Alaska Air
ALK

$37.59

0.61%

Market Cap: $4.74B

About: Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.

Employees: 23,368

Industrials Air Transportation, Scheduled

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

41% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 49

5% more funds holding

Funds holding: 418 [Q1] → 438 (+20) [Q2]

2.68% more ownership

Funds ownership: 85.64% [Q1] → 88.32% (+2.68%) [Q2]

2% less capital invested

Capital invested by funds: $4.64B [Q1] → $4.53B (-$111M) [Q2]

21% less repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 151

33% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]

48% less call options, than puts

Call options by funds: $58.6M | Put options by funds: $112M

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$41

9%

upside

Avg. target

$53

41%

upside

High target

$70

86%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

Citigroup Stephen Trent 62% 1-year accuracy 13 / 21 met price target	28%upside $48	Buy Maintained	29 Aug 2024
Morgan Stanley Ravi Shanker 36% 1-year accuracy 13 / 36 met price target	86%upside $70	Overweight Maintained	22 Jul 2024
Susquehanna Christopher Danely 64% 1-year accuracy 16 / 25 met price target	9%upside $41	Neutral Maintained	16 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 26 articles about ALK published over the past 30 days

Zacks Investment Research

Alaska Air Stock Plunges 12% in 3 Months: Should You Buy the Dip?

With Alaska Air shares moving south, we assess the current positioning of the stock to determine if it's a good investment at this juncture.

Alaska Air Stock Plunges 12% in 3 Months: Should You Buy the Dip?

Zacks Investment Research

Alaska Air Group (ALK) Suffers a Larger Drop Than the General Market: Key Insights

In the latest trading session, Alaska Air Group (ALK) closed at $35.28, marking a -1.23% move from the previous day.

Alaska Air Group (ALK) Suffers a Larger Drop Than the General Market: Key Insights

Alaska Airlines Boeing flight returns to airport following engine issue

An Alaska Airlines flight operated on a Boeing aircraft had to return to the airport it took off from on Sunday for an engine issue, local reports state.

Alaska Airlines Boeing flight returns to airport following engine issue

Business Insider

Alaska Airlines flight forced to turn around after Boeing 737 engine fails midair

A Boeing 737 had to turn around after one of its main engines failed midair. The Alaska Airlines flight landed safely in Seattle.

Alaska Airlines flight forced to turn around after Boeing 737 engine fails midair

Airspace Headlines: BA Grounds 777X, ALK & HA Merger Clears, LUV Proxy Fight

Boeing (BA) faces more manufacturing woes, the Department of Justice clears a merger for Alaska Airlines (ALK) and Hawaiian Holdings, and reports circulate of Southwest Airlines (LUV) readying for a proxy fight. Kevin Green breaks down a day full of airline news and its impact on the markets.

Airspace Headlines: BA Grounds 777X, ALK & HA Merger Clears, LUV Proxy Fight

Alaska Air Group's Acquisition of Hawaiian Airlines Clears DOJ: What to Know

The proposed Alaska Air- Hawaiian Holdings merger cleared a regulatory hurdle after the DOJ's investigation period expired. Here's what happens next.

Alaska Air Group's Acquisition of Hawaiian Airlines Clears DOJ: What to Know

A new way to book your next stay: Alaska Airlines partners with Expedia Group to launch Stays by Alaska Vacations

Guests can book their next hotel room or vacation rental through Stays by Alaska Vacations and experience Alaska's award-winning loyalty program while saving money SEATTLE , Aug. 20, 2024 /PRNewswire/ -- Alaska Airlines is teaming up with Expedia Group to introduce Stays by Alaska Vacations , a platform where guests can explore exclusive deals on more than 900,000 unique hotel and vacation rental properties, all while earning and redeeming miles through Alaska's industry-leading loyalty program. Starting today, our guests can begin to take advantage of top deals on accommodations around the world through Stays by Alaska Vacations.

A new way to book your next stay: Alaska Airlines partners with Expedia Group to launch Stays by Alaska Vacations

Alaska Air Merger With Hawaiian Clears DOJ Hurdle

Shares of Hawaiian Airlines parent Hawaiian Holdings (HA) took off Tuesday after the U.S. Department of Justice (DOJ) chose not to block Alaska Air Group's (ALK) $1.9 billion acquisition of the carrier.

Alaska Air Merger With Hawaiian Clears DOJ Hurdle

Alaska Airlines and Hawaiian Airlines merger clears regulatory hurdle, will now be reviewed by DOT

Alaska Airlines announced Monday that its merger with Hawaiian Airlines cleared a major hurdle after the DOJ's time period to complete its investigation expired.

Alaska Airlines and Hawaiian Airlines merger clears regulatory hurdle, will now be reviewed by DOT

Schaeffers Research

2 Airline Stocks to Watch After Merger Update

Alaska Air Group Inc (NYSE:ALK) and Hawaiian Holdings, Inc. (NASDAQ:HA) are moving in different directions this morning after their ongoing acquisition talks cleared the U.S. Justice Department.

2 Airline Stocks to Watch After Merger Update

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