boeing fleet grounding. ALK shares rose 3.21% to $36.97.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 3:38 pm

China has given Boeing Co (NYSE:BA) approval to resume deliveries of its 737 MAX 8 aircraft to Chinese customers, ending a two-year suspension. The first 737 MAX 8, registered to China Southern Airlines (NYSE:ZNH), is currently grounded in Hawaii. This comes as Boeing faces FAA restrictions on expanding production of its narrowbody planes due to a recent cabin panel blowout incident on a 737 MAX 9 jet operated by Alaska Airlines. The resumption of deliveries in China could help Boeing amid its operational challenges and ongoing US scrutiny.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 1:38 pm

Alaska Air Group reported a reduction in its Q4 Cost per Available Seat Mile (CASM) excluding fuel and special items by 6.6% year-over-year, and a 2.6% reduction for the full year compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:10 am

Alaska Air Group, Inc. (NYSE:ALK) reported Q4 adjusted earnings per share (EPS) of $0.30, surpassing the analyst consensus estimate of $0.18 by 66.67%. However, this represents a 67.39% decrease from the $0.92 EPS reported in the same quarter last year. The company's quarterly sales reached $2.55 billion, slightly beating the consensus estimate of $2.55 billion by 0.12% and marking a 2.99% increase from the $2.48 billion reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:02 am

The FAA has stopped Boeing's production expansion of the Max series to enhance quality control measures. Additionally, the FAA has detailed an extensive inspection and maintenance process for the Boeing 737-9 Max to re-enter service.

Portfolio Pulse from Charles Gross

January 24, 2024 | 11:01 pm

An NTSB investigator is set to revisit Boeing's 737 factory in Renton, Washington, on Friday to continue the investigation into the recent mid-air cabin blowout incident on an Alaska Airlines flight.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 8:56 pm

U.S. Senator Jerry Moran has called for the Senate Commerce Committee to investigate or conduct oversight into the findings from an Alaska Airlines accident. The details of the accident were not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 8:49 pm

American Airlines (AAL) and Alaska Air (ALK) are set to report Q4 earnings on Jan. 25. AAL's stock is down 12% over the past year with expected EPS of 10 cents and $13.02 billion in revenue. ALK's stock is down 28% after a mid-air incident involving a Boeing 737 Max 9, with expected EPS of 18 cents and $2.55 billion in revenue. AAL has a global presence but high debt levels, while ALK has a strong West Coast presence and healthier balance sheet. Analysts predict more upside potential for ALK than AAL.

Portfolio Pulse from Surbhi Jain

January 24, 2024 | 5:28 pm

Alaska Air Gr (NYSE:ALK) is scheduled to release its quarterly earnings report on Thursday, 2024-01-25. Analysts predict an EPS of $0.18. Investors are looking for an earnings beat and positive guidance for future growth. Historically, ALK's stock price has shown sensitivity to earnings performance and guidance. Last quarter, ALK missed EPS estimates by $0.03, resulting in a 0.44% share price drop the following day. Over the past year, ALK shares have declined by 29.45%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:01 pm

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