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 (ALK) has announced its intention to acquire Hawaiian Airlines at a price of $18 per share in cash, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:37 pm

Alaska Air Group Inc (ALK) shares dropped over 12% following the announcement of a $1.9 billion acquisition deal with Hawaiian Holdings Inc (HA), which includes $0.9 billion of HA's net debt. The deal values HA at $18.00 per share and is expected to generate significant synergies and earnings accretion for Alaska Airlines. The merger will expand the fleet and destination network, with Honolulu becoming a key hub. The transaction is expected to close in 12-18 months, pending shareholder and regulatory approvals.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 1:30 pm

In Monday's pre-market session, several industrial stocks showed significant movement. Hawaiian Holdings (HA) saw a substantial increase of 181.9% to $13.7, while Sentage Holdings (SNTG), Bitcoin Depot (BTM), Mega Matrix (MPU), Nxu (NXU), and Turbo Energy (TURB) also experienced gains. Conversely, ShiftPixy (PIXY), Alaska Air Group (ALK), Hyliion Holdings (HYLN), Ocean Power Technologies (OPTT), and Eos Energy Enterprises (EOSE) saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:06 pm

Hawaiian Airlines (NASDAQ:HA) shares surged over 180% in pre-market trading following the announcement that Alaska Air Group, Inc. (NYSE:ALK) plans to acquire the company for $1.9 billion. The merger is expected to expand domestic and international options for customers. Other stocks showed significant movement in pre-market trading, with notable gainers including Hut 8 Mining Corp (NASDAQ:HUT) and Bit Brother Limited (NASDAQ:BETS), and losers such as NLS Pharmaceutics AG (NASDAQ:NLSP) and Panbela Therapeutics, Inc. (NASDAQ:PBLA).

Portfolio Pulse from Lisa Levin

December 04, 2023 | 1:00 pm

Raymond James analyst Savanthi Syth has downgraded Alaska Air Group (NYSE:ALK) from Strong Buy to Market Perform, indicating a change in the firm's outlook on the airline's stock.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:19 am

Alaska Air Group, Inc. (ALK) announced plans to acquire Hawaiian Holdings for $1.9 billion, causing ALK shares to drop 9.4% in pre-market trading. Other stocks experiencing pre-market declines include Virgin Galactic (SPCE), Trupanion (TRUP), SK Telecom (SKM), Avid Bioservices (CDMO), Orthofix Medical (OFIX), Genie Energy (GNE), and Nokia (NOK).

Portfolio Pulse from Lisa Levin

December 04, 2023 | 10:20 am

U.S. stock futures are trading lower on Monday, with key stocks in focus including SAIC expected to report earnings, Alaska Air's acquisition of Hawaiian Holdings, JOANN's expected quarterly loss, Uber joining the S&P 500, and GitLab's upcoming earnings report.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 7:37 am

Alaska Air (NYSE:ALK) plans to acquire Hawaiian Airlines (NASDAQ:HA) for $1.9 billion, retaining both brands and aiming to enhance customer options and competition against major airlines. The CEOs of both companies are optimistic about the deal's benefits for investments and market competition.

Portfolio Pulse from Benzinga Neuro

December 03, 2023 | 8:13 pm

Alaska Air Group has announced its intention to acquire Hawaiian Airlines for $18 per share in an all-cash transaction. This acquisition is expected to have significant implications for both companies involved.

Portfolio Pulse from Benzinga Newsdesk

December 03, 2023 | 7:15 pm

Uber Technologies, Inc. (NYSE:UBER) is set to join the S&P 500 index, replacing Sealed Air Corp. (NYSE:SEE). Jabil Inc (NYSE:JBL) and Builders FirstSource Inc. (NYSE:BLDR) will also join, replacing Alaska Air Group Inc. (NYSE:ALK) and SolarEdge Technologies Inc. (NASD: SEDG). The changes will take effect on December 18, coinciding with the quarterly rebalance. Uber has shown strong financial performance with four consecutive quarters of positive GAAP earnings and robust growth in stock value. The company reported an Adjusted EBITDA of $1.09 billion in the last quarter and expects Q4 gross bookings of $36.5 to $37.5 billion with an adjusted EBITDA of $1.18 to $1.24 billion. UBER shares closed higher by 1.72% and rose 5.49% after hours.

Portfolio Pulse from Nabaparna Bhattacharya

December 02, 2023 | 9:45 pm

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