We'll offer the most nonstop destinations ever this summer from Alaska's largest city along with daily Portland-Fairbanks service; other new nonstops begin this week across our networkSEATTLE, Jan. 7, 2025 /PRNewswire/ -- For the first time this summer, Alaska Airlines is connecting Anchorage to both Detroit and Sacramento with seasonal nonstop flights, as well as resuming nonstop service between Fairbanks and Portland. Weekly, roundtrip flights to and from Detroit and Sacramento begin on June 14, 2025 – wh ...

Market Performance - U.S. stock markets experienced a significant rally in 2024, following a remarkable bull run in 2023, with the S&P 500 rising 23.3% last year after a 24.2% increase in 2023, marking a total increase of 53% over the two years, the best performance since 1997-98 [1] - The S&P 500 achieved 57 all-time highs in 2024, while the Dow and Nasdaq Composite rose 12.9% and 28.6% respectively last year [1] Recent Market Trends - In December, Wall Street struggled to maintain momentum, with the Dow dropping 5.3%, the S&P 500 falling 2.5%, and the Nasdaq Composite only increasing by 0.5% [2] Stock Recommendations - Five stocks are expected to maintain their momentum in January: Doximity Inc. (DOCS), Southwest Airlines Co. (LUV), Alaska Air Group Inc. (ALK), Dropbox Inc. (DBX), and Paramount Global (PARAA), all holding a Zacks Rank 1 (Strong Buy) and a Zacks Momentum Score of A [3][4] Company Insights Doximity Inc. (DOCS) - Doximity provides a digital platform for medical professionals, enabling collaboration and access to medical news and research [5] - Expected revenue and earnings growth rates for the current year are 13.4% and 14.5% respectively, with a 10% improvement in the Zacks Consensus Estimate for current-year earnings over the last 60 days [6] Southwest Airlines Co. (LUV) - Southwest Airlines is benefiting from increased air travel demand, anticipating a 5.5-7% year-over-year increase in fourth-quarter 2024 unit revenues [7] - The company is focused on cost-cutting and fleet modernization, with a strong liquidity position allowing for shareholder rewards through buybacks and dividends [8] - Expected revenue and earnings growth rates for the current year are 5.8% and 107.7% respectively, with a 4.5% improvement in the Zacks Consensus Estimate for current-year earnings in the last 30 days [9] Alaska Air Group Inc. (ALK) - Alaska Air Group is also benefiting from improved air travel demand, with total revenues increasing by 4% in the first nine months of 2024 [10] - The company is modernizing its fleet and has resumed share buybacks, with low fuel costs positively impacting its bottom line [11] - Expected revenue and earnings growth rates for the current year are 24.3% and 34.3% respectively, with an 8.7% improvement in the Zacks Consensus Estimate for current-year earnings in the last 30 days [12] Dropbox Inc. (DBX) - Dropbox is experiencing growth in its user base and average revenue per paying user (ARPU), with 18.24 million paying users and an ARPU of $139.05 [13] - The company has a strong balance sheet and generates significant free cash flow, with expected revenue and earnings growth rates of 0.2% and 9.6% respectively, and a 19.7% improvement in the Zacks Consensus Estimate for current-year earnings over the last 60 days [14] Paramount Global (PARAA) - Paramount Global operates in media, streaming, and entertainment, with a diverse portfolio including CBS, Showtime, and Nickelodeon [15] - The expected earnings growth rate for the current year is 54.7%, despite a negative revenue growth rate, which is projected to be 0.2% for next year, with a more than 100% improvement in the Zacks Consensus Estimate for current-year earnings over the last 60 days [16]

Alaska Air Group (ALK) is benefiting from its robust strategic plan, ‘Alaska Accelerate’, to boost its global connectivity, which is commendable. An uptick in air travel demand bodes well for the company. Due to these tailwinds, ALK shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s delve deeper.ALK’s Northward Earnings Estimate Revision: In the past 60 days, the Zacks Consensus Estimate for 2025 earnings has been r ...

Executive John Wiitala joins Alaska with more than 34 years of airline experienceSEATTLE, Jan. 6, 2025 /PRNewswire/ -- Alaska Airlines has named John Wiitala as its new vice president of maintenance and engineering. In this principal leadership role, Wiitala will lead professionals throughout the division who maintain the highest levels of safety and compliance with more than 237 mainline Boeing aircraft across multiple maintenance bases. John Wiitala, VP M&E at Alaska Airlines Wiitala joins Alaska aft ...

Valuation Metrics - ALK currently trades at a PEG ratio of 0 89, lower than the industry average of 0 99 [1] - ALK is being traded at a Forward P/E ratio of 15 14, which is a premium compared to the industry average of 10 29 [3] Stock Performance - ALK's stock price reached $64 87, with a -1 46% movement compared to the previous day [4] - ALK's stock has climbed by 25 15% in the past month, outperforming the Transportation sector's loss of 6 6% and the S&P 500's loss of 0 36% [6] Earnings and Revenue Estimates - Zacks Consensus Estimates project earnings of $4 35 per share and revenue of $11 8 billion for the full year, showing changes of -3 97% and +13 17% respectively from the preceding year [7] - ALK's upcoming earnings per share (EPS) are projected to be $0 45, reflecting a 50% increase from the same quarter last year, with revenue forecasted at $3 49 billion, indicating a 36 57% growth compared to the corresponding quarter of the prior year [10] Analyst Estimates and Zacks Rank - Recent changes to analyst estimates for ALK reflect the ever-changing nature of near-term business trends, with upward revisions indicating positivity towards the company's business operations [5] - ALK holds a Zacks Rank of 3 (Hold), and the Zacks Consensus EPS estimate has shifted 2 78% upward over the past month [8] Industry Overview - The Transportation - Airline industry is part of the Transportation sector and currently holds a Zacks Industry Rank of 26, placing it in the top 11% of all 250+ industries [11] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [12]

The latest trading session saw Alaska Air Group (ALK) ending at $67.60, denoting a +0.19% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.1%. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, added 1.35%.Heading into today, shares of the airline had gained 26.25% over the past month, outpacing the Transportation sector's loss of 6.52% and the S&P 500's gain of 0.22% in that time.The investment community will be paying close attention to ...

SAN DIEGO, CALIFORNIA - NOVEMBER 18: An Alaska Airlines Boeing 737 MAX 9 approaches San Diego ... [+] International Airport for a landing on November 18, 2024 in San Diego, California. (Photo by Kevin Carter/Getty Images)Getty Images Alaska Air stock (NYSE: ALK) is up nearly 20% in this month after the company raised its Q4 outlook. Alaska now expects its Q4 earnings to be in the range of $0.40 and $0.50 per share, versus its prior guidance of $0.20 to $0.40. The company will benefit from its recently close ...

Core Points - Alaska Airlines has announced new nonstop service between San Diego International Airport and Ronald Reagan Washington National Airport (DCA), becoming the only airline to offer this direct route [1][2] - The U.S. Department of Transportation approved Alaska Airlines' application for this service as part of the Federal Aviation Administration Reauthorization Act of 2024 [2] - The new route aims to enhance connectivity for San Diego's defense, research, and innovation sectors to the nation's capital [3][4] Company Strategy - Alaska Airlines emphasizes its commitment to San Diego, highlighting the region's significant military community and economic sectors that require efficient access to Washington, D.C. [3][4] - The airline plans to expand its Lounge program, nearly doubling its footprint in three years, with new lounges in San Diego and Honolulu, and a world-class lounge in Seattle [5] - Alaska Airlines is increasing Premium Class seating across its fleet to meet demand, enhancing passenger comfort with new features such as USB-C charging capabilities and improved seat designs [6][7] Market Position - Alaska Airlines will offer 40 nonstop destinations and over 70 peak-day departures from San Diego when the new service to DCA begins [3] - The airline currently serves the largest number of passengers at any U.S. airport without service to DCA, indicating a strong market opportunity [4] - Alaska Air Group, which includes subsidiaries like Hawaiian Airlines, serves over 140 destinations across North America, Central America, Asia, and the Pacific [8]

NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The State of Alaska, Department of Revenue (DOR), in collaboration with Saige Consulting (“Saige”), is excited to announce a new partnership aimed at modernizing the application process for the Alaska Permanent Fund Dividend. Established in 1976, the Alaska Permanent Fund was created to ensure that future generations would benefit from the state's natural resources long after they are depleted. This fund translates Alaska's natural resource revenues into annual di ...

The latest trading session saw Alaska Air Group (ALK) ending at $63.40, denoting a +1.33% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.38%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 1.24%.The airline's shares have seen an increase of 15.96% over the last month, surpassing the Transportation sector's loss of 4.05% and the S&P 500's gain of 1.17%.Investors will be eagerly watching for th ...