The headline numbers for Alaska Air (ALK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Alaska Air Group (ALK) came out with quarterly earnings of $2.55 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $3 per share a year ago.
Alaska Air Group forecast third-quarter profit below estimates on Wednesday, citing a financial hit from its new flight attendant contract deal, while it topped market expectations for second-quarter earnings.
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Alaska Air (ALK) second-quarter 2024 revenues are likely to have benefited from the upbeat air-travel demand. Expenses related to fuel prices remain a concern.
In the latest trading session, Alaska Air Group (ALK) closed at $38.17, marking a -0.42% move from the previous day.
The newest routes from Los Angeles to La Paz and Monterrey are likely to help Alaska Air (ALK) witness a surge in passenger numbers.
Alaska Airlines and its flight attendants have reached a tentative agreement on a groundbreaking three-year contract deal that likely sets a path for deals at other larger airlines including American and United.
Alaska Airlines' flight attendants are set for an average pay increase of 32% as part of a new three-year tentative labor agreement with the airline, a union representing the employees said.
Alaska Air Group (ALK) concluded the recent trading session at $40.40, signifying a -0.88% move from its prior day's close.
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The consensus price target hints at a 35.6% upside potential for Alaska Air (ALK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.