Exhibit 99.1 April 18, 2024 Media contact: Investor/analyst contact: Media Relations Ryan St. John (206) 304-0008 VP Finance, Planning and Investor Relations ALKInvestorRelations@alaskaair.com Alaska Air Group reports first quarter 2024 results Achieved record first quarter operating revenue of $2.2 billion Ratified new agreement with AMFA-represented employees SEATTLE — Alaska Air Group (NYSE: ALK) today reported financial results for the first quarter ending March 31, 2024, and provided outlook for the se ...

Wall Street’s spotlight is turning to the nationwide ground stop for Alaska Airlines (NYSE:ALK), which the Federal Aviation Administration (FAA) recently lifted. While this was a concerning news item following a major safety issue earlier this year, ALK stock is actually gaining significantly today. Meanwhile, airplane manufacturer Boeing (NYSE:BA) is seeing shares slip during the Wednesday session.Initially, and without specific explanation, the FAA issued a nationwide ground stop for Alaska Airlines. Nota ...

The Federal Aviation Administration issued an advisory Wednesday morning for Alaska Airlines to pause departures across all airports Wednesday, a halt the major airline said was related to a problem with its system for calculating weight.The FAA did not give a reason for the ground stop ordered Wednesday morning, but the airline said it ... [+] was related to its system for calculating weight and balance.The advisory, issued around 7:50 a.m. PT, ordered “all Alaska mainline and subcarrier flights ground sto ...

Alaska Air (ALK) is scheduled to release first-quarter 2024 results on Apr 18 before market open.The company has an unimpressive earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the preceding four quarters and missing twice, the average beat being 11.49%. The Zacks Consensus Estimate for first-quarter earnings has been revised 9.91% upward over the past 60 days.Alaska Air Group, Inc. Price and EPS Surprise Alaska Air Group, Inc. price-eps-surprise | Alaska Air Group, Inc. ...

The hotter-than-expected inflation reading for March has dashed hopes of a June interest rate cut by the Fed. Per data from the Labor Department, the consumer price index rose 0.4% sequentially in March, surpassing economists’ expectations. On a year-over-year basis, the Consumer Price Index rose 3.5% in March, beating the consensus estimate of a 3.4% increase. Moreover, the March rise, following a 3.2% jump in February, was the highest since September 2023.The unfavorable inflation data has led to a rise i ...

Alaska Air Group (ALK) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 18, 2024, might help the stock move higher if these key numbers are better than e ...

The latest trading session saw Alaska Air Group (ALK) ending at $42.48, denoting a +1.72% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 1.11%. Elsewhere, the Dow saw an upswing of 0.8%, while the tech-heavy Nasdaq appreciated by 1.24%.Heading into today, shares of the airline had gained 12.02% over the past month, outpacing the Transportation sector's gain of 0.33% and the S&P 500's gain of 0.48% in that time.The investment community will be payin ...

Alaska Air Group (ALK) has been paid $160 million by plane manufacturer Boeing (BA) in first-quarter 2024. This is an initial compensation to address the financial damages incurred as a result of Flight 1282 incident and the subsequent 737-9 MAX groundings.We remind investors that on Jan 5, ALK’s Ontario, CA-bound flight (1282) saw a panel and window being blown out of Boeing 737 MAX 9 jet shortly after takeoff from Portland, OR. The fiasco prompted the flight to turn back immediately and make an unschedule ...

Boeing has paid Alaska Airlines roughly $160 million as an “initial payment” for “financial damages” resulting from the flight that experienced a midair door blowout at 16,000 feet earlier this year.Alaska Airlines, which was operating the Boeing plane at the time the fuselage blew off, said in a regulatory filing that it lost “approximately $160 million” in its first quarter in pretax profit, “primarily comprising lost revenues, costs due to irregular operations and costs to restore our fleet to operating ...

Boeing has paid Alaska Airlines approximately $160 million in compensation following the Alaska Airlines Boeing Max 9 midair blowout in January. According to a SEC filing, the money was "initial compensation" from Boeing "to address the financial damages incurred as a result of Flight 1282 and the 737-9 MAX groundings."The airline said that they lost "approximately $160 million" in their first quarter. "As a result of the Flight 1282 accident and the Boeing 737-9 MAX grounding, we lost approximately $160 mi ...