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

GE Aerospace is assisting in the investigation of an engine failure on a Boeing 747-8 cargo plane, operated by Atlas Air, which made an emergency landing at Miami International Airport. The incident involved one of the four GEnx-2B engines manufactured by GE Aerospace. Both the Federal Aviation Authority and the National Transportation Safety Board are involved in the investigation. This follows another recent incident involving Boeing, which has impacted the company's reputation.

Portfolio Pulse from Neil Dennis

January 19, 2024 | 7:51 pm

Boeing Company (NYSE:BA) faces increased scrutiny after U.S. Secretary of State Antony Blinken had to switch from a modified Boeing 737 due to an oxygen leak. This follows a January 5 incident involving an Alaska Air Group Inc (NYSE:ALK) flight where a Boeing 737 had a door plug blow out. The series of setbacks has led to a significant decline in net trust for Boeing, with a recent survey showing a 12 percentage point drop since December. Boeing's stock is currently trading at $211.92, down 19% year-to-date in 2024.

Portfolio Pulse from Chris Katje

January 18, 2024 | 8:53 pm

The FAA has completed inspections on 40 Boeing 737 MAX 9 jets, a step towards ungrounding the model after a cabin panel blowout on an Alaska Air Group jet. Alaska Airlines and United Airlines Holdings have canceled thousands of flights due to the incident. Boeing's CEO and Spirit Aerosystems Holdings, the panel supplier, addressed the issue with employees. The NTSB and FAA are investigating the incident, with a focus on the manufacturing process of the door plug. Wall Street analysts generally rate Boeing as a Buy, with a positive outlook based on recent stock performance and revenue growth. Boeing shares are up 3.26% at $209.68.

Portfolio Pulse from Vandana Singh

January 18, 2024 | 5:25 pm

The U.S. Airline Group has urged for immediate measures to tackle the shortage of air traffic controllers and to modernize outdated FAA facilities. This call to action highlights the critical need for infrastructure improvements and staffing solutions to ensure the safety and efficiency of air travel.