Alaska Air (ALK)

• Market cap: $8.38B
• 1 day: 1.62%
• 5 days: 5.70%
• 1 month: 24.24%
• 3 months: 64.97%
• 6 months: 59.70%
• Year to date: 72.20%
• 1 year: 64.68%
• 5 years: -4.79%
• 10 years: 16.38%
• Sector: Industrials
• Industry: Air Transportation, Scheduled

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: 23,784

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

200% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 6 (+4) [Q3]

6% more capital invested

Capital invested by funds: $4.63B [Q2] → $4.9B (+$267M) [Q3]

1% less call options, than puts

Call options by funds: $115M | Put options by funds: $116M

7% less first-time investments, than exits

New positions opened: 67 | Existing positions closed: 72

1% less funds holding

Funds holding: 442 [Q2] → 437 (-5) [Q3]

4.27% less ownership

Funds ownership: 90.39% [Q2] → 86.12% (-4.27%) [Q3]

26% less repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 163

Research analyst outlook

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

• Low target: $45 32% downside
• Avg. target: $68 3% upside
• High target: $90 36% upside

10 analyst ratings

• positive: 9 90%
• neutral: 1 10%
• negative: 0 0%

Citigroup Stephen Trent 66% 1-year accuracy 23 / 35 met price target	12% upside $74	Buy Maintained	16 Dec 2024
JP Morgan Jamie Baker 70% 1-year accuracy 7 / 10 met price target	29% upside $85	Overweight Maintained	11 Dec 2024
Morgan Stanley Ravi Shanker 53% 1-year accuracy 16 / 30 met price target	36% upside $90	Overweight Maintained	11 Dec 2024
UBS Thomas Wadewitz 36% 1-year accuracy 9 / 25 met price target	9% upside $72	Buy Assumed	26 Nov 2024
Goldman Sachs Catherine O'Brien 29% 1-year accuracy 2 / 7 met price target	6% upside $70	Buy Reinstated	15 Nov 2024