An Alaska Airlines Boeing 737-9 MAX sits at gate at O'Hare International Airport in Chicago, Illinois on May 22, 2024.Alaska Airlines flight attendants' union said Friday that it reached a "record" tentative labor deal with the carrier, ending a drought of new contracts for cabin crews that have clamored for pay raises for years.The details of the deal, struck under federal mediation, weren't immediately made public. It will be reviewed by union leadership and then voted on by membership, the Association of ...

In June 2024, the transportation sector draws significant attention from Wall Street analysts, with several stocks receiving strong buy ratings. Analysts are particularly bullish on three standout companies that demonstrate robust fundamentals, which makes them my favorites to recommend to investors.Investors seeking opportunities in the transportation industry may find these stocks particularly compelling. They are well-poised to capitalize on current economic trends and future developments.What’s great ab ...

Solid recovery in air travel demand, both domestic and international, has been aiding the Zacks Airline industry post the easing of COVID-19 travel restrictions and the reopening of the global economy. People are again booking flights, thereby leading to higher passenger revenues, which contribute to the bulk of most airlines’ top line.We believe that the current summer season is likely to see a further surge in passenger revenues, in turn aiding airlines’ top lines. Per Airlines for America, U.S. airlines ...

Alaska Air Group (ALK) closed the most recent trading day at $41.34, moving -0.41% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. Meanwhile, the Dow experienced a rise of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.79%.Heading into today, shares of the airline had lost 4.79% over the past month, outpacing the Transportation sector's loss of 4.81% and lagging the S&P 500's gain of 3.59% in that time.The investment community will be closely monito ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being un ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Alaska Air Group (ALK) .Alaska Air currently has an average brokerage recommendation (ABR) of 1 ...

An improvement in air-travel demand bodes well for Alaska Air Group’s (ALK) top line. Driven by the upbeat demand, ALK exceeded the Zacks Consensus Estimate for first-quarter 2024 earnings by 15.6%. Sales beat estimates by 2.4%.Strong Passenger Volumes Drive Upbeat ViewsAnticipating air-travel demand to be rosier given the presence of the summer holiday period, ALK issued bullish earnings per share guidance for second-quarter 2024. ALK expects second-quarter earnings per share to be between $2.20 and $2.40. ...

Our new location will soon be home to the newest and second-largest Lounge in our network and reflects our continued commitment to the care and comfort of our guests. We're working around the clock on the finishing touches before we officially open the Lounge next month and complete our transition to Harvey Milk Terminal 1.With this move, we're now also closer to our fellow oneworld Alliance members and additional global partners and can provide guests with seamless connectivity to their next domestic or in ...

Alaska Airlines 737s at its Seattle home hub Ceri Breeze/iStock Editorial via Getty Images In the midst of the losses at Alaska Air Group (NYSE:ALK) that occurred as a result of the in-flight failure of a door plug on a new Boeing (BA) MAX 9 operating by ALK, investors who paid attention to Alaska Airlines (ALK)’s first quarter 2024 earnings presentation noted a key detail: the company was committed to turning around its tradition of losing money in the first quarter of the year. An airline that is based ...

Alaska Air Group’s (ALK) robust air travel demand is boosting its top line. Shareholder-friendly actions and fleet upgrade efforts are praiseworthy. However, high operating costs are hindering the company’s bottom line.Factors Favoring ALKBuoyed by strong air travel demand, Alaska Air issued optimistic earnings per share guidance for the second quarter of 2024 between $2.20 and $2.40 and for the full-year 2024 between $3.25 and $5.25. ALK is boosting capacity and expects available seat miles (a measure of c ...