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 ...

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 ...

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 ...

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]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8957 ALASKA AIR GROUP, INC. Delaware 91-1292054 (State of Incorporation) (I.R.S. Employer Identification No.) 19300 International Boulevard ...

Alaska Air Group, Inc. (ALK) reported solid third-quarter 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Quarterly earnings per share (EPS) of $2.25 outpaced the Zacks Consensus Estimate of $2.20 and improved 22.9% on a year-over-year basis. The reported figure met the higher end of the guided range of $2.15-$2.25.Find the latest EPS estimates and surprises on ZacksEarnings Calendar.Operating revenues of $3.07 billion beat the Zacks Consensus Estimate of $2.98 billi ...

Alaska Air Group (ALK) reported $3.07 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.2%. EPS of $2.25 for the same period compares to $1.83 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.99 billion, representing a surprise of +2.84%. The company delivered an EPS surprise of +2.27%, with the consensus EPS estimate being $2.20.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Exhibit 99.1 October 31, 2024 Media contact: Investor/analyst contact: Media Relations Ryan St. John (206) 304-0008 VP Finance, Planning and Investor Relations ALKInvestorRelations@alaskaair.com Alaska Air Group reports third quarter 2024 results Completed acquisition of Hawaiian Airlines Led the industry in adjusted pretax margin SEATTLE — Alaska Air Group (NYSE: ALK) today reported financial results for the third quarter ending September 30, 2024. Air Group closed out a strong third quarter, generating GA ...

Members are rewarded sooner at new milestones and can choose from various perksMembers can rack up elite-qualifying miles to reach milestones and status when they redeem award travel, make credit card purchases and moreWe'll offer new options for earning and redeeming worldwide with our global partnersAs Alaska and Hawaiian Airlines combine, a new single loyalty program is on the horizonSEATTLE, Oct. 16, 2024 /PRNewswire/ -- The most generous loyalty program in the industry is about to reward our members wi ...

SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Sift, the AI-powered fraud platform securing digital trust for leading global businesses, today announced that it has been selected by Alaska Airlines to prevent payment fraud and manage chargeback disputes. By implementing Sift's platform, Alaska Airlines is able to automatically identify and stop payment fraud—while reducing unnecessary friction for customers. "We pride ourselves on providing a seamless experience for our guests from the moment they book th ...