U.S. stock markets witnessed an impressive rally in 2024 after an astonishing bull run in 2023. Following the 24.2% ascent in 2023, the S&P 500 rallied 23.3% last year. The benchmark jumped 53% in the last two years recording its best performance since the nearly 66% rally in 1997-98. The broad-market index posted 57 all-time highs in 2024. The Dow and the Nasdaq Composite rallied 12.9% and 28.6%, respectively, last year.However, Wall Street failed to maintain its momentum last month and ended mostly in neg ...

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 ...

Daily year-round service will seamlessly connect our guests between the nation's capital and one of our key West Coast hubsSEATTLE, Dec. 17, 2024 /PRNewswire/ -- Alaska Airlines is proud to announce new nonstop service between San Diego International Airport and Ronald Reagan Washington National Airport (DCA), becoming the only airline to offer this direct route and enhance connectivity to the nation's capital. Tickets will soon be available for purchase on www.alaskaair.com.On Tuesday, the U.S. Department ...

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 ...

A business update was the main news powering Alaska Air(ALK -1.34%) stock to a double-digit gain over the past few trading days. During the week, the carrier's shares rose by just over 15% in price, according to data compiled by S&P Global Market Intelligence.Accelerating into the futureOn Tuesday, Alaska unveiled its "Alaska Accelerate" three-year plan to make the airline conglomerate a more important player in the industry. The announcement came not long after the company closed its $1.9 billion acquisiti ...