Alaska Air Group, Inc. (ALK)
| Market Cap | 5.49B |
| Revenue (ttm) | 10.46B |
| Net Income (ttm) | 245.00M |
| Shares Out | 126.89M |
| EPS (ttm) | 1.88 |
| PE Ratio | 23.03 |
| Forward PE | 7.88 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,276,539 |
| Open | 43.68 |
| Previous Close | 43.28 |
| Day's Range | 43.21 - 44.18 |
| 52-Week Range | 30.75 - 57.18 |
| Beta | 1.61 |
| Analysts | Strong Buy |
| Price Target | 57.20 (+32.13%) |
| Earnings Date | Apr 18, 2024 |
About ALK
Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington. [Read more]
Financial Performance
In 2023, ALK's revenue was $10.43 billion, an increase of 8.09% compared to the previous year's $9.65 billion. Earnings were $235.00 million, an increase of 305.17%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for ALK stock is "Strong Buy." The 12-month stock price forecast is $57.2, which is an increase of 32.13% from the latest price.
News
TD Cowen's Helane Becker says these U.S. airlines are buys on strong summer travel demand
Helane Becker, TD Cowen senior airlines analyst, joins 'Power Lunch' to discuss the anatomy of the consumer in the travel sector.
Hey Canada! Alaska Airlines launches new nonstop service between Seattle and Toronto
For the first time, we're linking our home airport and Canada's largest city; our guests can also connect on flights with Porter Airlines in Toronto, our newest global partner SEATTLE , May 16, 2024 /...
Alaska Airlines promotes Shane Jones to senior vice president of fleet, revenue products and real estate; Horizon Air names Nathan Engel as vice president of maintenance and engineering
SEATTLE , May 13, 2024 /PRNewswire/ -- The boards of directors of Alaska Airlines and Horizon Air announced two leadership additions today, promoting two industry veterans into important roles at each...
Alaska Airlines launches new way for guests to join the journey to help make air travel more sustainable
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' ...
Alaska Air says Boeing issued $61 million in credit memos to address grounding hit
Alaska Air Group has received $61 million in supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said on Friday.
Should You Pick Alaska Airlines Stock At $45 After Q1 Beat?
Alaska Air (NYSE: ALK) recently reported its Q1 results, with top line and bottom line exceeding the street estimates. The company reported revenue of $2.23 billion and an adjusted loss per share of $...
Alaska Airlines CEO Ben Minicucci on strong 2024 forecast
Alaska Airlines CEO Ben Minicucci joins 'The Exchange' to discuss their latest quarter, what's next for the airlines, and more.
Alaska Air Overcomes January Midair Incident as Travel Demand Surges
Shares of Alaska Air Group (ALK) took off in intraday trading Thursday after the airline posted better-than-expected results and guidance as travel demand boomed, helping to offset the effects of a Ja...
Alaska Air Is Moving Past Its Boeing Problems. The Stock Is Rising After Earnings Report.
Alaska Air's start to the year has been far from smooth but the turbulence may be easing.
Alaska Air's stock up 1.6% after carrier's loss is narrower than expected and revenue tops estimates
Alaska Air Group's stock rose 1.6% early Thursday, after the regional airline posted a narrower-than-expected first-quarter loss and revenue that beat analyst estimates.
Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.
Alaska Air forecasts second-quarter profit above estimates on strong travel demand
Alaska Air Group forecast a better-than-expected profit for the current quarter on Thursday, driven by strong travel demand and expectations for a strong summer season.
Alaska Air prioritizes quality, safety of Boeing products over production rate
Alaska Air Group is not concerned about the production rate of Boeing's 737 MAX planes as it is more focused on the quality and safety of the planemaker's jets, a top company executive said on Thursda...
Alaska Air Group reports first quarter 2024 results
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 repor...
Alaska Air Resumes Flights After Technology Problem
The carrier says there might be residual delays throughout the day Wednesday.
Alaska Airlines Pauses All Departures Nationwide After Tech Issue
The Federal Aviation Administration issued an advisory Wednesday morning for Alaska Airlines to pause departures across all airports Wednesday, a halt the major airline said was related to a problem w...
US FAA issues ground stop advisory for Alaska Airlines
The U.S. Federal Aviation Administration on Wednesday issued a ground stop advisory for Alaska Airlines , saying: "All Alaska mainline and subcarrier flights ground stopped."
Alaska Air Group announces webcast of first-quarter 2024 financial results
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 ...
Boeing gives Alaska Airlines $160M ‘initial payment' for losses related to midair door blowout
Boeing has paid Alaska Airlines roughly $160 million as an “initial payment” for “financial damages” resulting from the flight that experienced a midair door blowout at 16,000 feet earlier this year.
Boeing pays Alaska Airlines $160 million in cash in 'initial payment' following mid-air blowout
Alaska Airlines said Boeing has paid the carrier $160 million in “initial compensation" after a door plug blowout on a 737-9 MAX plane in Jan.
Alaska Air Gets Compensation from Boeing for Midair Mishap, 737 Max 9 Grounding
Alaska Air Group (ALK) reported Thursday it was receiving compensation from Boeing (BA) for financial damages incurred related to a January incident when a door plug on an Alaska Airlines Boeing 737 M...
Boeing Pays Alaska Airlines $160 Million After Door Blowout Incident
Alaska Airlines announced in a filing Thursday it received a $160 million cash payment from Boeing in compensation for lost revenues stemming from the January mid-flight door plug blowout incident, wh...
Alaska Air Receives $160 Million From Boeing
The sum represents initial compensation to make up for lost profits due to January's midair blowout of a door plug.
Boeing pays Alaska Airlines $160 million for 737 Max 9 grounding
The FAA grounded the planes after a door panel blew out of an Alaska Airlines Boeing 737 Max 9 midflight.