Alaska Air Group, Inc.NYSE
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  • Yesterday, 2:33 AM
    • In a likely controversial step, the Department of Transportation is considering eventually allowing in-flight calls from airline passengers - with two important caveats: airlines will have the option of whether to provide the service, and passengers must be informed well in advance if the flight allows calls.
    • The FCC currently prohibits passengers from talking on cellphones during flights (due to disruption of certain radio frequencies) but not Wi-Fi calls.
    • Related tickers: AAL, ALK DAL, JBLU, LUV, SAVE, UAL, VA
    | Yesterday, 2:33 AM | 10 Comments
  • Thu, Dec. 8, 7:38 AM
    | Thu, Dec. 8, 7:38 AM | 4 Comments
  • Wed, Dec. 7, 3:38 PM
    • The airline sector are one of the best performing groups of the day as it plays some catch-up with the broad market.
    • Gainers include American Airlines Group (AAL +5.2%), Southwest Airlines (LUV +4.5%), JetBlue Airways (JBLU +3.7%), Alaska Air Group (ALK +3.8%), SkyWest (SKYW +2.6%) and Delta Air Lines (DAL +3.8%).
    • Earlier today, Southwest reported a solid jump in load factor for November.
    • The Global Jets ETF (NYSEARCA:JETS) is up 2.82% on the day.
    | Wed, Dec. 7, 3:38 PM | 19 Comments
  • Tue, Dec. 6, 1:52 PM
    • Alaska Air Group (ALK +1%) officially wins approval for its buyout of Virgina America (VA +0.7%).
    • The merger settlement was filed in federal court earlier today, according to Bloomberg.
    | Tue, Dec. 6, 1:52 PM | 1 Comment
  • Tue, Dec. 6, 9:22 AM
    • The Department of Justice is close to approving the merger between Alaska Air Group (NYSE:ALK) and Virgin America (NASDAQ:VA), sources tell The Wall Street Journal.
    • An announcement could arrive later today.
    • Virgin America has been bid all the way up to $56.80, just $0.20 short of the deal price.
    | Tue, Dec. 6, 9:22 AM | 7 Comments
  • Fri, Dec. 2, 8:27 AM
    • Alaska Air Group (NYSE:ALK) reports revenue passenger miles increased 7.5% in November to 2.992B.
    • Capacity was up 2.8% Y/Y to 3.517B available seat miles.
    • November load factor +340 bps to 85.1%.
    • YTD load factor +10 bps to 84.3%.
    | Fri, Dec. 2, 8:27 AM | 1 Comment
  • Wed, Nov. 30, 1:42 PM
    • Alaska Air Group (ALK) expects the DOJ to complete its review on the planned merger with Virgin America within the next week, according to a Bloomberg headline.
    • Shares of Virgin America (VA +0.2%) are acting like a finalized deal is in the works and now trade at $56.50. The airline was bought out by ALK at $57 per share.
    | Wed, Nov. 30, 1:42 PM | 2 Comments
  • Mon, Nov. 28, 2:36 PM
    • An American Airlines Group (AAL -1%) jet made the first Miami-to-Havana commercial flight in more than fifty years earlier today.
    • A JetBlue (JBLU -2.6%) flight from NYC's Kennedy airport also made its way to Havana today.
    • Flight into Havana from United Continental (UAL -1.3%), Delta Air Lines (DAL -1.3%), Frontier Airlines, Spirit Airlines (SAVE -1.5%) are also scheduled for this week.
    • Southwest Airlines (LUV +0.1%) and Alaska Air Group (ALK -0.5%) are adding service later on. 
    • The airlines are sticking with their plans to fly into Cuba, despite some uncertainty over President-elect Trump's position on U.S.-Cuba relations.
    | Mon, Nov. 28, 2:36 PM | 6 Comments
  • Fri, Nov. 18, 1:22 PM
    • Alaska Air Group (ALK +0.8%) is close to settling with the U.S. government on terms for its acquisition of Virgin America (NASDAQ:VA), according to Bloomberg.
    • Virgin America is up 1.80% to $56.45 vs. the $57 deal price.
    | Fri, Nov. 18, 1:22 PM | 2 Comments
  • Thu, Nov. 17, 10:57 AM
    • U.S. air fares fell back 2.2% M/M in October, according to data compiled by the Bureau of Transportation Services.
    • The fall is the third time in the last four months that fares have dropped. On an unadjusted year-over-year comparison, fares were down 5.2% during the month.
    • The lower level of fares will factor into the hyper-watched revenue per available seat mile metric.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Thu, Nov. 17, 10:57 AM | 3 Comments
  • Tue, Nov. 15, 7:57 AM
    • Analyst are still buzzing over Warren Buffett's move to invest in four major airline stocks at once.
    • "What Buffett is basically saying is that the US industry has reached a position of relative stability and will behave," notes Hamlin Transportation Consulting analysts George Hamlin.
    • Other industry watchers think that the boost of confidence from Omaha could bring in a new wave of buyers to the sector which trades at low valuations.
    • Buffett picks in premarket trading: UAL +3.26% AAL +5.65% DAL +3.86% LUV +2.80%.
    • Other airline stocks: JBLU +1.77%, Hawaiian Holdings (NASDAQ:HA) +1.00%, while Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE) and Allegiant Travel (NASDAQ:ALGT) haven't started trading yet.
    • Related ETF: JETS.
    • Previously: Buffett buys airlines (Nov. 14)
    | Tue, Nov. 15, 7:57 AM | 3 Comments
  • Fri, Nov. 11, 7:01 PM
    • Flights at several airlines were grounded today as a computer outage at airline-tech firm Sabre created a glitch in operations.
    • Sabre says the systems were running again by early this afternoon, but didn't identify a cause for the problem.
    • American Airlines (NASDAQ:AAL) said flights were delayed but not canceled, while Southwest (NYSE:LUV) said the outage briefly prevent bookings, ticket changes and use of mobile boarding passes. Alaska (NYSE:ALK) said 15 flights were delayed by up to 15 minutes.
    • The glitch also hit Virgin America (NASDAQ:VA) and JetBlue (NASDAQ:JBLU), but United (NYSE:UAL) said flights were unaffected, and Delta (NYSE:DAL) doesn't use Sabre.
    • Airline stocks generally followed the market's closing lift to gains today, though: AAL +1.5%; LUV +0.5%; ALK +0.4%; VA flat; JBLU +0.3%; UAL +0.5%; DAL +0.9%.
    | Fri, Nov. 11, 7:01 PM | 12 Comments
  • Mon, Nov. 7, 12:36 PM
    • Wolfe Research analyst Hunter Keay isn't worried that higher oil prices in the future will be a negative for airline companies.
    • He thinks the impact of capacity discipline is more important than the bottom line of a lower fuel spend. Keay's analysis is below.
    • "Multiples drive about 70 percent of the movement in stock prices. And multiples are dictated by the perception of pricing power, and pricing power is dictated by capacity control. Excess capacity drives pricing down... It’s not about profits, it’s about how they make the profits, about pricing power. Capacity discipline and fundamental behaviors are far more important than the amount of money they earn."
    • Oil prices are up 0.7% on the day, but have dropped sharply over the last month.
    • Airline ETF: JETS.
    | Mon, Nov. 7, 12:36 PM | 17 Comments
  • Wed, Nov. 2, 8:24 AM
    • Alaska Air Group (NYSE:ALK) reports revenue passenger miles increased 5.5% in October to 2.905B.
    • The number of passengers flown during the month was 4.4% higher.
    • Capacity was up 3.2% Y/Y in October to 3.451B available seat miles.
    • October load factor +190 bps to 84.2%.
    • YTD load factor -30 bps to 84.2%.
    • The company continues to work toward a merger with Virgin America.
    | Wed, Nov. 2, 8:24 AM
  • Wed, Nov. 2, 8:18 AM
    • Alaska Air (NYSE:ALK) declares $0.275/share quarterly dividend, in line with previous.
    • Forward yield 1.54%
    • Payable Dec. 1; for shareholders of record Nov. 15; ex-div Nov. 10.
    | Wed, Nov. 2, 8:18 AM
  • Fri, Oct. 28, 10:13 AM
    | Fri, Oct. 28, 10:13 AM | 1 Comment