Alaska Air (ALK) Rides on Rosy Air Travel Demand: Is It a Buy?

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. ...