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 115 destinations throughout the United States and North America. The company was founded in 1932 and is based in Seattle, Washington.
IPO Year:
Exchange: NYSE
Website: alaskaair.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/17/2024 | $55.00 | Peer Perform → Outperform | Wolfe Research |
4/19/2024 | $49.00 → $58.00 | Buy | TD Cowen |
4/5/2024 | $41.00 → $49.00 | Buy | TD Cowen |
2/20/2024 | $44.00 → $51.00 | Hold → Buy | Deutsche Bank |
1/26/2024 | $45.00 → $40.00 | Outperform | TD Cowen |
1/10/2024 | $39.00 → $40.00 | Positive → Neutral | Susquehanna |
1/8/2024 | Buy → Hold | Melius | |
12/4/2023 | $55.00 → $44.00 | Buy → Hold | Deutsche Bank |
12/4/2023 | Strong Buy → Mkt Perform | Raymond James | |
4/3/2023 | $60.00 → $68.00 | Outperform → Strong Buy | Raymond James |
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
This expansion will add 1.3 million premium seats annually to our mainline fleet, providing guests with even more opportunities to upgrade to a premium experience SEATTLE, July 17, 2024 /PRNewswire/ -- At Alaska Airlines, we're always looking for new ways to make your travel experience even better. We believe in giving you choices that fit your needs, whether you're all about the comfort and perks of Premium and First Class, or you appreciate the value and flexibility of our Main Cabin and Saver Fare options. Starting in September, we're excited to begin rolling out additional
SEATTLE, July 11, 2024 /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2024 second quarter financial results at 11:30 a.m. EDT/ 8:30 a.m. PDT, Thursday, July 18, 2024. A webcast of the call will be available to the public at www.alaskaair.com/investors. An archive of the call will be posted on the website later that morning. About Alaska Airlines Alaska Airlines and our regional partners serve more than 120 destinations across the United States, Belize, Canada,
This expansion offers our guests warm-weather escapes and a range of dream winter getaways, including our first-ever service to Vail, Colorado SEATTLE, July 10, 2024 /PRNewswire/ -- Alaska Airlines is reinforcing its commitment to enhancing the travel experience this winter with 18 new nonstop routes to sun-soaked international destinations and winter wonderland retreats that will offer our guests a blend of adventure and relaxation. Tickets are available starting the evening of July 10 on alaskaair.com. "We're thrilled to offer convenient connection for guests across our
This winter, we're expanding our guests' options with nonstop service to two exciting international destinations SEATTLE, July 2, 2024 /PRNewswire/ -- Alaska Airlines is excited to announce an expansion of our international network with two new Mexico destinations starting this winter. We'll soon start flying between Los Angeles and breathtaking La Paz, as the only U.S. carrier serving the coastal Mexican destination. We'll also become the only U.S. airline to offer daily nonstop flights between Los Angeles and the bustling city of Monterrey when we begin service in February.
Today, we begin operating at SFO Harvey Milk Terminal 1 where innovative and modern touches will provide our guests with a seamless travel experience SAN FRANCISCO, June 19, 2024 /PRNewswire/ -- This morning, Alaska Airlines began welcoming guests to a new and cutting-edge space in San Francisco International Harvey Milk Terminal 1 following a two-year relocation project from Terminal 2. This multimillion-dollar investment allows us to deliver a premium and enhanced guest experience at SFO as the largest carrier at Harvey Milk Terminal 1. Our new location will soon be home to
We offer the only nonstop service connecting Alaska and New York JFK for summertime adventures; we'll have the most nonstop destinations ever this summer from Anchorage SEATTLE, June 13, 2024 /PRNewswire/ -- Just as the long days of summer have engulfed the state of Alaska, Alaska Airlines launched seasonal nonstop service today between Anchorage and New York JFK. It's the only nonstop service between the two airports. Flights are available for purchase at alaskaair.com for daily flights through Aug. 19. Our new nonstop between the Big Apple and the Great Land offers New Yorkers an easier option to get away and enjoy the wilds of Alaska with its countless outdoor adventures, rich Alaska Nat
Our guests can now purchase nonstop British Airways flights between London and Seattle, Portland, San Francisco, San Diego and other cities directly at alaskaair.com SEATTLE, June 11, 2024 /PRNewswire/ -- Alaska Airlines is expanding our long-standing partnership with British Airways, a founding member of the oneworld alliance, to now enable our guests to purchase convenient, nonstop flights to London directly at alaskaair.com. Guests can buy British Airways flights at alaskaair.com for a seamless travel experience between London Heathrow and Alaska's gateway airports in Seattle, Portland, San Francisco, Los Angeles and San Diego as well as Chicago and New York JFK.
We're flying to new destinations, adding more flights for convenience and implementing new technology for a premium travel experience this summer SEATTLE, June 6, 2024 /PRNewswire/ -- In response to an increase in travel demand, Alaska Airlines is offering the largest summer schedule in the company's history, including new nonstop routes and international destinations we've never served before during our busiest months of the year. We're also expanding the number of daily flights in our network for convenience, flying to popular destinations based on guest feedback, unveiling
SEATTLE, June 3, 2024 /PRNewswire/ -- Alaska Airlines has elevated two seasoned leaders to pivotal roles within the company focused on enhancing the company's commitment to safety and operational growth. The company also appointed a new president to its subsidiary, McGee Air Services, a leader in ground services and aircraft management. Justin Neff named vice president of strategic sourcing & supply chain management for Alaska Airlines Justin Neff will oversee strategic sourcing and supply chain for Alaska Airlines and Horizon Air, essential for achieving business objectives a
The Longacres facility in Renton, Wash. was purchased from Unico Properties and will open in 2025 SEATTLE, May 30, 2024 /PRNewswire/ -- A new future for Alaska Airlines' employees and their careers begins today with the purchase of a facility that will become home to the airline's world-class training programs. The new training hub will enhance the training experience for flight attendants, pilots, customer service agents and more, as well as centralize operations into one facility. "Our remarkable operations team members will, for the first time in our history, all come toge
This expansion will add 1.3 million premium seats annually to mainline fleet, providing guests with even more opportunities to upgrade to a premium experience.
Alaska Air Gr (NYSE:ALK) reported quarterly earnings of $2.55 per share which beat the analyst consensus estimate of $2.39 by 6.69 percent. This is a 15 percent decrease over earnings of $3.00 per share from the same period last year. The company reported quarterly sales of $2.897 billion which missed the analyst consensus estimate of $2.945 billion by 1.62 percent. This is a 2.08 percent increase over sales of $2.838 billion the same period last year.
- Reuters Citing Document
The midair incident in January involving a door panel blowing off an Alaska Air Group Inc (NYSE:ALK) operated Boeing Co. (NYSE:BA) 737 MAX 9 jet, leading the carrier to ground its MAX 9 fleet has had a domino effect on all aspects of aviation industry. This single incident has led to inflating costs for those dependent on Boeing and straining airlines’ operations, reported Reuters. The resulting slowdown in Boeing’s MAX deliveries has hurt earnings for airlines like Southwest Airlines Co (NYSE:LUV) and various suppliers, while also causing inconvenience and stranding passengers. Also Read: Judge Allots Time For Boeing 737 MAX Crash Victims’ Relatives To Object Plea Deal: Report S
4 analysts have shared their evaluations of Alaska Air Gr (NYSE:ALK) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $48.5, a high estimate of $56.00, and a low estimate of $41.00. This current average has increased by 10.23% f
Susquehanna analyst Christopher Danely maintains Alaska Air Gr (NYSE:ALK) with a Neutral and lowers the price target from $42 to $41.
The second-quarter reporting season got off to a rocky start with investors reacting to some big bank earnings. Nevertheless, optimism over a healthy earnings season continues to abound. The Week That Was: Shares of high-profile big banks including JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C) and Wells Fargo & Company (NYSE:WFC) came under selling pressure following their earnings releases. JPMorgan fell 1.21% after being down over 2.5% intraday on Friday. The weakness was despite the company reporting a double-beat. Wells Fargo slumped a steeper 6.02% as higher deposit costs dented its bottom line. Delta Air Lines, Inc. (NYSE:DAL) shares fell about 7% in two sessions after
Maria Cantwell, chair of the U.S. Senate Commerce Committee, announced that she has invited Boeing Company (NYSE:BA) CEO Dave Calhoun to testify before her committee. This invitation comes as Cantwell prepares legislation aimed at increasing Federal Aviation Administration oversight of the aircraft manufacturers, Reuters reported. Calhoun testified before a different Senate committee on June 19, but Cantwell indicated to reporters that she anticipates the outgoing CEO will also testify at a future hearing before her committee. She noted that this might occur after the National Transportation Safety Board conducts an investigative hearing on August 6-7 regarding the mid-air emergency
Alaska Air Gr's (NYSE:ALK) short percent of float has risen 47.79% since its last report. The company recently reported that it has 8.61 million shares sold short, which is 9.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.01 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
SEATTLE, July 11, 2024 /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2024 second quarter financial results at 11:30 a.m. EDT/ 8:30 a.m. PDT, Thursday, July 18, 2024. A webcast of the call will be available to the public at www.alaskaair.com/investors. An archive of the call will be posted on the website later that morning. About Alaska Airlines Alaska Airlines and our regional partners serve more than 120 destinations across the United States, Belize, Canada,
Achieved record first quarter operating revenue of $2.2 billion Ratified new agreement with AMFA-represented employees SEATTLE, April 18, 2024 /PRNewswire/ -- Alaska Air Group (NYSE:ALK) today reported financial results for the first quarter ending March 31, 2024, and provided outlook for the second quarter ending June 30, 2024. "I want to recognize Alaska's employees for their uncompromising prioritization of safety, for taking great care of our guests, and for delivering strong performance in the first quarter," said CEO Ben Minicucci. "Despite significant challenges to sta
SEATTLE, April 8, 2024 /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2024 first quarter financial results at 11:30 a.m. EDT/ 8:30 a.m. PDT, Thursday, April 18, 2024. A webcast of the call will be available to the public at www.alaskaair.com/investors. An archive of the call will be posted on the website later that morning. About Alaska Airlines Alaska Airlines and our regional partners serve more than 120 destinations across the United States, the Bahamas, Be
Announced agreement to acquire Hawaiian Airlines Achieved record annual operating revenue of $10.4 billion SEATTLE, Jan. 25, 2024 /PRNewswire/ -- Alaska Air Group Inc. (NYSE:ALK) today reported financial results for the fourth quarter and full year ended December 31, 2023. "Air Group's 2023 accomplishments were significant," said CEO Ben Minicucci. "I want to thank our people for delivering a reliable operation, industry-leading cost performance, and a strong 7.5% adjusted pretax margin. As we navigate early 2024, we remain steadfast in our commitment to safety, providing a premium experience for our guests, and delivering durable financial performance. I am also grateful for how the team h
SEATTLE, Jan. 10, 2024 /PRNewswire/ -- Alaska Air Group Inc. (NYSE:ALK), the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2023 fourth quarter financial results at 11:30 a.m. EDT/ 8:30 a.m. PDT, Thursday, January 25, 2024. A webcast of the call will be available to the public at www.alaskaair.com/investors. An archive of the call will be posted on the website later that morning. About Alaska AirlinesAlaska Airlines and our regional partners serve more than 120 destinations across the United States, the Bahamas, Belize, Canada, Costa Rica, Guatemala and Mexico. We offer our guests a premium flying experience with aw
Combined company to maintain Alaska Airlines' and Hawaiian Airlines' strong, high-quality brands, supported by a single, compelling loyalty offering.Expands fifth largest U.S. airline to a fleet of 365 narrow and wide body airplanes enabling guests to reach 138 destinations through our combined networks and more than 1,200 destinations through the oneworld Alliance.Honolulu to become a key hub for the combined airline with expanded service for residents of Hawai'i to the Continental U.S. and creating new connections to Asia and throughout the Pacific for travelers across the U.S.Commitment to Hawai'i remains steadfast, including maintaining robust Neighbor Island air service, and a more comp
SEATTLE, Oct. 10, 2023 /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2023 third quarter financial results at 11:30 a.m. EDT/ 8:30 a.m. PDT, Thursday, October 19, 2023. A webcast of the call will be available to the public at www.alaskaair.com/investors. An archive of the call will be posted on the website later that morning. About Alaska Airlines Alaska Airlines and our regional partners serve more than 120 destinations across the United States, Belize, Cana
Delivered industry-leading adjusted pre-tax margins of 18.3% on record quarterly revenue Adjusted pre-tax margin exceeds 2019 second quarter results despite higher fuel costs Achieved industry's best on-time performance and completion rate in June SEATTLE, July 25, 2023 /PRNewswire/ -- Alaska Air Group (NYSE:ALK) today reported financial results for the second quarter ending June 30, 2023, and provided outlook for the third quarter ending September 30, 2023. "People are hungry to travel and our frontline employees are delivering the safe, reliable and caring experience that p
SEATTLE, July 10, 2023 /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2023 second quarter financial results at 11:30 a.m. EDT/ 8:30 a.m. PDT, Tuesday, July 25, 2023. A webcast of the call will be available to the public at www.alaskaair.com/investors. An archive of the call will be posted on the website later that morning. About Alaska Airlines Alaska Airlines and our regional partners serve more than 120 destinations across the United States, Belize, Canada,
Productivity improves 6% and pilot training throughput doubles over prior year; Anticipate double-digit adjusted pre-tax margin in second quarter; Reiterated full-year adjusted pre-tax margin guidance of 9% to 12% SEATTLE, April 20, 2023 /PRNewswire/ -- Alaska Air Group (NYSE:ALK) today reported financial results for the first quarter ending March 31, 2023, and provided outlook for the second quarter ending June 30, 2023. "This quarter we returned to pre-pandemic levels of flying and our roadmap to profitable growth is on track," said Alaska CEO Ben Minicucci. "As we progress through the year, we have taken deliberate steps to build momentum and we are wel
Wolfe Research upgraded Alaska Air from Peer Perform to Outperform and set a new price target of $55.00
TD Cowen reiterated coverage of Alaska Air with a rating of Buy and set a new price target of $58.00 from $49.00 previously
TD Cowen reiterated coverage of Alaska Air with a rating of Buy and set a new price target of $49.00 from $41.00 previously
Deutsche Bank upgraded Alaska Air from Hold to Buy and set a new price target of $51.00 from $44.00 previously
TD Cowen reiterated coverage of Alaska Air with a rating of Outperform and set a new price target of $40.00 from $45.00 previously
Susquehanna downgraded Alaska Air from Positive to Neutral and set a new price target of $40.00 from $39.00 previously
Melius downgraded Alaska Air from Buy to Hold
Deutsche Bank downgraded Alaska Air from Buy to Hold and set a new price target of $44.00 from $55.00 previously
Raymond James downgraded Alaska Air from Strong Buy to Mkt Perform
Raymond James upgraded Alaska Air from Outperform to Strong Buy and set a new price target of $68.00 from $60.00 previously
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Alaska is the first U.S. airline to link guest participation in sustainability to loyalty with an accelerated path to elite status. SEATTLE, May 7, 2024 /PRNewswire/ -- As part of Alaska Airlines' longstanding journey to make air travel more sustainable, the airline will now give guests the choice to voluntarily reduce the environmental impact of their travel with sustainable aviation fuel (SAF) credits during the booking process. Guests can choose to support SAF in an amount based on 5%, 10% or 20% of their carbon impact when they book a ticket on alaskaair.com. Building on
At just 55 calories per can, Best Day Brewing Kölsch offers guests in all cabins a healthier alternative to traditional beer without sacrificing the classic taste SEATTLE, Dec. 11, 2023 /PRNewswire/ -- Alaska Airlines is now offering happy hour without the hangover on every flight with its new and refreshing beverage offering. Just in time for Dry January, the premier West Coast carrier is serving Best Day Brewing Kölsch -- the first non-alcoholic beverage to join Alaska's premium beverage line-up. Alaska Airlines is now offering happy hour without the hangover with its new no
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
Alaska Mileage Plan members can earn Elite-Qualifying Miles when they support sustainable aviation fuel, contributing to their elite qualification for the new year SEATTLE, Nov. 17, 2023 /PRNewswire/ -- Alaska Airlines announced today it is partnering with climate-tech company CHOOOSE to provide new options for sustainability-minded guests to take action on their travel-related carbon emissions by purchasing sustainable aviation fuel (SAF) credits or support nature-based climate projects. A banner on the reservations confirmation page invites guests to learn more about the car
HONOLULU, Aug. 30, 2023 /PRNewswire/ -- Alaska Airlines has promoted Daniel Chun to regional vice president – Hawai'i, in a move that underscores the airline's enduring commitment to the Aloha State. In this newly created role, Chun serves as the senior executive for Alaska Airlines in Hawai'i, leading the long-term strategy for the company's growth in the Islands and continuing to deepen Alaska's longstanding support and engagement within the local community. Alaska started service to the Hawaiian Islands in 2007 and operates the most flights between Hawai'i and the West Coast than any carrier.
SEATTLE, Feb. 11, 2022 /PRNewswire/ -- Alaska Air Group's (AAG) Board of Directors announced today that Lead Independent Director Patricia Bedient will replace Brad Tilden as chair of the company's Board of Directors, effective May 5, 2022. Ms. Bedient will serve as independent non-executive chair, while Mr. Tilden served as executive chair. The announcement is part of a leadership succession plan that involved Tilden retiring as CEO in March 2021 and passing the helm to Ben Minicucci. "The transition to Ben as CEO has been seamless, the leadership team is operating as one and
SEATTLE, Oct. 14, 2021 /PRNewswire/ -- Alaska Air Group, Inc. announced today the appointment of Adrienne Lofton to the company's board of directors. Lofton, a marketing and retail omnichannel veteran who has extensive experience transforming some of the nation's best-known consumer brands, will also serve on the boards of the company's airline subsidiaries Alaska Airlines, Inc. and Horizon Air Industries, Inc. Lofton is the vice president of global brand marketing at Google, where she oversees the integrated consumer experience for Google's platforms & ecosystems portfolio (i
SEATTLE, July 28, 2021 /PRNewswire/ -- Alaska Airlines has named 34-year airline veteran Toni Freeberg managing director of sales effective immediately. Freeberg assumes the role currently held by Mark Bocchi, who will retire from Alaska Airlines in October after 40 years. In her new role, Freeberg will set the strategy and oversee corporate and specialty sales, and further champion the integration into the oneworld global alliance. As managing director of sales, she will drive our West Coast international initiatives and corporate partners, travel management companies and sm
SEATTLE, March 22, 2021 /PRNewswire/ -- Today, Alaska Air Group announced the appointment of Constance von Muehlen as Chief Operating Officer of Alaska Airlines, effective April 3, 2021. Upon assuming this role, von Muehlen will join Alaska's Executive Committee and report to Ben Minicucci, who becomes Chief Executive Officer on March 31, 2021. She succeeds current COO, Gary Beck, who has announced his retirement following an impressive 47-year career in aviation. Alaska Airlines appoints Constance von Muehlen Chief Operating Officer A 30-year aviation veteran who received her leadership training flying Black Hawk helicopters as a Captain in the U.S. Army, von Muehlen b
SEATTLE, Jan. 21, 2021 /PRNewswire/ -- Alaska Air Group announced today the appointment of Daniel Elwell to the company's board of directors, effective immediately. Elwell will also join the boards of directors of the company's airline subsidiaries Alaska Airlines, Inc. and Horizon Air Industries, Inc. Daniel Elwell Elwell, a former military and commercial pilot, served as Deputy and Acting Administrator of the Federal Aviation Administration from June 2017 to November 2020, where he was responsible for the safety and efficiency of the largest aerospace system in the world, which operates more than 50,000 flights a day. Elwell also had oversight of the FAA's multibill