Alaska Air Group Inc. ALK stock just hit a technical milestone that no investor wants to see: a Death Cross.This ominous indicator occurs when the 50-day simple moving average (SMA) crosses below the 200-day SMA, signaling a potential continuation of the stock's downward trajectory. Alaska Air stock is already down 7.93% year-to-date and 20.83% over the past year, and this latest development could mean the skies are about to get even rougher. Chart created using Benzinga ProRough Skies: The Technical Pictur ...

Alaska Air Group’s (ALK) wholly owned subsidiary, Alaska Airlines, is making an investment in JetZero, a pioneering company developing a new blended-wing body or BWB aircraft designed to reduce fuel burn by up to 50% and significantly lower emissions.JetZero's BWB aircraft features an integrated wing-fuselage design that significantly reduces aerodynamic drag, potentially cutting fuel consumption by 50% compared to traditional designs. This reduction in fuel use can lower carbon emissions and operating cost ...

An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024.Alaska Airlines flight attendants rejected a new labor deal that would have come with immediate raises averaging more than 24%, their union said Wednesday, setting both sides up for more talks as a merger with Hawaiian Airlines looms.The union and the company had reached a tentative "record" agreement in June, which included boarding pay, as well as ba ...

"As our second largest hub, Portland is an essential part of Alaska's future. Our deep collaboration and joint investment with the Port of Portland on this new world-class terminal highlights our focus on improving how our guests travel," said Shane Jones, senior vice president of fleet, revenue products and real estate at Alaska Airlines.  "With nearly 90% of our passengers now checking in before they arrive at the airport, we've launched our lobby of the future experience in Portland which simplifies drop ...

JetZero's pioneering blended wing body aircraft contributes to aviation's sustainability journey with significant improvements in fuel efficiency SEATTLE, Aug. 13, 2024 /PRNewswire/ -- Alaska Airlines announced today an investment in JetZero, a pioneering company developing a new blended-wing body (BWB) aircraft that will provide up to 50% less fuel burn and lower emissions. The investment reflects Alaska's commitment to advance new technology that will benefit the future of aviation, including those that e ...

Alaska Air Group’s (ALK) wholly owned subsidiary, Alaska Airlines, renewed its partnership with Air Space Intelligence or ASI, the creator of Flyways. This renewal strengthens the airline’s commitment to using innovative technology, including artificial intelligence (AI), to optimize operations and boost fuel efficiency. This initiative supports Alaska Airlines' sustainability goals and long-term path to achieving net-zero carbon emissions.For the past four years, Alaska Airlines has used ASI's Flyways AI p ...

Starting Aug. 14, guests will be able to preorder from the special menu, which features a series of Chef Jew's signature dishes, including his take on the classic Chinese breakfast porridge known as congee, black cod cooked to perfection with a side of silken tofu and tender slow-braised duck served with savory sesame egg noodles. We're using the same high-quality poultry from Liberty Farms in Sonoma County that is featured at Mister Jiu's as their trademark Peking Style Whole Roast Duck, as well as other M ...

For the last four years, Alaska has utilized ASI's Flyways AI platform and the Dispatch application in their Network Operations Center. Dispatchers use Flyways to help them optimize flight routes, reduce fuel consumption and carbon emissions, as well as improve on-time arrivals. On average Flyways AI has presented optimization opportunities for 55 percent of Alaska's flights and delivered three to five percent fuel savings and emissions reductions for flights longer than four hours. Specifically last year, ...

Alaska Air Group’s (ALK) top line is bolstered by strong air travel demand. The company’s efforts to expand and reward its shareholders are praiseworthy. However, elevated operating expenses and weak liquidity are hurting the company’s prospects.Factors Favoring ALKUpbeat air travel demand bodes well for ALK as it delivered a robust top-line performance in the second quarter of 2024. In this quarter, Alaska Air saw a 2% increase in Revenue Passenger Miles (RPMs) and a 6% increase in capacity, measured in av ...

Financial Performance - Total operating revenue for Q2 2024 was $2,897 million, a 2.1% increase from $2,838 million in Q2 2023[16] - Passenger revenue reached $2,651 million, up from $2,598 million year-over-year, reflecting a 2.0% growth[16] - Net income for the quarter was $220 million, compared to $240 million in the same quarter last year, representing a decrease of 8.3%[16] - Basic earnings per share (EPS) for Q2 2024 was $1.74, down from $1.88 in Q2 2023, a decline of 7.4%[16] - Total operating revenue for the three months ended June 30, 2024, was $2,897 million, a decrease from $2,838 million in the same period of 2023, representing a decline of 2.1%[78] - Passenger revenue for the three months ended June 30, 2024, was $2,651 million, compared to $2,598 million in the same period of 2023, reflecting an increase of 2.0%[78] - Total operating expenses for the three months ended June 30, 2024, were $2,575 million, up from $2,501 million in the same period of 2023, indicating an increase of 2.9%[78] - Income before income tax for the three months ended June 30, 2024, was $316 million, compared to $325 million in the same period of 2023, showing a decrease of 2.8%[78] - The pretax margin for the three months ended June 30, 2024, was 10.9%, down from 15.8% in the same period of 2023[78] - Total operating revenue for the six months ended June 30, 2024, was $5,129 million, a decrease from $5,034 million in the same period of 2023, reflecting a year-over-year decline of 0.2%[1] - Passenger revenue for the six months ended June 30, 2024, was $4,655 million, compared to $4,582 million in the same period of 2023, indicating an increase of 1.6%[1] - Total operating expenses for the six months ended June 30, 2024, were $4,973 million, up from $4,883 million in the same period of 2023, representing a year-over-year increase of 1.8%[1] - The income before income tax for the six months ended June 30, 2024, was $138 million, a significant decrease from $126 million in the same period of 2023, reflecting a year-over-year increase of 9.5%[1] - The pretax margin for the six months ended June 30, 2024, was 2.7%, a decrease from 8.0% in the same period of 2023[1] Assets and Liabilities - Total current assets increased to $3,376 million from $2,705 million at the end of 2023, a growth of 24.8%[12] - Total assets rose to $15,342 million, up from $14,613 million at the end of 2023, an increase of 5.0%[14] - Total current liabilities increased to $4,968 million, compared to $4,459 million at the end of 2023, a rise of 11.5%[14] - The company reported a total of $1,115 million in cash and cash equivalents, significantly up from $281 million at the end of 2023[12] - Retained earnings as of June 30, 2024, were $4,623 million, an increase from $4,535 million as of June 30, 2023[20] - Total long-term debt increased to $2,313 million as of June 30, 2024, up from $2,182 million at December 31, 2023, representing a 6% increase[50] - The company incurred $348 million in new debt during the six months ended June 30, 2024, including $280 million secured by aircraft and flight simulators[51] - The weighted-average fixed-interest rate for long-term debt was 3.3% as of June 30, 2024, slightly down from 3.4% at the end of 2023[50] - The company has total principal payments of $2,686 million due over the next five years, with the largest payment of $666 million due in 2027[52] Cash Flow and Investments - Cash provided by operating activities for the six months ended June 30, 2024, was $872 million, an increase of 4.81% from $832 million in the same period of 2023[23] - The company reported a net cash increase of $824 million for the six months ended June 30, 2024, compared to $188 million in the prior year, representing a significant increase[23] - The balance of cash, cash equivalents, and restricted cash at the end of the period was $1,132 million, up from $557 million at the end of June 30, 2023[25] - The company repurchased common stock totaling $49 million during the six months ended June 30, 2024, compared to $57 million in the same period of 2023[23] - The company repurchased 1.2 million shares for $49 million during the six months ended June 30, 2024, with a total of $262 million remaining under the share repurchase program[65] Revenue and Traffic - Ancillary passenger revenue increased to $135 million for the three months ended June 30, 2024, from $123 million in 2023, and for six months it rose to $243 million from $227 million[35] - Mileage Plan passenger revenue reached $290 million for the three months ended June 30, 2024, up from $268 million in 2023, and $538 million for six months compared to $500 million in 2023[36] - Total deferred revenue balance as of June 30, 2024, was $2.641 billion, an increase from $2.577 billion at the end of June 2023[41] - The company recorded $150 million and $717 million in passenger revenue from prior year-end air traffic liability for the three and six months ended June 30, 2024, respectively[39] - The company reported a total of 2,651 million in passenger revenue for the Mainline segment, while the Regional segment generated $477 million in passenger revenue for the same period[78] - The Horizon segment reported $112 million in CPA revenue for the three months ended June 30, 2024[78] Acquisition and Integration - The company has agreed to acquire Hawaiian Holdings, Inc. for $18.00 per share, totaling approximately $1.0 billion in cash, and will assume Hawaiian's debt and lease obligations[30] - Integration costs incurred by the company were $30 million for the three months and $38 million for the six months ended June 30, 2024, primarily for professional services[32] - The company expects to continue incurring integration costs as activities supporting the proposed acquisition proceed[33] Market and Risk - There have been no material changes in market risk from the previous disclosures in the Annual Report for the year ended December 31, 2023[2]