Alaska Air Group, Inc. (ALK)
| Market Cap | 5.00B |
| Revenue (ttm) | 10.35B |
| Net Income (ttm) | 259.00M |
| Shares Out | 128.05M |
| EPS (ttm) | 2.00 |
| PE Ratio | 19.54 |
| Forward PE | 9.74 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,812,516 |
| Open | 39.60 |
| Previous Close | 39.92 |
| Day's Range | 38.98 - 39.84 |
| 52-Week Range | 30.75 - 57.18 |
| Beta | 1.61 |
| Analysts | Buy |
| Price Target | 61.46 (+57.31%) |
| Earnings Date | Jan 25, 2024 |
About ALK
Alaska Air Group, Inc., through its subsidiaries, operated airlines. The company operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, and Belize; and for passengers across a shorter distance network within the United States and Canada. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington. [Read more]
Financial Performance
In 2022, ALK's revenue was $9.65 billion, an increase of 56.19% compared to the previous year's $6.18 billion. Earnings were $58.00 million, a decrease of -87.87%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for ALK stock is "Buy." The 12-month stock price forecast is $61.46, which is an increase of 57.31% from the latest price.
News
Alaska Airlines begins flying nine new routes to popular vacation spots
We're now boarding new nonstop international flights to the Bahamas and Guatemala along with all-new service between Las Vegas and Mexico and Palm Springs-New York JFK SEATTLE , Dec. 14, 2023 /PRNewsw...
Alaska Air Stock : Time to say 'aloha' after Hawaiian buyout dip?
This month, the Seattle-based airliner announced a plan to acquire depressed peer Hawaiian Holdings for approximately $1.9 billion inclusive of debt. Regulatory and shareholder approval hurdles remain...
Alaska Air sees Q4 capacity and revenue at high end of guidance amid strong holiday travel demand
Alaska Air Group Inc. ALK, +3.54% said Thursday it expects fourth-quarter capacity and revenue to come in at the high end of guidance, boosted by strong travel demand during the holiday season. “Our C...
After A 17% Fall This Year Is Alaska Air A Better Pick Than United Airlines Stock?
Given its better prospects, we believe Alaska Air stock (NYSE: ALK) is a better pick than its peer, United Airlines stock (NASDAQ NDAQ : UAL). UAL is trading at a marginally lower valuation of 0.3x re...
Optimism Around Alaska-Hawaiian Airlines Merger
Peter Ingram, CEO of Hawaiian Airlines, joins Bloomberg Radio to discuss the airline's deal to merge with Alaska Airlines. --------
Alaska Airlines teams up with Best Day Brewing to add craft non-alcoholic beer to its premium beverage line-up
At just 55 calories per can, Best Day Brewing Kölsch offers guests in all cabins a healthier alternative to traditional beer without sacrificing the classic taste SEATTLE , Dec. 11, 2023 /PRNewswire/...
US airlines' plans for growth constrained by antitrust concerns
Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which puts them in the crosshairs of anti-trust regulators.
Alaska Airlines Pilot Charges Reduced, FAA Forms Mental Health Panel
Recent incidents raise questions on managing the stress and mental health impact of safety-critical aviation roles, including pilots and air traffic controllers.
The Alaska-Hawaiian airlines deal isn't like other deals the DOJ has challenged: Peter Mucchetti
Peter Mucchetti, Clifford Chance partner and former DOJ antitrust attorney, joins 'Squawk Box' to discuss Alaska Airline's $1.9 billion deal to buy Hawaiian Airlines, the regulatory pushback the merge...
HAWAIIAN HOLDINGS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hawaiian Holdings, Inc. - HA
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Hawaiian Holding...
Hawaiian and Alaska Air merger will likely see government scrutiny, says Jefferies' Sheila Kahyaoglu
Sheila Kahyaoglu, Jefferies analyst, joins 'Closing Bell Overtime' to talk the surprise merger announcement from Hawaiian and Alaska Airlines.
S&P 500 Gains and Losses Today: Alaska Air Drops After Hawaiian Airline Purchase
The recent rally for U.S. equities took a breather, with the S&P 500 losing 0.5%, amid questions about whether the markets will be able to sustain the runup through December.
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Hawaiian Holdings, Inc.
NEW YORK , Dec. 4, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Hawaiian Holdings, Inc. (NASDAQ: HA) and its board of directors concerning the proposed ...
Alaska-Hawaiian merger faces a Justice Department that has been skeptical of airline deals
The Justice Department has challenged a host of deals, including two airline partnerships in recent years.
Alaska, Hawaiian Airlines: What the merger means for travelers
The $1.9 billion merger between Alaska and Hawaiian airlines could translate to fewer cheaper options for customers if the deal gets through regulators, which could take several months.
Hawaiian Air's 2-year bonds soar 18% on news of Alaska Air takeover
Hawaiian Air's parent stock was up 186% on Monday after Alaska Air Inc. said it's acquiring the company at a massive 270% premium.
Alaska Airlines and Hawaiian Airlines CEOs break down $1.9 billion cash merger
Peter Ingram, Hawaiian Airlines CEO, and Ben Minicucci, Alaska Airlines CEO, join 'Squawk on the Street' to discuss how long both sides were talking about a merger, how to convince the White House thi...
Alaska Airlines' Big Test: Hawaiian Airlines' Fleet And Brand Fusion
Both airlines have over 90 years of brand history but different offerings. A merger requires Alaska to integrate Hawaiian's mixed fleet and upscale onboard experience.
Midday Movers: Alaska Air Loses Altitude, Cruise Lines Get a Boost
U.S. equities began the new week lower at midday, as tech stocks fell to start the week after Friday's gains. The Dow, S&P 500, and Nasdaq all fell.
Alaska Airlines Shares Drops, Hawaiian Airlines Soars on $1.9B Merger
Alaska Air Group (ALK) shares fell 14% while shares of Hawaiian Holdings (HA) nearly tripled in pre-market trading Monday after Alaska Air Group said it would buy Hawaiian Holdings for $1.9 billion.
Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion deal
CNBC's Phil LeBeau joins 'Squawk Box' with the latest news out of the airlines industry.
Alaska and Hawaiian Airlines hope mega-merger will help them compete with the Big Four
Announced Sunday, the $1.9 billion deal potentially sets up a clash with the Biden administration, which has been wary of higher airfares. Alaska Airlines agreed to buy Hawaiian Airlines in a $1.9 bil...
Alaska Air downgraded to market perform from strong buy at Raymond James as Hawaiian deal likely to weigh on sentiment
Alaska Airlines Inc. ‘s stock ALK, +5.08% was downgraded to market perform from strong buy by Raymond James on Monday, after it announced it would acquire Hawaiian Airlines parent Hawaiian Holdings In...
Hawaiian Air's stock soars 174% after Alaska acquires airline for a 270% premium
Hawaiian Holdings Inc.'s stock HA, +8.24% soared 174% in premarket trade Monday, after Alaska Air Group Inc. ALK, +5.08% announced a deal to acquire the parent of Hawaiian Airlines for about $1.9 bill...
Alaska Air to Acquire Rival Hawaiian for $1.9 Billion
Alaska Air Group Inc. will purchase rival Hawaiian Holdings Inc. in a $1.9 billion deal that includes $18 per share in cash and about $900 million of Hawaiian's debt. Siddharth Philip reports on Bloom...