The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Alaska Air Group (ALK) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Alaska Air Group is one of 132 individual stocks in the Transportation sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Ran ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

SAN FRANCISCO, UNITED STATES - APRIL 22: Alaska Airlines planes takeoff and land at San Francisco ... [+] International Airport (SFO) in San Francisco, California, United States on April 22, 2024. (Photo by Tayfun Coskun/Anadolu via Getty Images)Anadolu via Getty ImagesAlaska 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 $0.92, compared to the consensus estimates ...

Alaska Air Group, Inc. (NYSE:ALK) Q1 2024 Earnings Conference Call April 18, 2024 11:30 AM ET Company Participants Ryan St. John - VP, Finance, Planning & Investor Relations Ben Minicucci - President & CEO Andrew Harrison - Chief Revenue Officer & Chief Commercial Officer Shane Tackett - CFO Nat Pieper - SVP, Fleet, Finance & Alliances & Treasurer Diana Birkett Rakow - SVP, Public Affairs and Sustainability, Alaska Airlines Conference Call Participants Andrew Didora - BofA Global Research Helane Becker - TD ...

ALASKA AIR GROUP Q1 2024 Earnings Safe Harbor This presentation may contain forward-looking statements subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These statements relate to future events and involve known and unknown risks and uncertainties that may cause actual outcomes to be materially different from those indicated by our forward-looking statement ...

Alaska Air Group, Inc. (ALK) reported first-quarter 2024 loss per share of 92 cents, which was narrower than the Zacks Consensus Estimate of a loss of $1.09. In the year-ago reported quarter, ALK reported a loss of 62 cents per share.Operating revenues of $2,232 million surpassed the Zacks Consensus Estimate of $2,179.3 million. The top line jumped 2% year over year, with passenger revenues accounting for 89.7% of the top line and increasing 1% owing to continued recovery in air-travel demand.Passenger reve ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key TakeawaysAlaska Air Group posted a smaller-than-expected first-quarter loss and higher revenue as travel demand helped offset the January midair incident on a Boeing 737 Max 9 jet that led to the grounding of many of its planes.The carrier received $162 million in compensation from Boeing in the first quarter because of the door plug blowout.Alaska Air gave current-quarter guidance that exceeded analysts' estimates. Shares of Alaska Air Group (ALK) took off in intraday trading Thursday after the airline ...

For the quarter ended March 2024, Alaska Air Group (ALK) reported revenue of $2.23 billion, up 1.6% over the same period last year. EPS came in at -$0.92, compared to -$0.62 in the year-ago quarter.The reported revenue represents a surprise of +2.42% over the Zacks Consensus Estimate of $2.18 billion. With the consensus EPS estimate being -$1.09, the EPS surprise was +15.60%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Alaska Air Group (ALK) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $1.09. This compares to loss of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.60%. A quarter ago, it was expected that this airline would post earnings of $0.18 per share when it actually produced earnings of $0.30, delivering a surprise of 66.67%.Over the last four quarters, the company has surp ...