Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Alaska Air Continues To Hold Its Own

Airlines are making the most of an atypical outbreak of sane, responsible management across the industry, and Alaska Air Group (NYSE:ALK) has certainly been among the beneficiaries. While the company has done pretty well for itself (and its shareholders) over the last few years, the stock has been a relative underperformer more recently on worries that Delta Air Lines' (NYSE:DAL) aggressive expansion into Seattle will start to impact the company's performance. Trading below industry-average multiples and doing better than the bears predicted, Alaska Air still appears to offer some upside but readers may want to note that the airline rally could be getting a little long in the tooth.

Still Growing, But Not As Quickly...

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