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Alaska Air Group, Inc. - ALK STOCK NEWS

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 two principal airlines, Alaska Airlines and Horizon Air, providing comprehensive air transportation services. Founded in 1932, Alaska Airlines is celebrated for its exceptional customer service and operational reliability. The company's mainline segment includes scheduled air transport within the U.S., Mexico, and Costa Rica using Boeing and Airbus aircraft. Horizon Air, under the regional segment, operates shorter routes across the U.S. and Canada under capacity purchase agreements. The company serves 90 destinations including the lower 48 states, Alaska, Hawaii, and Central America.

Recently, Alaska Airlines has introduced innovative projects such as the Global Getaways promotion, offering significant savings on award redemptions to international destinations. Additionally, the company has streamlined award charts to enhance the Mileage Plan program, aiming to deliver more value to its members.

Financially, despite challenges like the Boeing 737-9 MAX grounding, the company reported Q1 2024 operating revenue of $2.2 billion. The strategic planning and cost control efforts have poised Alaska Air Group for sustained performance into the future.

Alaska Airlines continues to invest in its fleet and facilities. A new training hub in Renton, WA, is set to open in 2025, enhancing training for flight attendants, pilots, and other staff. Additionally, the company is actively expanding its network with new routes and destinations, including a new daily non-stop flight between Seattle and Toronto.

The company's commitment to sustainability is evident through initiatives like offering sustainable aviation fuel credits and linking guest participation in sustainability efforts to loyalty rewards, aiming for net-zero carbon emissions by 2040.

Alaska Airlines has also elevated its onboard service with the introduction of hot meals in the Main Cabin, reflecting its dedication to providing a premium travel experience. The airline is recognized for having the most legroom in First and Premium Class among U.S. airlines, along with no change fees and an industry-leading loyalty program.

News

Alaska Airlines creates Hawai'i Community Advisory Board to deepen local ties

Rhea-AI Summary
Alaska Airlines establishes the Hawai'i Community Advisory Board (HICAB) to strengthen its connection with local communities and to honor the legacy and significance of Hawaiian Airlines. The 16-member board, representing diversity in gender, ethnicity, and industry sectors, will provide feedback and recommendations on Alaska's business approaches and community investment needs in Hawai'i.
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Alaska Air Group reports fourth quarter and full year 2023 results

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Alaska Air Group Inc. (ALK) reported record annual operating revenue of $10.4 billion and a net loss for the fourth quarter of 2023. The company achieved an adjusted pretax margin of 7.5% and agreed to acquire Hawaiian Airlines for $18 per share in cash. Operational updates included new routes, aircraft sales, and environmental initiatives. The company also received an investment grade credit rating of 'Baa3' from Moody's Investors Service.
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Alaska Air Group announces webcast of fourth-quarter 2023 financial results

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Alaska Air Group Inc. (ALK) will hold its quarterly conference call to discuss 2023 fourth quarter financial results on January 25, 2024. The webcast will be available to the public at www.alaskaair.com/investors.
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Alaska Airlines takes delivery of our first longer-range Boeing 737-8

Rhea-AI Summary
Alaska Airlines (ALK) welcomes delivery of the first Boeing 737-8 as part of its strategic fleet plan for future growth, with firm orders for 80 more 737 MAX aircraft and options for another 105. The airline plans to add 15-25 new Boeing aircraft annually from 2024 to 2027, with the first 737-10 scheduled for delivery in 2025. The new aircraft will enable Alaska Airlines to fly longer nonstop routes and maximize revenue potential, with plans to launch new nonstop Anchorage-New York JFK seasonal route in 2024. Alaska's regional carrier, Horizon Air, will add nine new Embraer E175s over the next three years. The airline is also investing $130 million to overhaul the cabins of its 737-800 aircraft for a more consistent guest experience.
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Alaska Airlines begins flying nine new routes to popular vacation spots

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Alaska Airlines (ALK) has announced the start of nine new nonstop routes, including flights to the Bahamas and Guatemala, Las Vegas-Mexico service, and Palm Springs-New York JFK. The new flights cater to strong travel demand for leisure destinations and international getaways, with convenient flight schedules and expanded service to Latin America. Alaska Airlines offers a three-class cabin with award-winning service, inflight entertainment, and streaming-fast satellite Wi-Fi.
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Alaska Airlines teams up with Best Day Brewing to add craft non-alcoholic beer to its premium beverage line-up

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Alaska Airlines (ALK) introduces Best Day Brewing Kölsch, a non-alcoholic beverage option on all flights. The beverage is low-calorie, non-GMO, Kosher, and vegan. Best Day Brewing Kölsch is complimentary in First Class and Premium Class, and available for purchase in the main cabin service on select flights.
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Alaska Airlines and Hawaiian Airlines to Combine, Expanding Benefits and Choice for Travelers Throughout Hawai'i and the West Coast

Rhea-AI Summary
Alaska Air Group, Inc. (ALK) and Hawaiian Holdings, Inc. (HA) have entered into a definitive agreement under which Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9 billion, inclusive of $0.9 billion of Hawaiian Airlines net debt. The combined company will unlock more destinations for consumers and expand choice of critical air service options and access throughout the Pacific region, Continental United States and globally. The transaction is expected to enable a stronger platform for growth and competition in the U.S., as well as long-term job opportunities for employees, continued investment in local communities and environmental stewardship.
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Alaska Airlines partners with CHOOOSE to empower guests to reduce emissions and support growth of the sustainable aviation fuel market

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Alaska Airlines (NYSE: ALK) partners with CHOOOSE to offer sustainability options for travelers. Guests can earn Elite-Qualifying Miles by purchasing sustainable aviation fuel credits or supporting nature-based climate projects. The partnership aims to help guests reduce their travel-related carbon emissions and contribute to their elite qualification for the new year.
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Rose City meets Music City. Alaska Airlines adds new Portland-Nashville nonstop

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Alaska Airlines (ALK) announces the addition of a new nonstop route between Portland and Nashville, marking the 53rd nonstop destination from Portland. The daily, year-round flights will begin on March 14, 2024, offering convenient mid-morning and late afternoon departures. The airline aims to better connect the Pacific Northwest with new nonstops in their network, catering to the strong desire for easier travel between Portland and Nashville. Alaska Airlines has been the largest carrier in Portland for over 20 years, now serving more destinations nonstop from Portland outside of the Pacific Northwest than in 2019.
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Alaska Airlines celebrates enhanced partnership with Condor Airlines

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Alaska Airlines expands partnership with Condor Airlines through a bilateral codeshare agreement, allowing both airlines to sell each other's flights. Condor now markets and sells over 70 Alaska routes across the U.S., while Alaska markets and sells from Condor's 12 U.S. gateway cities to Frankfurt, Germany. The agreement offers a seamless travel experience for guests, simplifying ticketing, check-in, boarding, and baggage. Condor introduces the Airbus A330neo with a quiet cabin and three-class configuration on U.S.-Germany routes. Alaska plans to expand the codeshare to more destinations beyond Frankfurt.
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FAQ

What is the current stock price of Alaska Air Group (ALK)?

The current stock price of Alaska Air Group (ALK) is $53.96 as of November 15, 2024.

What is the market cap of Alaska Air Group (ALK)?

The market cap of Alaska Air Group (ALK) is approximately 6.8B.

What airlines are operated by Alaska Air Group?

Alaska Air Group operates Alaska Airlines and Horizon Air.

What regions do Alaska Airlines and Horizon Air serve?

They serve destinations in the U.S., including Alaska and Hawaii, as well as Mexico, Costa Rica, and Canada.

What recent promotions has Alaska Airlines introduced?

Alaska Airlines recently introduced the 'Global Getaways' promotion, offering significant savings on award redemptions to international destinations.

How is Alaska Airlines contributing to sustainability?

Alaska Airlines offers sustainable aviation fuel credits and aims to achieve net-zero carbon emissions by 2040. Guests can earn elite status by purchasing these credits.

What new routes has Alaska Airlines recently launched?

Recently, Alaska Airlines launched a new daily non-stop flight between Seattle and Toronto, expanding its reach in Canada.

What are some of the financial highlights for Alaska Air Group in Q1 2024?

Alaska Air Group reported Q1 2024 operating revenue of $2.2 billion despite challenges such as the Boeing 737-9 MAX grounding.

What new facilities is Alaska Airlines planning to open?

A new training hub in Renton, WA, is set to open in 2025, which will house Alaska Airlines’ world-class training programs.

How does Alaska Airlines enhance their onboard service?

Alaska Airlines has introduced hot meals in the Main Cabin and offers the most legroom in First and Premium Class among U.S. airlines.

What improvements has Alaska Airlines made to its loyalty program?

Alaska Airlines has streamlined its award charts to enhance the Mileage Plan program, providing more value and availability to its members.

What are the key benefits of Alaska Airlines' Mileage Plan?

The Mileage Plan offers generous earning and redemption options, including partnerships with over 30 airlines globally, providing access to more than 1,000 destinations.

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Alaska Air Group, Inc.

NYSE:ALK

ALK Rankings

#1091 Ranked by Market Cap
N/A Ranked by Dividends

ALK Stock Data

6.77B
126.95M
0.46%
90.18%
8.16%
Airlines
Air Transportation, Scheduled
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United States of America
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