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 Gr (NYSE:ALK) has received mostly bullish ratings from analysts in the last quarter, with 2 bullish and 7 somewhat bullish ratings. The company has an average 12-month price target of $66.25, up 0.29% from the previous average of $66.06.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:00 pm

The article lists four industrials stocks that are currently oversold and could present a buying opportunity. These include Driven Brands Holdings Inc. (NASDAQ:DRVN), Alaska Air Group, Inc. (NYSE:ALK), FREYR Battery (NYSE:FREY), and Asure Software, Inc. (NASDAQ:ASUR). The companies have recently made significant moves such as share repurchase, better-than-expected earnings, redomicile, and secondary offering.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 12:40 pm

The Federal Aviation Administration (FAA) plans to extend cuts to minimum flight requirements at congested New York City-area airports and Washington National Airport due to air traffic control staffing shortages, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:14 pm

The article lists the top 5 oversold stocks in the industrials sector, which could present an opportunity for investors. The stocks mentioned are TuSimple Holdings Inc. (TSP), Alaska Air Group, Inc. (ALK), L3Harris Technologies, Inc. (LHX), Pitney Bowes Inc. (PBI), and American Airlines Group Inc. (AAL). The companies have been identified as oversold based on their Relative Strength Index (RSI) values, which are all below 30.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 11:26 am

Alaska Air Group Inc expects passenger levels for the Labor Day period to reach pre-pandemic levels. The company anticipates nearly 700,000 guests throughout its network from Thursday to Monday, marking an increase of nearly 8% from last year.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 7:38 pm

Mexico's President Lopez Obrador has announced that a reduction of flights at Mexico City International Airport will commence in November. This could potentially impact several US-listed airlines that operate in the region.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:49 pm

UK airspace experienced a network-wide failure for air traffic control systems, causing widespread delays at several airports. Major airlines were affected, with hundreds of flights cancelled. The issue has been identified and remedied by National Air Traffic Services (NATS), but a huge backlog remains. Airlines such as British Airways, EasyJet, Loganair, Ryanair, and Aer Lingus have been impacted, with some offering refunds or free flight transfers due to the disruption.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 2:50 pm

The International Air Transport Association (IATA) reports that global air traffic in June rose 31% compared to June 2022, reaching 94.2% of pre-pandemic levels. This indicates a strong start to the summer travel season, benefiting airlines, local economies, and travel and tourism-dependent jobs.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:35 pm

Airline stocks are trading lower in sympathy with JetBlue after it issued weak guidance. This includes American Airlines (AAL), Alaska Air Group (ALK), Delta Air Lines (DAL), Southwest Airlines (LUV), and United Airlines (UAL).

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:18 am

Susquehanna analyst Christopher N. Stathoulopoulos has reiterated a positive rating on Alaska Air Group, Inc. (NYSE:ALK), but lowered the price target to $58 from $65. The analyst noted concerns about softening U.S. domestic fares, growing U.S. domestic capacity, and some slippage in the company's internal expense forecasting. Alaska Air's Q2 FY23 operating revenue growth was 7% YoY to $2.84 billion, beating the consensus of $2.77 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 6:22 pm

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