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

In the past three months, five analysts have provided ratings for Alaska Air Group (NYSE:ALK), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $53.2, slightly down from $53.8. Analysts have adjusted their ratings and price targets based on market conditions and company performance.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 5:00 pm

B of A Securities analyst Andrew Didora maintains a Buy rating on Alaska Air Group (NYSE:ALK) and raises the price target from $50 to $55.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 4:57 pm

TD Cowen analyst Helane Becker maintains a Buy rating on Alaska Air Group (NYSE:ALK) and raises the price target from $51 to $52.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:13 pm

An Alaska Airlines plane in Nashville aborted takeoff to prevent a potential runway collision. No injuries were reported, and the incident was managed safely.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:41 pm

Alaska Air Group (NYSE:ALK) has raised its Q3 earnings forecast significantly, projecting adjusted EPS between $2.15 and $2.25, surpassing the analyst consensus of $1.60. This is attributed to strong summer travel demand and lower fuel costs. ALK shares rose 4.33% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 12:02 pm

Alaska Air's shares are rising as the company has increased its Q3 adjusted EPS guidance due to better revenue and fuel cost projections.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:18 am

Alaska Air Group has raised its Q3 adjusted EPS outlook from $1.40-$1.60 to $2.15-$2.25, driven by better-than-expected revenue and lower fuel costs. The company cites additional revenue from industry disruptions and strong performance in August and September.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:13 am

Boeing has informed suppliers of a six-month delay in reaching a key production milestone for its 737 MAX, now targeting March 2025 for a monthly output of 42 jets. This delay highlights ongoing production challenges. Additionally, Boeing faces potential labor unrest as union members vote on a tentative agreement.

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 10:57 am

Citigroup analyst Stephen Trent maintains a Buy rating on Alaska Air Group (NYSE:ALK) but lowers the price target from $51 to $48.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:01 pm

The U.S. Department of Transportation reports that U.S. airlines have canceled 1.6% of flights this year, which is below pre-pandemic levels, as summer travel reaches a new record.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:49 pm

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