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.
Alaska Air (NYSE: ALK) saw its net income surge by 300% y-o-y to $235 million in 2023. This can primarily be attributed to higher revenues, and lower fuel costs.
The tentative deal with the union covers more than 6,500 flight attendants of Alaska Airlines, the wholly-owned subsidiary of Alaska Air Group (ALK).
A union representing flight attendants for Alaska Airlines said on Friday that they have reached a tentative agreement for a record contract with the carrier.
United and American Airlines are still negotiating contracts with their flight attendants. American Airlines' flight attendant union said talks had ended on Thursday without a deal and that cabin crews should prepare for a strike.