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

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

Boeing CEO Dave Calhoun is scheduled to meet with U.S. senators including Ted Cruz and Mark Warner to discuss the grounding of the 737 MAX 9, following a cabin panel blowout on an Alaska Air jet. The FAA has grounded 171 MAX 9 airplanes and recommended expanded checks on the 737-900ER fleet. United Airlines CEO Scott Kirby has concerns about the MAX 10 jets, which are vital for Boeing's recovery. Boeing has also announced a quality stand down at its Seattle-area location to address safety concerns.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 1:50 am

FAA Administrator Mike Whitaker has indicated that the investigation into the Alaska Airlines blowout is centered on Boeing's quality control processes. While the design of the 737 Max 9's door plug is considered adequate when properly implemented, the focus is now on Boeing's quality assurance and control measures.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:09 pm

Alaska Air has reported that their checks on Boeing 737-900ER aircraft have revealed no issues so far. This follows a directive for inspections due to potential fuselage skin cracks.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:47 pm

As the S&P 500 Index hits new highs, investors are closely monitoring a pivotal week of Q4 earnings reports from major companies. Mixed results have been seen so far, with financial sector companies underperforming. Key reports from Netflix, Intel, and Tesla are anticipated to significantly influence market trends. The SPDR S&P 500 ETF Trust (SPY) also saw an increase, reflecting market optimism.

Portfolio Pulse from Shanthi Rexaline

January 22, 2024 | 10:00 am

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