In the most recent trading session, Alaska Air Group (ALK) closed at $64.87, indicating a -1.46% shift from the previous trading day.
The latest trading day saw Alaska Air Group (ALK) settling at $67.60, representing a +0.19% change from its previous close.
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Alaska Air stock (NYSE: ALK) is up nearly 20% in this month after the company raised its Q4 outlook. Alaska now expects its Q4 earnings to be in the range of $0.40 and $0.50 per share, versus its prior guidance of $0.20 to $0.40.
In the closing of the recent trading day, Alaska Air Group (ALK) stood at $63.40, denoting a +1.33% change from the preceding trading day.
A business update was the main news powering Alaska Air (ALK -1.34%) stock to a double-digit gain over the past few trading days. During the week, the carrier's shares rose by just over 15% in price, according to data compiled by S&P Global Market Intelligence.
Analysts are increasingly bullish on airlines going into 2025, with the major U.S. companies fighting to build brand loyalty in a strong demand environment.
ALK raises its fourth-quarter 2024 adjusted earnings per share guidance to 40-50 cents from the previously guided range of 20-40 cents.
Alaska Air (ALK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Alaska Airlines' strategic update boosts investor confidence, with the stock rising 14% as the company revises Q4 and FY 2025 guidance upwards. The Accelerate plan aims to regrow margins to 11-13% by 2027, leveraging synergies from the Hawaiian Airlines acquisition and premium cabin retrofits. Multi-year price target for Alaska Airlines is $80.87, indicating 32% upside, factoring in 2026 earnings and expected EBITDA growth of 15% annually.
Shares of Alaska Air Group (ALK 12.72%) rallied as much as 17.9% on Tuesday, before settling into a 13.1% gain as of 12:26 p.m. ET.
The company lifted its fiscal 2025 earnings outlook and anticipates ‘unprecedented' growth.