The company lifted its fiscal 2025 earnings outlook and anticipates ‘unprecedented' growth.
Ben Minicucci, Alaska Airlines CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, if Alaska is a new global carrier, and much more.
Shares of Alaska Air Group (ALK) flew 14% higher Tuesday morning after the Alaska Airlines parent unveiled its strategic plan aimed at creating $1 billion in incremental profit in three years. The carrier also boosted its guidance.
Alaska Airlines Inc.'s stock was up 1.6% early Tuesday, after the regional carrier joined rivals in raising its fourth-quarter guidance as revenue rose more than expected and costs came down.
Alaska Airlines plans to launch nonstop flights to Tokyo and Seoul from Seattle next year. The carrier closed its acquisition of Hawaiian Airlines in September, which gave it access to wide-body airplanes.
A technology issue at Alaska Airlines resulted in the temporary grounding of flights in Seattle on Monday morning and problems into the afternoon for people trying to book flights on its website, the airline said.The Seattle-based company said in a statement the issue Monday morning resulted in a “significant disruption” to its operation—including delayed flights. The airline said it requested a 40-minute ground stop at Seattle-Tacoma International Airport to clear aircraft congestion.No further details were given about the technology problem, and the reason for the disruptions was unclear.A message on the company's website Monday afternoon said it was experiencing issues with booking flights on the website, through a mobile app and at the contact center.
Seattle-based Alaska Airlines is recovering Tuesday after an IT issue grounded flights at its hub airport and stopped passengers from making online bookings.
With ALK's shares are appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
In the latest trading session, Alaska Air Group (ALK) closed at $52.60, marking a -0.15% move from the previous day.
ALK's efforts to expand its network from the West Coast to top winter destinations are encouraging, buoyed by the upswing in air travel demand.
Alaska Airlines is bolstered by robust air travel demand. Efforts to expand are encouraging.
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