Alaska Air Group, Inc. (ALK)
| Market Cap | 8.38B |
| Revenue (ttm) | 10.75B |
| Net Income (ttm) | 322.00M |
| Shares Out | 126.94M |
| EPS (ttm) | 2.51 |
| PE Ratio | 26.32 |
| Forward PE | 12.35 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,050,272 |
| Open | 64.44 |
| Previous Close | 64.97 |
| Day's Range | 64.27 - 66.81 |
| 52-Week Range | 32.62 - 66.81 |
| Beta | 1.61 |
| Analysts | Strong Buy |
| Price Target | 63.71 (-3.5%) |
| Earnings Date | Jan 23, 2025 |
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, Alaska Air Group'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 14 analysts, the average rating for ALK stock is "Strong Buy." The 12-month stock price forecast is $63.71, which is a decrease of -3.50% from the latest price.
News
Buy, Sell, Or Hold Alaska Air Stock?
Alaska Air stock (NYSE: ALK) is up nearly 20% in this month after the company raised its Q4 outlook. Alaska now expects its Q4 earnings to be in the range of $0.40 and $0.50 per share, versus its prio...
Alaska Airlines selected to connect San Diego and Ronald Reagan Washington National Airport with nonstop service
Daily year-round service will seamlessly connect our guests between the nation's capital and one of our key West Coast hubs SEATTLE , Dec. 17, 2024 /PRNewswire/ -- Alaska Airlines is proud to announce...
Alaska's Department of Revenue Forms Strategic Partnership with Saige Consulting to Overhaul the Permanent Fund Dividend Application System
NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The State of Alaska, Department of Revenue (DOR), in collaboration with Saige Consulting (“Saige”), is excited to announce a new partnership aimed at modern...
Alaska Air's 2027 EPS Target May Exceed Expectations Amid Growth Drivers: Analyst Highlights Single Loyalty Program
Alaska Air Group, Inc. ALK shares are trading higher on Thursday.
Top 3 Industrials Stocks You May Want To Dump This Month
As of Dec. 12, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Here's Why Analysts Say It's a Good Time to Buy Airline Stocks
Analysts are increasingly bullish on airlines going into 2025, with the major U.S. companies fighting to build brand loyalty in a strong demand environment.
Dow and S&P 500 flat as markets await US inflation data; Alaska Air Group shares jump, while NVIDIA and Oracle slip
US equity averages were little changed on Tuesday as investors waited for the release of inflation data and further economic cues later this week. At the time of writing, the Dow Jones Industrial Ave...
Alaska Airlines Stock Surges 15% On Bullish Outlook
Alaska Airlines' strategic update boosts investor confidence, with the stock rising 14% as the company revises Q4 and FY 2025 guidance upwards. The Accelerate plan aims to regrow margins to 11-13% by ...
Alaska Air Stock Flies High on Boosted Guidance and $1 Billion Share Buyback Program
The company lifted its fiscal 2025 earnings outlook and anticipates ‘unprecedented' growth.
Alaska Airlines CEO on flight expansions and strong earnings results
Ben Minicucci, Alaska Airlines CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, if Alaska is a new global carrier, and much more.
Alaska Air Group Stock Soars on New Strategic Plan, Raised Outlook
Shares of Alaska Air Group (ALK) flew 14% higher Tuesday morning after the Alaska Airlines parent unveiled its strategic plan aimed at creating $1 billion in incremental profit in three years. The car...
Alaska sees $1 billion jump in profit after merger with Hawaiian Airlines
Alaska Air on Tuesday unveiled a plan to generate $1 billion in additional profits by 2027 by leveraging its acquisition of Hawaiian Airlines and booming demand for premium travel, sparking a rally in...
Alaska Air is latest airline to boost guidance on strong holiday travel demand
Alaska Airlines Inc.'s stock was up 1.6% early Tuesday, after the regional carrier joined rivals in raising its fourth-quarter guidance as revenue rose more than expected and costs came down.
Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push
Alaska Airlines plans to launch nonstop flights to Tokyo and Seoul from Seattle next year. The carrier closed its acquisition of Hawaiian Airlines in September, which gave it access to wide-body airpl...
Alaska Air Group introduces "Alaska Accelerate," its three-year strategic plan to deliver $1 billion in incremental profit following combination with Hawaiian Airlines
Alaska Air Group to unlock significant short- and long-term value creation to drive double digit margins of 11-13% and EPS to at least $10 by 2027; acquisition synergy estimates increased to at least ...
New Year, New Sponsor: Presenting Alaska Airlines New Year's at the Needle
The West Coast's beloved New Year's Eve drone, fireworks, and light show returns with a new sponsor and even bigger broadcast. SEATTLE , Dec. 6, 2024 /PRNewswire/ -- The Space Needle is proud to prese...
Alaska Air Group Digital Transformation Strategy 2024 - Accelerators, Incubators and Other Innovation Programs
Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Alaska Air Group Inc. - 2024" company profile has been added to ResearchAndMarkets.com's offering.
Alaska Airlines takes center stage as the official airline of Coachella and Stagecoach Festivals
With the most flights to Palm Springs, your journey to music, style and unforgettable memories this April starts with us SEATTLE , Dec. 5, 2024 /PRNewswire/ -- Get ready for a first class festival exp...
Alaska Airlines flights grounded in a ‘significant disruption' on Cyber Monday
A technology issue at Alaska Airlines resulted in the temporary grounding of flights in Seattle on Monday morning and problems into the afternoon for people trying to book flights on its website, the ...
Alaska Airlines IT issue grounds flights, disrupts Cyber Monday orders
Seattle-based Alaska Airlines is recovering Tuesday after an IT issue grounded flights at its hub airport and stopped passengers from making online bookings.
Alaska Air, Delta must face lawsuit over Seattle airport pollution
Alaska Air Group and Delta Air Lines have lost their bid to dismiss a lawsuit alleging that emissions from their aircraft at Seattle-Tacoma International Airport are responsible for a deadly mixture o...
Alaska Airlines wins 2024 Business Traveler Award for Best Inflight Food & Beverage
The honor recognizes recent significant investments in our inflight culinary experience SEATTLE , Nov. 22, 2024 /PRNewswire/ -- Alaska Airlines is proud to be named the winner of the 2024 Business Tra...
Alaska Airlines launches new service from West Coast cities to top winter destinations starting today
This winter, we're enhancing connectivity to exciting nonstop destinations for adventure and warmth SEATTLE , Nov. 20, 2024 /PRNewswire/ -- Alaska Airlines is ready to connect guests from key West Coa...
United, Delta and Alaska Air are the buys in ‘mixed' air-travel recovery, says Goldman analyst
Goldman Sachs analyst Catherine O'Brien resumes coverage of airlines as carriers face choppy post-COVID world
Alaska Airlines announces leadership promotions across key functions of new combined organization
SEATTLE , Nov. 13, 2024 /PRNewswire/ -- The Alaska Airlines board of directors has elected five new executives in key areas of the company as the airline continues to evolve and deepen its leadership ...