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Alaska Air Group, Inc. (ALK)

  • Thu, Jan. 22, 9:03 AM
    • Alaska Air (NYSE:ALK) reports total passenger revenue rose 7.93% to $1.12B.
    • Consolidated PRASM -2.4%.
    • PRASM by segment: Mainline: -1.3%; Regional: -6.7%.
    • Consolidated load factor -100 bps to 83.4%.
    • Economic fuel cost per gallon fell 17.8% to $2.64.
    • ALK +3.59% premarket.
    • Q4 results
    | Comment!
  • Thu, Jan. 22, 7:31 AM
    • Alaska Air (NYSE:ALK) declares $0.20/share quarterly dividend, 66.7% increase from prior dividend of $0.12.
    • Forward yield 1.23%
    • Payable March 10; for shareholders of record Feb. 24; ex-div Feb. 19.
    | 1 Comment
  • Thu, Jan. 22, 7:30 AM
    • Alaska Air (NYSE:ALK): Q4 EPS of $0.94 beats by $0.01.
    • Revenue of $1.31B (+8.3% Y/Y) beats by $10M.
    • Shares +1.34% PM.
    • Press Release
    | Comment!
  • Wed, Jan. 21, 5:30 PM
  • Tue, Jan. 20, 7:41 AM
    • U.S. airlines are expected to return more cash to shareholders this year and pay down debt with the money saved from lower fuel expenses.
    • The carriers may also use the improvement on their balance sheet to push for better financing terms on new aircraft purchases.
    • A significant drop in airfares is lower on the list with demand in the U.S. at a strong level.
    • Related stocks: VA, LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET.
    • Previously: Airline math: Jet fuel down 30%, fares down 5% (Jan. 16 2015)
  • Fri, Jan. 16, 9:43 AM
  • Tue, Jan. 13, 7:58 AM
    • Cowen Research's Helane Becker takes a positive view on pricing in the airline sector for 2015 on her view domestic demand will stay strong enough to keep the pressure off of airlines to drop fares.
    • A gauge of recent comments by airline execs seems to indicate the analyst is correct and airfares will be held largely level - despite the sharp drop in oil prices.
    • Delta Air Lines CEO: "It’s wonderful that fuel has run down–we love it. There’s a $2 billion opportunity out there if we hold fare levels constant."
    • American Airlines Group CEO: "...we don’t have plans to go off and just proactively cut fares."
    • Southwest Airlines CEO: "What I would not want to do to customers is take them through the same volatile ride with fares [as 2008], lowered in one day, raised in the next day."
    • U.S. carriers: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
  • Mon, Jan. 12, 10:37 AM
    • Alaska Air Group (ALK +0.4%) is upgraded by Evercore Partners to a Buy rating from Hold.
    • The investment firm set a price of target of $75 on ALK.
    • Though the company is active in fuel hedging, it has reduced its reliance on hedges over time which sets it up receive a larger immediate benefit from lower fuel costs.
    | Comment!
  • Wed, Jan. 7, 2:25 PM
    • Despite the brisk rally in airline stocks, Credit Suisse thinks there is plenty of upside still left.
    • "The market has been hesitant to fully price in benefits from the rapid fuel decline and consensus has yet to fully adjust for lower fuel," reads the optimistic CS note.
    • Analysts with the firm tap United Continental (NYSE:UAL) as their top sector pick.
    • Airline stocks: LUV, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
  • Tue, Jan. 6, 9:06 AM
    • Alaska Air Group (NYSE:ALK) reports revenue passenger miles increased 9.1% to 2.707B in December.
    • The carrier's load factor fell 250 bps to 85.0% as capacity was up 12.3% during the period.
    | Comment!
  • Mon, Jan. 5, 3:18 PM
  • Dec. 31, 2014, 10:07 AM
    • Airline stocks are in rally mode again off of momentum driven by the latest slide in oil prices.
    • Southwest Airlines (LUV +2.2%) is poised to end the year as the top performing stock of the S&P 500 Index with a +125% rip.
    • Though jet fuel hedging strategies vary widely throughout the sector, a prolonged period of lower oil prices will allow all carriers to realize a benefit.
    • Gainers: Republic Airways (NASDAQ:RJET) +4.4%, United Continental (NYSE:UAL) +2.4%, Virgin America (NASDAQ:VA) +1.9%, JetBlue (NASDAQ:JBLU) +1.8%, Alaska Air Group (NYSE:ALK) +1.7%, Allegiant Travel (NASDAQ:ALGT) +1.6%, Delta Air Lines (NYSE:DAL) +1.6%, SkyWest (NASDAQ:SKYW) +1.4%.
    • Previous: Hedging strategies by airline
  • Dec. 23, 2014, 10:06 AM
    • The type of hedging strategies used by airliners will play a big part in profitability in the sector after the sharp drop in jet fuel prices.
    • Delta Airlines (NYSE:DAL) estimates it keeps about 65% of the drop in fuel costs, but will owe $800M to counterparties (the other side of the hedge) if oil is 20% lower on December 31, 2015 from where it stood on October 1, 2014. By Delta's estimation, a penny drop in oil prices is a net $40M to the good side.
    • Southwest Airlines (NYSE:LUV) forecasts it will reap $0.80 for every $1 drop in oil prices, but disclosed a $615M liability to creditors if crude oil prices stay below 25% from the level of September 30.
    • American Airlines Group (NASDAQ:AAL) will realize the full impact from the drop in fuel costs on its bottom line due to the decision by the company not to hedge at all.
    • Other airliners could also have some hedging exposure, although details are light on the strategies employed in the sector.
    • What to watch: Q1 reports and conference calls in the sector could be key in filling in some of the blanks.
    • Related stocks: UAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
  • Dec. 23, 2014, 8:26 AM
    • U.S. airliners as a group showed a 2.6% gain to 16.40 (cents) in fares earned per revenue passenger mile in November, according to data from Airlines for America.
    • A 4.0% Y/Y increase for the metric on domestic routes offset a 1.4% decline in international flights.
    • The YTD mark is up 2.3% to 16.53.
    • Related stocks: ALK, AAL, DAL, JBLU, LUV, UAL.
    | Comment!
  • Dec. 17, 2014, 1:15 PM
    • Flights attendants with Alaska Airlines (ALK -1.8%) sign a tentative contract agreement.
    • The 5-year deal includes pay at the top of the sector, while protecting the company on escalating health care costs.
    | 1 Comment
  • Dec. 15, 2014, 3:14 PM
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Company Description
Alaska Air Group Inc through its subsidiaries, provides passenger air, freight and mail services within the state of Alaska and on the West Coast.
Sector: Services
Country: United States