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Alaska Air Group (ALK) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-02-24 00:16
Alaska Air Group (ALK) ended the recent trading session at $38.65, demonstrating a -1.85% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.04% for the day. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.28%.Shares of the airline witnessed a gain of 5.24% over the previous month, beating the performance of the Transportation sector with its gain of 4.15% and the S&P 500's gain of 5.01%.The ...
Head of Boeing's 737 Max program leaves company after Alaska Air door blowout
New York Post· 2024-02-21 20:21
Boeing said the head of its 737 Max program is leaving as it continues to grapple with fallout over the midair door blowout on an Alaska Air flight last month.Ed Clark, who led Boeing’s troubled department that also oversees the production of its embattled Max 9 model, is leaving immediately, Stan Deal, the chief executive of the commercial airplanes unit, said in a Wednesday memo to employees obtained by The Post.According to his LinkedIn, Clark’s exit caps off a nearly 15-year stint at the Seattle-based f ...
Alaska Air flight attendants authorize strike for first time in over 30 years
Fox Business· 2024-02-14 01:05
Unionized flight attendants at Alaska Airlines on Tuesday voted to authorize a potential strike for the first time in three decades as thousands of cabin crew across three unions picketed for higher pay outside airports in the U.S., the United Kingdom and Guam. Out of 93.47% of Alaska Air flight attendants represented by the Association of Flight Attendants (AFA-CWA) who participated in Tuesday's vote, 99.48% voted in favor of authorizing a strike. Strike authorization votes are common tactics in negotiatio ...
Alaska Air's (ALK) Subsidiary Offers New Services in Portland
Zacks Investment Research· 2024-02-13 19:06
Alaska Air Group’s (ALK) subsidiary, Alaska Airlines, is gearing up with new lucrative offers to attract more customers in Portland.ALK will offer a premium travel experience to all its guests in Portland or across its expanding network. Passengers are likely to enjoy First Class and Premium Class facilities, various fare offerings, a generous loyalty program with a Mileage Plan with the fastest path to elite status, 30 global partners and West Coast food and beverage on board.Notably, the company has added ...
Alaska Air(ALK) - 2023 Q4 - Annual Report
2024-02-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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, Seattle ...
Lawsuit expands with new allegations against Boeing, Alaska Airlines over 737 Max 9 panel blowout
Fox Business· 2024-02-07 23:06
An attorney representing a group of passengers on Alaska Airlines Flight 1282 that suffered a depressurization after a door plug panel blew off a Boeing 737 Max 9 midflight has expanded the lawsuit with new allegations about the incident. Mark Lindquist, an attorney representing 22 passengers who were on Flight 1282 when the emergency occurred in a lawsuit against Alaska Airlines and Boeing, said the newly amended lawsuit includes a new allegation that passengers on a prior flight of the aircraft heard a wh ...
Alaska Airlines Door Blowout Incident Could Happen Again, NTSB Chair Says—Claiming Boeing Has ‘Quality Control Problem'
Forbes· 2024-02-07 17:07
ToplineThe problem that caused a door plug to blow off a Boeing 737 Max 9 plane during an Alaska Airlines flight last month could happen again, according to National Transportation Safety Board chair Jennifer Homendy, who added to recent criticism of Boeing by claiming the airplane manufacturer has a “quality control problem.”A preliminary report by the agency determined four key bolts were missing from the plane. Copyright 2024 The Associated Press. All rights reserved. Key FactsHomendy told CNN an inciden ...
Boeing Jet Involved in Alaska Airlines Incident Was Missing Four Bolts, Regulator Says
Investopedia· 2024-02-07 15:30
KEY TAKEAWAYSFour bolts were missing from the door plug of the Boeing plane that had the mid-air incident on an Alaska Airlines flight last month, according to an NTSB report.Records also show that there were damaged rivets on the door plug, the NTSB report said.Boeing said it will take immediate action to strengthen quality in response to the report.Four bolts that hold a door plug in place were missing from the Boeing (BA) 737 Max 9 that lost part of the aircraft in midflight last month, a U.S. regulator ...
Four Missing Bolts Confound Alaska Airlines' 737-9 MAX Investigation
Forbes· 2024-02-07 09:17
PORTLAND, OREGON - JANUARY 7: In this National Transportation Safety Board (NTSB) handout, NTSB ... [+] Investigator-in-Charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX on January 7, 2024 in Portland, Oregon. A door-sized section near the rear of the Boeing 737-9 MAX plane blew off 10 minutes after Alaska Airlines Flight 1282 took off from Portland, Oregon on January 5 on its way to Ontario, California. (Photo by NTSB via Getty Images)Getty Images The Nation ...
Boeing 737 Was Missing Bolts Before Door Plug Flew Off During Alaska Airlines Flight, Federal Probe Says
Forbes· 2024-02-06 21:46
ToplineThe metal door plug that flew off an Alaska Airlines Boeing 737 in midair last month was opened at a Boeing factory and reinstalled without several key bolts, federal investigators found Tuesday, as the airplane manufacturer faces intense pressure over safety concerns.Inspections by Alaska Airlines and United uncovered loose bolts on door panels for grounded Boeing ... [+] 737 Max 9 planes.Copyright 2020 The Associated Press. All rights reserved Key FactsThe lack of damage to the door plug—which fell ...