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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.

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Alaska Airlines (ALK) and its flight attendants' union have reached a tentative agreement for a record contract, which will undergo review and a member ratification vote. This development is seen as a positive step for the airline's workforce and may set a precedent for future industry negotiations. In contrast, American Airlines (AAL) is facing challenges in its contract negotiations with its flight attendants. ALK reported better-than-expected Q1 FY24 revenue and EPS. ALK shares are trading higher by 1.75%. Investors can gain exposure via JETS and IYT ETFs.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 3:07 pm

A United Airlines (NASDAQ:UAL) flight made an emergency landing after losing part of an engine liner, adding to a series of safety incidents that have placed the airline under regulatory scrutiny. The FAA is investigating, and United's safety procedures are under review. The incident has temporarily limited United's certification activities, impacting its growth.

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 10:43 am

Alaska Airlines has started operations at the new Harvey Milk Terminal 1 at San Francisco International Airport (SFO), offering a modern and seamless travel experience for its guests.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:48 am

Boeing CEO Calhoun testified before the Senate that the Alaska Airlines door plug incident was due to a manufacturing defect.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:46 pm

The FAA is investigating Boeing and Airbus for potentially falsified documentation of titanium parts, which could impact the integrity of their aircraft. Spirit AeroSystems, a key supplier, has quarantined suspect parts. Boeing and Airbus stocks are trading lower due to the news.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 3:49 pm

Boeing (NYSE:BA) shares are trading lower following FAA's admission of insufficient oversight after a mid-air emergency involving Alaska Air (NYSE:ALK). Additionally, Boeing is investigating a new quality issue with its 787 Dreamliner. The stock has lost over 18% in the past year. Investors can gain exposure via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Gabelli Financial Services Opportunities ETF (NYSE:GABF).

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 4:52 pm

Alaska Airlines has expanded its partnership with British Airways, allowing guests to purchase nonstop British Airways flights between London and several U.S. cities directly on alaskaair.com.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:13 pm

Boeing Co (NYSE:BA) shares are trading higher after a Reuters report indicated that its executives are unlikely to face criminal charges over the fatal crashes in 2018 and 2019. The five-year statute of limitations for prosecuting most federal crimes has likely expired. Boeing has until June 13 to present any disagreements with the Justice Department's findings, which will decide by July 7 whether to prosecute, extend the DPA, or pursue other options. Boeing stock has lost more than 14% in the last 12 months, but shares are up 2.27% on Monday.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 5:19 pm

The FAA continues to enforce stringent oversight on Boeing Co. (NYSE:BA) due to safety and quality-control issues with the 737 MAX. Boeing must implement a comprehensive safety management system and provide regular updates on their progress. The FAA has halted production expansion and increased inspections. Boeing's stock has declined 16% over the past year.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 4:26 pm

Alaska Air Group Inc (NYSE:ALK) has acquired a 19-acre training facility in Renton, Washington, from Unico Properties for $85.75 million. The facility, originally built by Boeing Co (NYSE:BA), will centralize training for Alaska Airlines' staff and will undergo $100 million in renovations. The move aims to enhance training and operational efficiency.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 10:54 am

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