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.
Horizon Air's aircraft technicians and fleet service agents have ratified a new two-year contract with a 91% approval from voting employees. The contract includes wage scale increases, retroactive pay from January 2022, and additional compensation enhancements. Technicians maintain Horizon's fleet of Embraer 175s and Bombardier Q400s, playing a crucial role in the airline's operations. The agreement reflects management's recognition of employee value and aims to position Horizon for future success.
On May 4, 2022, Alaska Airlines will celebrate 'Star Wars Day' by offering priority boarding for guests who wear Star Wars-themed clothing. This promotion is open to all passengers on any Alaska Airlines flight and will allow those in costume to board just after Group B. Alaska Airlines aims to enhance the travel experience through this fun initiative, highlighting its commitment to rewarding customer loyalty and engagement.
Alaska Airlines has appointed Emily Halverson as the new vice president of finance and controller. Halverson, who joined Alaska in 2016, will oversee financial reporting, payroll, investor relations, and accounting operations. Her prior roles include director of financial reporting and managing director of accounting. Under her leadership, the company navigated financial integration post-Virgin America acquisition. Halverson is a certified public accountant with an MBA from the University of Washington.
Alaska Air Group (ALK) reported a Q1 2022 net loss of $143 million, or $1.14 per share, compared to a $131 million loss in Q1 2021. However, adjusted losses improved to $167 million from $436 million year-over-year. The airline achieved $287 million in operating cash flow, supported by rising bookings. Plans for operational enhancements include transitioning to an all-Boeing fleet, expanding regional Embraer jets, and renovating lounges. The airline anticipates second-quarter total revenue growth of 5% to 8% compared to 2019, despite capacity reductions.
On April 19, 2022, Alaska Airlines announced that its 100 dispatchers, represented by the Transport Workers Union, ratified a new five-year contract with an 81% approval rate. The agreement includes increased pay, a mid-term market review to maintain competitive wage rates, enhanced benefits, and streamlined training. Dispatchers play a vital role in flight safety and operations, with their contract becoming amendable on March 24, 2022. This ratification aims to support long-term success amidst economic uncertainties.
Alaska Airlines announced the resumption of its full flight schedule at Paine Field in Everett, Washington, starting June 17, 2022. The airline will operate 18 peak daily departures, featuring four daily nonstop flights to San Francisco, beginning May 19. The new service enhances connectivity to key destinations and caters to travelers in the Puget Sound region. Alaska Airlines will introduce Saver fares on these routes for budget-conscious travelers. The carrier highlights its commitment to providing low fares and award-winning service, fostering increased travel options for customers.
Alaska Air Group, parent company of Alaska Airlines and Horizon Air, will release its 2022 Q1 financial results on April 21, 2022, at 11:30 a.m. Eastern time. The results can be accessed via a conference call, available online at www.alaskaair.com/investors. Alaska Airlines services over 120 destinations across the U.S., Canada, and Latin America, focusing on customer service, affordability, and sustainability. The company is a member of the oneworld alliance, enabling global travel options for its customers.
Alaska Airlines has introduced an $8 flat rate for satellite Wi-Fi, significantly enhancing the inflight experience. With improved speed, reliability, and a 20x faster connection, passengers can stream content seamlessly from the moment they board. Additionally, the airline has upgraded its food and beverage program, offering fresh, healthy menu options and the most comprehensive onboard offerings among U.S. carriers. New entertainment selections include over 700 movies and TV shows. Alaska Airlines continues to focus on delivering quality service as travel demand increases.
Alaska Airlines has partnered with Air Tahiti Nui to offer nonstop flights between Seattle and Papeete, starting October 4, 2022. This new route enhances travel options from the West Coast to French Polynesia, a popular tourist destination. Mileage Plan members will soon earn and redeem miles on Air Tahiti Nui flights, increasing the value of Alaska’s loyalty program. The service, which operates on Boeing 787-9 Dreamliner aircraft, includes two weekly flights in each direction.
