Alaska Air(ALK)

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Why Alaska Air Group (ALK) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-06-27 14:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...
Wall Street Analysts Believe Alaska Air (ALK) Could Rally 35.64%: Here's is How to Trade
ZACKS· 2024-06-27 14:55
Alaska Air Group (ALK) closed the last trading session at $40.68, gaining 0.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $55.18 indicates a 35.6% upside potential.The average comprises 11 short-term price targets ranging from a low of $42 to a high of $75, with a standard deviation of $9.47. While the lowest estimate indicates an increase of 3.2% from the current price level, ...
How Profitable Is Alaska Air?
Forbes· 2024-06-26 10:00
An Alaska Airlines Boeing 737-9 MAX sits at gate at O'Hare International Airport in Chicago, ... [+] Illinois on May 22, 2024. (Photo by Daniel SLIM / AFP) (Photo by DANIEL SLIM/AFP via Getty Images)AFP via Getty ImagesAlaska 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. Even if we look at a slightly longer term, the net margins have expanded. In this note, we discuss Alaska Air’s margin profile alon ...
Alaska Air (ALK) Arm & Flight Attendants Ink Tentative Deal
ZACKS· 2024-06-24 16:15
Alaska Airlines, the wholly-owned subsidiary of Alaska Air Group (ALK) , reached a provisional pay-related agreement with Association of Flight Attendants-CWA. The tentative deal covers more than 6,500 flight attendants of Alaska Airlines. Further details of the agreement have not yet been released.The deal, on materialization, is likely to result in a significant pay raise for the concerned employees. The provisional deal has been reached after two years of negotiations.We note that tentative agreements do ...
Alaska Airlines, flight attendants reach 'record' tentative labor deal
CNBC· 2024-06-21 23:26
An Alaska Airlines Boeing 737-9 MAX sits at gate at O'Hare International Airport in Chicago, Illinois on May 22, 2024.Alaska Airlines flight attendants' union said Friday that it reached a "record" tentative labor deal with the carrier, ending a drought of new contracts for cabin crews that have clamored for pay raises for years.The details of the deal, struck under federal mediation, weren't immediately made public. It will be reviewed by union leadership and then voted on by membership, the Association of ...
Wall Street Favorites: 3 Transportation Stocks With Strong Buy Ratings for June 2024
Investor Place· 2024-06-21 18:05
In June 2024, the transportation sector draws significant attention from Wall Street analysts, with several stocks receiving strong buy ratings. Analysts are particularly bullish on three standout companies that demonstrate robust fundamentals, which makes them my favorites to recommend to investors.Investors seeking opportunities in the transportation industry may find these stocks particularly compelling. They are well-poised to capitalize on current economic trends and future developments.What’s great ab ...
4 Airline Stocks to Invest Now as Air Travel Demand Surges
ZACKS· 2024-06-21 16:05
Solid recovery in air travel demand, both domestic and international, has been aiding the Zacks Airline industry post the easing of COVID-19 travel restrictions and the reopening of the global economy. People are again booking flights, thereby leading to higher passenger revenues, which contribute to the bulk of most airlines’ top line.We believe that the current summer season is likely to see a further surge in passenger revenues, in turn aiding airlines’ top lines. Per Airlines for America, U.S. airlines ...
Alaska Air Group (ALK) Declines More Than Market: Some Information for Investors
ZACKS· 2024-06-20 23:21
Alaska Air Group (ALK) closed the most recent trading day at $41.34, moving -0.41% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. Meanwhile, the Dow experienced a rise of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.79%.Heading into today, shares of the airline had lost 4.79% over the past month, outpacing the Transportation sector's loss of 4.81% and lagging the S&P 500's gain of 3.59% in that time.The investment community will be closely monito ...
Are Investors Undervaluing Alaska Air Group (ALK) Right Now?
ZACKS· 2024-06-19 14:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being un ...
Wall Street Bulls Look Optimistic About Alaska Air (ALK): Should You Buy?
ZACKS· 2024-06-19 14:35
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Alaska Air Group (ALK) .Alaska Air currently has an average brokerage recommendation (ABR) of 1 ...