Welcome to our dedicated page for Alaska Air Group news (Ticker: ALK), a resource for investors and traders seeking the latest updates and insights on Alaska Air Group stock.
Alaska Air Group Inc (NYSE: ALK) operates Alaska Airlines, Horizon Air, and Hawaiian Airlines, maintaining a leadership position in North American aviation through operational excellence and customer-focused service. This news hub provides investors and industry professionals with direct access to the company's official communications and strategic developments.
Track critical updates including quarterly earnings reports, fleet expansion announcements, and partnership agreements that shape the company's market position. The curated collection features press releases on operational milestones, safety initiatives, and network expansions across domestic and international routes.
Discover timely information about loyalty program enhancements, cargo service updates, and leadership changes that impact ALK's business strategy. All content is sourced from verified corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Alaska Air Group's latest developments. Combine these resources with market analysis tools to monitor how operational decisions influence long-term performance in the competitive aviation sector.
Alaska Airlines has launched a new nonstop flight service from Seattle to Papeete, Tahiti, in partnership with Air Tahiti Nui. The inaugural flight took off on October 5, 2022, connecting the Pacific Northwest to the South Pacific, and offering travelers access to popular destinations like Bora Bora and Moorea. The service operates twice weekly on Boeing 787-9 Dreamliner aircraft. This partnership allows Alaska's Mileage Plan members to earn and redeem miles on Air Tahiti Nui flights, enhancing travel options and connectivity for passengers.
On September 16, 2022, Horizon Air pilots, represented by the International Brotherhood of Teamsters, ratified a new retention agreement with a 99% approval rate. This agreement, reached on September 2, includes significant pay increases and improved retirement benefits aimed at countering the ongoing pilot shortage affecting regional airlines. Horizon plans to enhance commuter policies and instructor benefits to retain talent. The airline anticipates needing to hire 500 pilots annually through 2025 to meet operational demands while maintaining service to over 45 cities across Pacific Northwest and surrounding regions.
Horizon Air has appointed Shelly Parker as vice president of inflight and station operations, bringing 39 years of airline experience. She will supervise over 2,000 flight attendants and airport agents, focusing on operational and financial performance. Parker has held various roles since joining Alaska in 1983, most recently acting in the vice president position. Joe Sprague, president of Horizon Air, praised her leadership qualities and industry knowledge. Horizon Air serves over 45 cities across the Pacific Northwest, California, and parts of Canada.
Alaska Air Group will host a live webcast featuring CFO Shane Tackett on September 7, 2022, at 12:20 p.m. ET during the Cowen 15th Annual Global Transportation & Sustainable Mobility Conference. The event will be accessible via Alaska Air's investor relations website. Alaska Airlines, along with its regional partners, operates over 120 destinations across the U.S., Canada, Mexico, Belize, and Costa Rica, emphasizing customer care and sustainability. The airline is a member of the oneworld alliance, allowing travel to over 1,000 destinations.
Alaska Airlines has partnered with Deloitte to enhance the use of sustainable aviation fuels (SAF) through Alaska's new corporate SAF program, part of its Ever Green initiative. This collaboration aims to reduce Deloitte's business travel emissions by approximately 1,050 metric tons of CO2. Alaska Airlines aims for net zero emissions by 2040 and views SAF as a crucial element in achieving this goal. The partnership will help scale SAF production and address barriers such as pricing and facilities.
Alaska Airlines has launched a program aimed at advancing sustainable aviation fuels (SAF) as part of its Ever Green initiative. Following a successful partnership with Microsoft in 2020, the new program engages corporate customers to purchase SAF credits, raising awareness for decarbonization efforts in business travel. Participants include Boeing and Washington State University, collaborating to address barriers to SAF scalability. SAF can significantly reduce carbon emissions by up to 80%. Alaska Airlines maintains its commitment to achieving net-zero carbon emissions by 2040 with a roadmap focusing on sustainability.
Alaska Airlines' customer service, cargo, and ground service agents have ratified a two-year contract extension, securing increased pay and job security until September 27, 2028. The contract, supported by the International Association of Machinists and Aerospace Workers (IAM), includes market reviews to ensure competitive wages and improved longevity pay. According to Alaska Airlines' VP of Labor Relations, this agreement enhances employee quality of life and positions the airline for long-term success.
Alaska Airlines has finalized a monumental agreement with Gevo to purchase 185 million gallons of sustainable aviation fuel (SAF) over five years starting in 2026. This commitment aligns with Alaska's ambition to achieve net zero carbon emissions by 2040 and is part of its strategy focusing on operational efficiency and fleet renewal. The partnership with Gevo is crucial for scaling up SAF production, emphasizing its role in decarbonizing the aviation sector. Alaska has been a pioneer in SAF usage, having previously conducted the world's first commercial flight with SAF in 2016.
Alaska Airlines has introduced a new range of gluten-friendly, plant-based, and vegan meal options on its flights to meet customer demand. The highlight is the 'Soy Meets World' salad, developed in collaboration with Evergreens, featuring fresh ingredients like roasted broccoli and quinoa. The airline boasts the most comprehensive food and beverage program in the U.S., offering multiple meal choices across various classes, including pre-order options for passengers. These offerings emphasize Alaska's commitment to providing healthy dining choices inspired by West Coast flavors.
