Alaska Air Group, Inc. (ALK)
Market Cap | 6.75B |
Revenue (ttm) | 10.75B |
Net Income (ttm) | 322.00M |
Shares Out | 126.94M |
EPS (ttm) | 2.51 |
PE Ratio | 21.19 |
Forward PE | 10.99 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,012,977 |
Open | 53.08 |
Previous Close | 53.08 |
Day's Range | 52.21 - 53.38 |
52-Week Range | 32.00 - 54.01 |
Beta | 1.59 |
Analysts | Strong Buy |
Price Target | 57.42 (+5.89%) |
Earnings Date | Oct 31, 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, 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 13 analysts, the average rating for ALK stock is "Strong Buy." The 12-month stock price forecast is $57.42, which is an increase of 5.89% from the latest price.
News
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 ...
Alaska Airlines unveils suite of elevated West Coast offerings debuting this fall
We're bringing the best of the West Coast with a line of new premium products for you to cozy up at 35,000 feet SEATTLE , Nov. 13, 2024 /PRNewswire/ -- Alaska Airlines is excited to introduce a suite...
UKG Empowers Hawaiian Airlines' Frontline Workforce With Mobile-First HR Technology
LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)-- #HCM--UKG is helping Hawaiian Airlines leverage the mobile-first UKG Pro® suite to give its on-the-move workforce anytime access to HR information.
Alaska Air forecasts Q4 profit below Street expectations due to cost pressures
Alaska Air Group forecast its fourth-quarter profit below analysts' expectations on Thursday, as higher costs associated with overstaffing and aircraft delivery delays dented margins.
Alaska Air Group reports third quarter 2024 results
Completed acquisition of Hawaiian Airlines Led the industry in adjusted pretax margin SEATTLE , Oct. 31, 2024 /PRNewswire/ -- Alaska Air Group (NYSE: ALK) today reported financial results for the thir...
Hawaiian Airlines Welcomes Guests on an Exciting New Voyage with Walt Disney Animation Studios' "Moana 2"
The carrier today unveiled the first of three "Moana 2" character aircraft designs and launched the Navigate Your Own Adventure global sweepstakes HONOLULU , Oct. 28, 2024 /PRNewswire/ -- Hawaiian Air...
Alaska Airlines supercharges Mileage Plan for 2025 with enhanced benefits and choices including new ways to earn elite status faster than ever
Members are rewarded sooner at new milestones and can choose from various perks Members can rack up elite-qualifying miles to reach milestones and status when they redeem award travel, make credit car...
Alaska Airlines Selects Sift to Prevent Fraud, Manage Chargebacks, and Streamline Customer Experience
SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Sift , the AI-powered fraud platform securing digital trust for leading global businesses, today announced that it has been selected by Alaska Airlines...
Alaska Airlines' venture lab spins out its first startup: Odysee
Odysee CEO Steve Casley sees dollar signs in data. Or more specifically, AI-powered software that can analyze reams of data to help commercial airlines get the most out of its complex flight schedules...
Alaska Airlines unveils top Fall travel trends: Hawaiʻi and hidden gem destinations dominate
This season includes the busiest travel day of the year and emerging trends driven by popular cultural events SEATTLE , Oct. 8, 2024 /PRNewswire/ -- Alaska Airlines is revealing unique trends that are...
STARLUX Airlines Launches Codeshare Partnership with Alaska Airlines
LOS ANGELES--(BUSINESS WIRE)--STARLUX Airlines Launches Codeshare Partnership with Alaska Airlines.
Alaska Airlines and UP.Labs launch Odysee, an AI-enabled startup taking a new approach to schedule optimization
Odysee is an innovative, new flight schedule optimization software platform that leverages AI and big data to optimize asset configuration for the airline industry and other logistics operators BENTON...
Alaska Airlines and UP.Labs Launch Odysee, an AI-Enabled Startup Taking a New Approach to Schedule Optimization
BENTONVILLE, Ark.--(BUSINESS WIRE)--One year after announcing their partnership to solve business challenges through innovation, Alaska Airlines and UP.Labs have officially announced their first new s...
Alaska Air Group Announces Pricing of Upsized Senior Secured Notes Offering
SEATTLE , Oct. 1, 2024 /PRNewswire/ -- Alaska Air Group, Inc. (the "Company") today announced the pricing of the previously announced private offering (the "Offering") of (i) $625 million aggregate pr...
Alaska Airlines inaugurates service on five new routes
Alaska expands presence in California with three new routes, connecting Pasco, Washington, with Los Angeles, and adds a new nonstop flight between Portland and Atlanta SEATTLE , Oct. 1, 2024 /PRNewswi...
Alaska Air Group Announces Proposed Senior Secured Notes Offering
SEATTLE , Sept. 30, 2024 /PRNewswire/ -- Alaska Air Group, Inc. (the "Company") today announced that it has launched a private offering (the "Offering") of senior secured notes due 2029 and senior sec...
Alaska Air Group: What Is The Stock Worth After Hawaiian Airlines Takeover?
Alaska Air Group, Inc. acquired Hawaiian Airlines for $1 billion in cash and assumed $0.9 billion in debt, expanding its fleet and route network significantly. The combined fleet now includes Boeing a...
Hawaiian Airlines Now Offering Fast and Free Starlink Wi-Fi Across Entire Airbus Fleet
HONOLULU , Sept. 24, 2024 /PRNewswire/ -- Hawaiian Airlines today announced it is now offering Starlink's high-speed, low-latency Wi-Fi free of charge to guests onboard all Airbus-operated flights bet...
Alaska Air Group announces proposed Mileage Plan financing
SEATTLE , Sept. 23, 2024 /PRNewswire/ -- Alaska Air Group, Inc. (the "Company") today announced that it launched a proposed senior secured term loan facility and intends to issue additional pari passu...
Alaska Airlines Says IT Issue Led to Delays, Seattle Ground Stop
Alaska Airlines (ALK) said an IT issue was behind an issue with its system that caused flights to be delayed and a ground stop to be issued in Seattle Sunday night.
Alaska Airlines expands cargo division and establishes new leadership and enterprise oversight post merger with Hawaiian Airlines
Ian Morgan named Alaska Airlines Vice President of Cargo; Jason Berry named Alaska Air Group's Executive Vice President of Cargo SEATTLE , Sept. 23, 2024 /PRNewswire/ -- This week, the Alaska Airlines...
Alaska Airlines grounds flights at Seattle briefly due to tech outage
Alaska Airlines said it grounded its flights in Seattle briefly on Sunday night due to "significant disruptions" from an unspecified technology problem that was resolved by about 10 p.m. local time.
Alaska Airlines reports IT outage, disruption in Seattle
Alaska Airlines said on Monday that it experienced an IT outage that caused significant disruption to its operations, including delayed flights.