Alaska Air Group Inc - ALK STOCK NEWS

Alaska Airlines has announced a significant codeshare expansion with Finnair, enhancing travel options for passengers. Starting June 1, 2022, Finnair customers can book connecting flights via Seattle to over 60 destinations within Alaska's network. This agreement will also facilitate Finnair's new nonstop flights from Helsinki to Seattle, occurring three times weekly.

Since joining the oneworld alliance in March 2021, Alaska has introduced more than 250 codeshare routes, expanding global connectivity for travelers.

Alaska Air Group (NYSE: ALK) reported improved financial results for Q4 and full year 2021, achieving a net income of $18 million for Q4 and $478 million for the full year. The fourth quarter adjusted pre-tax margin reached 2.4%, marking profitability despite ongoing challenges from omicron and severe winter weather. The company restored its debt-to-capitalization ratio to 49%, the lowest since Q1 2020. Significant operational expansions include new routes and partnerships, aiming to restore pre-COVID capacity by summer 2022.

On January 11, 2022, Alaska Air Group announced it will release its 2021 fourth quarter financial results on January 27, 2022. A conference call will follow at 11:30 a.m. ET / 8:30 a.m. PT, accessible via webcast at their investor website.

Alaska Airlines, along with its regional partners, serves over 120 destinations across the U.S., Canada, and beyond, emphasizing low fares, customer service, and sustainability efforts. The company is part of the oneworld alliance, enabling extensive travel options for miles redemption.

Alaska Airlines has appointed Neil Thwaites as the new regional vice president for California, a critical market for the airline's growth strategy. Thwaites previously served as vice president of air procurement at TripArc and held various roles at British Airways. Reporting to Andrew Harrison, chief commercial officer, Thwaites aims to enhance market share and service quality in California. His background includes extensive experience in commercial strategy and market development, making him well-suited for this role.

Alaska Airlines is facing significant disruptions this week due to winter weather, crew displacements, and the omicron variant's impact on staffing. A total of 170 flights were canceled today, with further cancellations and delays expected. To mitigate issues, the airline is reducing Seattle departures by 20% to allow for aircraft deicing. Passengers are advised to consider rescheduling travel through the airline's flexible policy, as re-accommodations may take up to three days. Alaska Airlines apologizes for the inconvenience and is committed to maintaining service standards.

On December 13, 2021, Alaska Airlines announced new nonstop international flights from West Coast hubs to Europe, enhancing its partnership with oneworld alliance members. Starting June 2022, British Airways will offer service from Portland to London Heathrow, while Finnair will provide flights from Seattle to Helsinki. By summer 2022, Alaska's oneworld partners will provide over 100 weekly nonstop flights to major European cities. Alaska Airlines aims to deliver exciting travel opportunities while continuing its commitment to safety through its Next-Level Care program.

Alaska Airlines celebrates the holiday season with a special-edition aircraft adorned with Starbucks' iconic red cups. The Boeing 737-900ER made its inaugural flight from Seattle to Chicago and will operate across the network throughout the holidays. Alaska will also offer 50 flights with reusable holiday cups, offsetting carbon impacts through The Good Traveler program aimed at achieving carbon net-zero by 2040. Additionally, guests wearing holiday sweaters on December 17 can board early, and a BOGO ticket promotion using code STARBUCKS is available until midnight PST.

Alaska Airlines has selected T-Mobile as its preferred wireless provider, moving its mobility business to T-Mobile and leveraging its 5G network. The partnership aims to enhance customer experiences in air travel by utilizing advanced 5G capabilities for various operational improvements. Alaska Airlines anticipates enhancements in ticketing, check-in, and baggage tracking. T-Mobile will supply tens of thousands of lines to support this transition, which is expected to extend connectivity even in rural areas.

Alaska Airlines has launched nonstop service to Belize City from Seattle and Los Angeles, starting November 19, 2021. This new route aims to meet strong demand and will operate year-round from Los Angeles and seasonally from Seattle. The flights are designed to enhance tourism and business investment in Belize, coinciding with the country's Garifuna Settlement Day. Alaska Airlines offers flights four times a week from Los Angeles and twice weekly from Seattle, reinforcing its commitment to providing affordable travel options and exceptional customer service.