The Latest Breaking News from Alaska Air

The stock market reversed lower as upbeat earnings reports countered concerns over the Fed chairman's speech.

Alaska Air Group, Inc.(NYSE:ALK) reported first-quarter FY22 operating revenue growth of 111% year-over-year to $1.68 billion, beating the consensus of $1.66 billion. Passenger revenues improved by 129% Y/Y to $1.51 billion. Adjusted EPS loss narrowed to $(1.33) compared to $(3.51) in 1Q21, beating the consensus of $(1.50). Operating expenses increased by…

On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Alaska Air (NYSE: ALK) as his pick, saying that all airline companies had preannounced positively.

Alaska Air Group, Inc. (NYSE:ALK) updated its first-quarter economic fuel cost to be $2.60 - $2.65 per gallon versus the prior expectation of $2.45 - $2.50 per gallon, citing fuel price volatility due to the conflict in Europe and Russia's ongoing invasion of Ukraine. The company has slightly moderated its capacity outlook for…

Alaska Air Group Inc (NYSE:ALK) reported fourth-quarter FY21 operating revenue growth of 135% year-over-year to $1.899 billion, marginally ahead of the consensus of $1.89 billion. Passenger revenues improved by 161% Y/Y to $1.72 billion. Adjusted EPS improved to $0.24 compared to $(2.54) in 4Q20, missing the consensus of $0.29. Operating expenses increased by…

Rising COVID-19 cases caused the airline industry to suffer flight and ticket cancellations during the holiday season. But because the situation is expected to ease in the near term, American Airlines (AAL) and Alaska Air (ALK) should benefit. But which of these stocks is a better buy now? Read more…