US0116591092 - Common Stock
ALASKA AIR GROUP INC
NYSE:ALK (4/22/2024, 7:04:00 PM)
After market: 45.52 -0.01 (-0.02%)45.53
+0.52 (+1.16%)
Alaska Air Group, Inc. is a holding company, which engages in the provision of air transportation services. The company is headquartered in Seattle, Washington and currently employs 22,922 full-time employees. The firm operates two airlines, Alaska and Horizon. The firm also includes McGee Air Services, an aviation services provider. The firm operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica and Belize. Its Regional segment includes Horizon's and other third-party carriers scheduled air transportation for passengers across a shorter distance network within the United States and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. Mainline operations include Boeing 737 (B737) and Airbus A320 family (A320 and A321neo) jet service offered by Alaska. Its Regional operations consist of flights operated by Horizon and SkyWest.
ALASKA AIR GROUP INC
19300 International Blvd
Seattle WASHINGTON 98188
P: 12063925040
CEO: Bradley D. Tilden
Employees: 22922
Website: https://investor.alaskaair.com/
U.S. airlines have enjoyed a travel boom for the past three years, but until this past quarter, big-spending corporate travelers had been largely missing. The U.S. airlines that have so far released results - including Delta, United and Alaska Air - all reported a sharp rebound in flying for business purposes. On Thursday, Alaska Air said increased spending by technology companies like Amazon.com and Microsoft in the March quarter increased revenue from corporate travel to pre-pandemic levels.
ALK earnings call for the period ending March 31, 2024.
Alaska Air Group stock had its Relative Strength Rating upgraded to 77 Thursday — a nice improvement, but shy of the preferred 80-plus score.
CEO Ben Minicucci said the quarter’s results “far exceeded initial expectations"
Alaska Air's (ALK) first-quarter 2024 revenues benefit from contributions from passenger revenues.
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