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

Goldman Sachs predicts a bullish stock market for 2024, with the S&P 500 reaching 4,700, a 5% price gain, and a 6% total return. The firm expects the U.S. economy to expand modestly, avoiding recession, and corporate earnings to rise by 5%. The 'Magnificent 7' tech stocks are anticipated to continue outperforming, and Goldman Sachs recommends focusing on quality stocks, growth stocks, and undervalued cyclicals, highlighting specific sectors like Information Technology, Health Care, and Energy for investment.

Portfolio Pulse from Piero Cingari

November 16, 2023 | 8:51 pm

The Biden Administration and airlines are predicting record air travel in the U.S. during the Thanksgiving holiday. This forecast suggests a strong rebound in travel demand, which could benefit airlines and related sectors.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:20 pm

Alaska Airlines is expanding its partnership with Condor Airlines through a bilateral codeshare agreement. This agreement allows both airlines to sell each other's flights.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:08 pm

Travel stocks are trading higher amid overall market strength, possibly due to Expedia's better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:05 pm

Major US airports are preparing for renewed traffic growth as the pandemic challenges in the aviation sector dissipate. Capital programs are advancing to serve the anticipated rising travel demand, but with high costs ahead. Debt will continue to lead funding sources, though federal grants are also supportive. Fitch Ratings does not anticipate the increase in debt to drive credit pressures for most airports.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:55 pm

An off-duty pilot, Joseph D. Emerson, has been charged with 83 counts of attempted murder after allegedly trying to interfere with an airplane’s engine midflight. The plane, operated by a regional carrier owned by Alaskan Air Group Inc (NYSE:ALK), was flying from Seattle to San Francisco. The pilots diverted the plane’s route and landed in Portland. Emerson was subdued and taken out of the cockpit. The FBI is investigating the incident.

Portfolio Pulse from Aaron Bry

October 23, 2023 | 8:02 pm

Alaska Air Group, Inc. (NYSE:ALK) is taking legal action against a mechanics union over an arbitration decision that reinstated a mechanic who tested positive for cannabis. The airline argues that the arbitration board overstepped its bounds and made decisions not based on factual evidence. The mechanic, Gregory Chappell, had been terminated after failing a random drug test, but he denied consuming cannabis and claimed he unknowingly ingested THC at a party. Aviation safety expert Dr. Karlene Petitt has criticized the airline's actions and called for support for Chappell.

Portfolio Pulse from Maureen Meehan

October 23, 2023 | 6:22 pm

Analysts have provided various ratings for Alaska Air Gr (NYSE:ALK) within the last quarter, with 3 being bullish, 5 somewhat bullish, and none being indifferent, somewhat bearish, or bearish. The average price target for the next 12 months is $59.75, representing a 10.66% decrease from the previous average price target of $66.88.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 4:01 pm

Raymond James analyst Savanthi Syth has maintained a 'Strong Buy' rating on Alaska Air Gr (NYSE:ALK), but lowered the price target from $58 to $53.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:09 pm

Several companies are scheduled to report their quarterly earnings on October 19, 2023. These include Nokia, Atlantic Union Bankshares, Taiwan Semiconductor, Home BancShares, Freeport-McMoRan, East West Bancorp, Union Pacific, Webster Finl, Watsco, ManpowerGroup, Pool, Blackstone, Philip Morris Intl, BankUnited, AT&T, Snap-on, Texas Capital Bancshares, Dime Community Bancshares, Alaska Air Gr, Badger Meter, Heritage Financial, S&T Bancorp, Iridium Comms, American Airlines Group, Marsh & McLennan, Genuine Parts, Lindsay, Fifth Third Bancorp, KeyCorp, WNS (Hldgs), Truist Finl, Insteel Indus, Hilltop Hldgs, OceanFirst Financial, Knight-Swift, Bank OZK, CSX, Amerant Bancorp, Five Point Holdings, Glacier Bancorp, Independent Bank, First Western Financial, Associated Banc, Alpine Income Prop Trust, Triumph Financial, Western Alliance, Metropolitan Bank Holding, Intuitive Surgical, 1st Source, Banco Latinoamericano, WD-40, and Corporacion Inmobiliaria.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:28 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.