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 Airlines has partnered with Expedia Group to launch 'Stays by Alaska Vacations', a platform offering exclusive hotel and vacation rental deals. Customers can earn and redeem miles through Alaska's loyalty program.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 4:01 pm

The U.S. Transportation Department is reviewing an application from Alaska Airlines and Hawaiian Airlines to operate jointly. This review could impact the operations and competitive dynamics of both airlines.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:15 pm

Boeing shares are trading lower premarket due to FAA's directive for inspections on 787 Dreamliners following a mid-air incident. Boeing also halted 777-9 test flights due to a component issue. The stock is down 0.97% premarket.

Portfolio Pulse from Lekha Gupta

August 20, 2024 | 10:41 am

Bit Digital shares rose 11% in pre-market trading due to better-than-expected Q2 sales and a new agreement with Boosteroid. The company reported a revenue of $29 million, surpassing estimates, despite missing EPS expectations. Other stocks like Treasure Global and Heramba Electric also saw significant pre-market gains.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 10:16 am

The $1.9 billion merger between Alaska Airlines and Hawaiian Airlines has received DOJ approval and awaits the Transportation Department's nod. This merger could become the largest among U.S. carriers since Alaska's merger with Virgin America. Despite challenges, Hawaiian Airlines' shares have surged, while Alaska Airlines' stock has been under pressure.

Portfolio Pulse from Benzinga Neuro

August 20, 2024 | 8:40 am

Alaska Air Group Inc. (NYSE:ALK) has formed a Death Cross, a bearish technical indicator, signaling potential continued downward momentum. The stock is down 7.93% year-to-date and 20.83% over the past year. Compounding the technical issues are news-driven headwinds, including an investment in JetZero and regulatory scrutiny over a proposed merger with Hawaiian Airlines. Additionally, the NTSB has criticized Boeing (NYSE:BA), Alaska's aircraft supplier, for safety lapses, adding to investor concerns.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 12:41 pm

Alaska Air and Hawaiian Airlines have agreed with the Department of Justice to extend the review period of their proposed merger until August 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:29 am

Hawaiian Holdings and Alaska Airlines have agreed with the DOJ to extend the review period for their agreement until August 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:48 am

Alaska Airlines has partnered with Portland International Airport for the grand opening of its newly renovated terminal, which has been years in the making.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:12 am

On August 13, Alaska Airlines (ALK) and Hawaiian Airlines agreed with the Department of Justice (DoJ) to further extend the review period until August 16, 2024. Both airlines continue to cooperate with the DoJ in this review process.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:09 am

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