Alaska Air Group, Inc. (ALK)

NYSE: ALK · IEX Real-Time Price · USD
38.45
+0.52 (1.37%)
Jul 22, 2024, 2:05 PM EDT - Market open
1.37%
Market Cap 4.84B
Revenue (ttm) 10.46B
Net Income (ttm) 245.00M
Shares Out 126.89M
EPS (ttm) 1.88
PE Ratio 20.42
Forward PE 6.55
Dividend n/a
Ex-Dividend Date n/a
Volume 892,067
Open 37.49
Previous Close 37.93
Day's Range 37.27 - 38.52
52-Week Range 30.75 - 53.94
Beta 1.60
Analysts Strong Buy
Price Target 56.40 (+46.68%)
Earnings Date Jul 17, 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]

Industry Airlines
Sector Industrials
Founded 1932
Employees 26,043
Stock Exchange NYSE
Ticker Symbol ALK
Full Company Profile

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 Statements

Analyst Forecast

According to 11 analysts, the average rating for ALK stock is "Strong Buy." The 12-month stock price forecast is $56.4, which is an increase of 46.68% from the latest price.

Price Target
$56.4
(46.68% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Citi Research's Stephen Trent on global outage impact on airlines

Stephen Trent, Citi Research airline analyst, joins 'Power Lunch' to discuss the impact of CrowdStrike's IT outage on the airline industry and more.

2 days ago - CNBC Television

Alaska Airlines 'well positioned' despite Q2 revenue miss, says CEO Ben Minicucci

Ben Minicucci, Alaska Airlines CEO, joins CNBC's 'The Exchange' to discuss Alaska's Q2 earnings, how the company is expanding high-end offerings, and more.

3 days ago - CNBC Television

Alaska Air Group reports second quarter 2024 results

Expected to lead the industry with adjusted pretax margin of 15.8% Achieved a completion rate of 99.5%, among the highest in the industry Reached tentative agreement with Alaska flight attendants repr...

4 days ago - PRNewsWire

Alaska Airlines announces major expansion of First Class and Premium seating

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...

4 days ago - PRNewsWire

Alaska Air third-quarter profit view lags estimates on hit from cabin crew deal

Alaska Air Group forecast third-quarter profit below estimates on Wednesday, citing a financial hit from its new flight attendant contract deal, while it topped market expectations for second-quarter ...

4 days ago - Reuters

Alaska & Hawaiian Airlines Apply To USDOT For Mutual Route Transfer

Alaska Airlines and Hawaiian Airlines have jointly filed two critical applications with the U.S. Department of Transportation in anticipation of the transaction completing their planned merger.

Other symbols: HA
5 days ago - Forbes

Alaska Air Group announces webcast of second-quarter 2024 financial results

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 secon...

11 days ago - PRNewsWire

Alaska Airlines expands winter travel options with 18 exciting new sun and ski routes

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...

12 days ago - PRNewsWire

Air travel demand is breaking records. Airline profits are not

Higher payroll and other expenses are eating into airline profits despite strong travel demand. Airlines have ramped up U.S. capacity, forcing some carriers to discount fares in off-peak periods.

14 days ago - CNBC

Record Alaska Airlines Flight Attendant Deal Sets Stage For American And United

Alaska Airlines and its flight attendants have reached a tentative agreement on a groundbreaking three-year contract deal that likely sets a path for deals at other larger airlines including American ...

19 days ago - Forbes

Alaska Airlines flight attendants set for 32% average pay rise in new tentative contract

Alaska Airlines' flight attendants are set for an average pay increase of 32% as part of a new three-year tentative labor agreement with the airline, a union representing the employees said.

19 days ago - Reuters

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...

20 days ago - PRNewsWire

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.

Other symbols: BA
23 days ago - Reuters

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.

26 days ago - Forbes

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.

4 weeks ago - Reuters

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...

4 weeks ago - CNBC

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...

4 weeks ago - PRNewsWire

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.

Other symbols: BA
4 weeks ago - Fast Company

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...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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. ...

5 weeks ago - Reuters

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 ...

6 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire