Alaska Air Group, Inc. (ALK)
| Market Cap | 5.04B |
| Revenue (ttm) | 10.46B |
| Net Income (ttm) | 245.00M |
| Shares Out | 126.89M |
| EPS (ttm) | 1.88 |
| PE Ratio | 21.13 |
| Forward PE | 6.75 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,047,995 |
| Open | 40.06 |
| Previous Close | 40.09 |
| Day's Range | 39.38 - 40.20 |
| 52-Week Range | 30.75 - 57.18 |
| Beta | 1.62 |
| Analysts | Strong Buy |
| Price Target | 57.20 (+43.97%) |
| Earnings Date | Jul 23, 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 43.97% from the latest price.
News
Alaska Airlines launches historic routes to La Paz and Monterrey, Mexico from Los Angeles
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 expans...
Alaska Air formally returns Flight 1282 737 MAX 9 to Boeing
Alaska Airlines said on Friday that it has returned to Boeing the 737 MAX 9 plane that was involved in a mid-air door panel blowout in January.
How Profitable Is Alaska Air?
Alaska Air (NYSE: ALK) saw its net income surge by 300% y-o-y to $235 million in 2023. This can primarily be attributed to higher revenues, and lower fuel costs.
Alaska Airlines, flight attendants reach tentative deal
A union representing flight attendants for Alaska Airlines said on Friday that they have reached a tentative agreement for a record contract with the carrier.
Alaska Airlines, flight attendants reach 'record' tentative labor deal
United and American Airlines are still negotiating contracts with their flight attendants. American Airlines' flight attendant union said talks had ended on Thursday without a deal and that cabin crew...
Alaska Airlines unveils new state-of-the-art location at Harvey Milk Terminal 1, reinforcing its position as SFO's second largest carrier
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...
Boeing's CEO will be grilled by the Senate, a first since the Alaska Airlines emergency
Boeing CEO Dave Calhoun will face tough questions from U.S. senators on Tuesday over the planemaker's safety culture as well claims from a new whistleblower employee.
Alaska Airlines now flies nonstop between Anchorage and New York City
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 /PRNews...
Alaska Airlines adds British Airways flights to London at alaskaair.com
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 /PRNewswir...
Alaska Airlines loses appeal in $160 mln UK trademark dispute with Virgin Aviation
Alaska Airlines on Tuesday lost an appeal in an approximately $160 million trademark case with Virgin Group, after a London court last year ruled Virgin was entitled to royalties even though the U.S. ...
Alaska Airlines offers guests largest summer schedule ever in preparation for busy travel season
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 ...
Alaska Airlines Board elects Justin Neff vice president of strategic sourcing & supply chain management and Ann Ardizzone vice president of special projects; McGee Air Services Board elects Jeff Helfrick president and secretary
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 grow...
Alaska Airlines invests in new world-class training facility to support flight attendants, pilots and more
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 b...
Alaska Airlines celebrates summer travel season with 'upgrade unlocked' - get ready for a surprise upgrade to Premium Class!
Every day, all summerlong, at least one Main Cabin guest will be randomly upgraded to Premium Class SEATTLE , May 30, 2024 /PRNewswire/ -- Every day this summer, Alaska Airlines is surprising and deli...
Alaska Airlines elevates its premium inflight retail menu with the return of Main Cabin hot meals
Our newly expanded chef-curated menu is now available for purchase in Premium Class and Main Cabin SEATTLE , May 22, 2024 /PRNewswire/ -- Alaska Airlines is elevating its premium onboard menu with the...
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.