Alaska Air(ALK)

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Alaska Air Group Digital Transformation Strategy 2024 - Accelerators, Incubators and Other Innovation Programs
GlobeNewswire News Room· 2024-12-06 09:26
Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Alaska Air Group Inc. - 2024" company profile has been added to ResearchAndMarkets.com's offering. The report provides insights into the company's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and investments. The report provides information and insights into Alaska Air's tech activities, including: Insights of its digital transformation strategies and in ...
Alaska Airlines IT issue grounds flights, disrupts Cyber Monday orders
Fox Business· 2024-12-03 15:06
Business is back to normal for Alaska Airlines after the airline experienced an information technology (IT) issue on Monday that disrupted bookings and delayed flights at Seattle-Tacoma International Airport (Sea-Tac), according to reports. "This morning we experienced an IT issue that resulted in a significant disruption to our operation including delayed flights," a statement from the airline to local KIRO Newsradio said.The Seattle-based airline requested a brief ground stop at Sea-Tac Airport at 11:20 ...
Alaska Air Gains 46.5% in 3 Months: What Should Investors Do Now?
ZACKS· 2024-12-02 19:20
Shares of Seattle, WA-based airline heavyweight Alaska Air Group (ALK) have had a good time on the bourses of late, improving in double-digits over the past three months. The encouraging price performance resulted in ALK outperforming its industry in the said time frame. Moreover, ALK’s price performance compares favorably with that of fellow U.S. airline operators Southwest Airlines Co. (LUV) and JetBlue Airways Corporation (JBLU) in the past three months.Three-Month Price ComparisonGiven the recent rally, ...
Alaska Airlines Boosts Its Network, Starts Launching New Flights
ZACKS· 2024-11-26 16:46
Alaska Air Group’s (ALK) wholly-owned subsidiary, Alaska Airlines, is set to enhance its services as it launches new nonstop routes from the West Coast to top winter destinations. Flights from Los Angeles to La Paz, Mexico, have already been launched.The remaining nine routes from the West Coast to various winter destinations will be launched in December. The December route additions include new connections from Fresno to Guadalajara and Boise to Bozeman.The new routes would make it easier for travelers to ...
Alaska Airlines wins 2024 Business Traveler Award for Best Inflight Food & Beverage
Prnewswire· 2024-11-22 15:00
The honor recognizes recent significant investments in our inflight culinary experienceSEATTLE, Nov. 22, 2024 /PRNewswire/ -- Alaska Airlines is proud to be named the winner of the 2024 Business Traveler North America Award for Best Inflight Food & Beverage. This recognition celebrates our commitment to elevating the culinary experience with an innovative and thoughtful approach to crafting premium meal and beverage offerings for every guest, regardless of where they sit. Alaska Airlines is proud to be ...
Alaska Airlines launches new service from West Coast cities to top winter destinations starting today
Prnewswire· 2024-11-20 13:00
This winter, we're enhancing connectivity to exciting nonstop destinations for adventure and warmthSEATTLE, Nov. 20, 2024 /PRNewswire/ -- Alaska Airlines is ready to connect guests from key West Coast cities to vibrant destinations across North and Latin America this winter with ten exciting nonstop routes.Starting today, guests can travel between Los Angeles and La Paz, Mexico, solidifying our position as the #1 U.S.-based carrier with the most flights from the West Coast to the most destinations in Mexico ...
Here's Why Investors Should Retain Alaska Airlines Stock Now
ZACKS· 2024-11-18 15:00
Alaska Air Group’s (ALK) wholly owned subsidiary, Alaska Airlines, is benefiting from an increased air travel demand scenario. The company’s proactive efforts to expand its network are praiseworthy. However, ALK is grappling with high operating expenses and weak liquidity.Factors Favoring ALKThe uptick in air travel demand is boosting ALK's top line, with consolidated traffic (measured in revenue passenger miles) rising by 8% to 16.97 billion in the third quarter of 2024. To meet this surge in demand, capac ...
Alaska Airlines announces leadership promotions across key functions of new combined organization
Prnewswire· 2024-11-13 16:00
These leaders and their new Alaska Airlines leadership roles are: Natalie Bowman, vice president of digital experience Cameron Cloar-Zavaleta, vice president of legal Megan Ouellette, vice president of public and government affairs Alexa Rudin, vice president of communications Todd Traynor-Corey, vice president of guest products & experience "Our company is positioned for continued growth and success in the years ahead, and I am extremely grateful for the entire team that got us to this point and who wil ...
Alaska Airlines unveils suite of elevated West Coast offerings debuting this fall
Prnewswire· 2024-11-13 13:00
Starting this fall, guests will enjoy Lagunitas Hoppy Refresher, a non-alcoholic sparkling water with a refreshing hoppy kick; Straightaway Nitro Espresso Martini made with Stumptown Coffee Roasters for a smooth, inflight indulgence; a Filson blanket for our First Class guests to enjoy top-tier comfort mid-air; and Salt & Stone amenities for guests in our Lounges and on board to refresh and rejuvenate. "Our guests value unique, high-quality experiences, and these new products allow us to elevate their journ ...
ALK licenses rights to neffy®, the first approved adrenaline nasal spray for emergency treatment of allergic reactions (anaphylaxis)
GlobeNewswire News Room· 2024-11-09 22:30
Core Insights - ALK has entered into a strategic license agreement with ARS Pharmaceuticals for exclusive global rights to the neffy® adrenaline nasal spray, excluding the USA, Australia, New Zealand, Japan, and China, aligning with ALK's Allergy+ strategy and long-term financial goals [1][3][9] Product and Market Potential - neffy® is the first approved needle-free emergency treatment for anaphylaxis, with market authorization granted in the EU and the US in August 2024, and plans for Canadian regulatory submission by the end of 2024 [2][17] - The agreement allows ALK to explore future indications, including acute urticaria flares, with a Phase IIb clinical trial planned for 2025 [4][9] - ALK aims to launch neffy® in Europe and Canada, which are the second and third largest adrenaline autoinjector markets, leveraging existing sales channels [5][7] Financial Implications - ALK will pay an upfront fee of USD 145 million (DKK 1 billion) to ARS Pharma, with potential additional payments of up to USD 320 million (DKK 2.2 billion) based on regulatory and commercial milestones over the next 15+ years [10][11] - The long-term annual peak sales potential for neffy® in anaphylaxis is estimated at up to DKK 3 billion in the licensed territories, with additional upside from new indications [9][12] - The agreement is expected to contribute to revenue growth starting in 2025, with an initially limited impact but projected to be earnings accretive within a few years [12][13] Strategic Alignment - The deal supports ALK's strategy to establish a leading position in anaphylaxis and related disease areas, enhancing its existing portfolio of allergy treatments [3][8] - ALK will continue to market its adrenaline autoinjector Jext® while developing a next-generation autoinjector through its Genesis project [8][9]