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Alaska Air Group Inc.
Type
Public
Traded as NYSE: ALK
DJTA Component
S&P 500 Component
Industry Transportation
Founded 1985
Headquarters SeaTac, WA, United States
Area served
United States
Key people
Brad Tilden (CEO, President & Chairman of the Board)
Services Airline Services
Revenue Increase US$5.931 Billion (2016)
Operating income
Increase US$1.349 Billion (2016)
Net income
Decrease US$814 Million (2016)
Total assets Increase US$9.977 Billion (2016)
Total equity Increase US$2.931 Billion (2016)
Number of employees
19,000 (2016)
Subsidiaries
  • Alaska Airlines
    • McGee Air Services
  • Horizon Air
  • Virgin America
Website alaskaair.com

Alaska Air Group Inc. is an airline holding company based in SeaTac, Washington. It owns three certificated airlines operating in the United States: Alaska Airlines, Horizon Air and Virgin America. The Alaska Air Group also oversees an aircraft ground handling company, McGee Air Services, which is wholly owned by Alaska Airlines.

It was formed in 1985 and acquired Horizon Air and Jet America Airlines the next year. Jet America Airlines was merged into Alaska Airlines in 1987.

Between 2007 and 2010, the number of employees under Alaska Air Group's subsidiaries dropped from 13,618 (10,142 at Alaska Airlines and 3,476 at Horizon Air) to 12,039 (9,013 at Alaska Airlines and 3,202 at Horizon Air). By 2011, the number of employees had risen to 12,806 (9,640 at Alaska Airlines and 3,166 at Horizon Air).

In 2011, Alaska Air Group replaced the AMR Corporation in the Dow Jones Transportation Average following AMR's filing for bankruptcy.

On March 29, 2016 Alaska Airlines announced that it would form a wholly owned subsidiary called McGee Air Services, a dedicated airline services company. McGee competes with other, similar companies to provide ground handling, aircraft cleaning and wheelchair services to Alaska Airlines.

On April 4, 2016, Alaska Air Group announced plans to acquire Virgin America, pending approval from US government regulators and Virgin America shareholders, before the acquisition was completed on December 14, 2016. The total price for the acquisition was approximately $2.6 billion. Until 2018, Alaska Air Group will continue to operate Alaska Airlines and Virgin America as separate airlines and will continue to honor both Alaska's Mileage Plan and Virgin America's Elevate loyalty programs. By the end of 2016, following Virgin America's acquisition the number of Alaska Air Group employees rose to 19,112 (12,224 at Alaska Airlines, 3,616 at Horizon Air, and 3,252 at Virgin America).

On March 22, 2017 the company announced that Alaska Air Group will merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand. The Virgin America brand is expected to be retired in 2019.

As of 2017, Alaska Air Group shares are mainly held by institutional investors T. Rowe Price, The Vanguard Group, and others.

Alaska Air Group operates a mix of Airbus, Boeing, Bombardier, and Embraer aircraft through its subsidiaries Alaska Airlines, Horizon Air, and Virgin America. As of October 2017, Alaska Airlines' fleet consisted of 151 jet aircraft, Horizon Air's fleet consisted of 52 turboprop and 10 jet aircraft, and Virgin America's fleet consisted of 65 jet aircraft, with the combined fleet under Alaska Air Group's management numbering 278 aircraft.

Alaska Air Group has created a new branding identity for its Horizon Air subsidiary and other independently owned and separately directed affiliate regional airlines it chooses to contract to do regional flying business into markets too limited to be flown only on Alaska Airlines mainline equipment. Among the other airlines now sub-contracted to do additional flying for the Alaska Air Group is SkyWest, Inc.'s SkyWest Airlines, whose Bombardier CRJ700 and Embraer E175 aircraft dedicated to providing service for the Alaska Air Group are painted in a very similar manner to Alaska Horizon's. SkyWest's fleet however, is branded Alaska SkyWest to differentiate that airline's aircraft from those of Horizon Air.

Through Alaska Airlines and Horizon Air, Alaska Air Group services the passenger and cargo markets of the Pacific Northwest with its extensive route network hub through Seattle/Tacoma and Portland International Airports, and the state of Alaska through Ted Stevens Anchorage International Airport. After the demise of Aloha Airlines and ATA Airlines in 2008, Alaska Air Group expanded heavily centering on Hawaii and other non-airline hub secondary mainland cities and airports, including San Diego International Airport and San Jose International Airport. After the acquisition of Virgin America in 2016, Alaska Air Group further expanded into California through Virgin America's hubs at San Francisco and Los Angeles International Airports, and focus city at Dallas Love Field in Texas.

News

Alaska Air Group, Inc. -3.23% (industrials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-01-26 Future report Set alerts
Q3 2020 2020-10-22 Future report Set alerts
Q2 2020 2020-07-23 -3.54 -1.73
Q1 2020 2020-05-05 -0.82 -1.87
Q4 2019 2020-01-28 1.46 1.46
Q3 2019 2019-10-24 2.63 2.60
Q2 2019 2019-07-25 2.17 2.11
Q1 2019 2019-04-25 0.17 0.03
Q4 2018 2019-01-24 0.75 0.19
Q3 2018 2018-10-25 1.91 1.75

Ratings

2016-06-15 Reiterated Rating Cowen and Company Buy
2016-06-15 Reiterated Rating Morgan Stanley Overweight
2016-06-14 Lower Price Target Cowen and Company Outperform $88.00 to $87.00
2016-06-14 Downgrade Raymond James Strong-Buy to Outperform $105.00 to $88.00
2016-06-14 Downgrade Raymond James Financial Inc. Strong-Buy to Outperform $105.00 to $88.00
2016-05-16 Initiated Coverage Cowen and Company Outperform $89.00
2016-05-16 Reiterated Rating Sterne Agee CRT Buy
2016-04-22 Downgrade Buckingham Research Buy to Neutral
2016-04-15 Reiterated Rating Buckingham Research Buy to Buy
2016-04-10 Reiterated Rating Deutsche Bank Buy $86.00
2016-04-10 Reiterated Rating Deutsche Bank AG Buy $86.00
2016-04-07 Reiterated Rating Credit Suisse Hold
2016-04-07 Reiterated Rating Credit Suisse Group AG Hold
2016-04-05 Reiterated Rating Morgan Stanley Overweight
2016-04-05 Upgrade Bank of America Underperform to Neutral
2016-04-05 Upgrade Bank of America Corp. Underperform to Neutral
2016-04-04 Upgrade JPMorgan Chase & Co. Underweight to Neutral $77.00 to $82.00
2016-04-02 Reiterated Rating Deutsche Bank Buy
2016-03-14 Boost Price Target Wolfe Research $100.00 to $102.00
2016-03-03 Reiterated Rating Sterne Agee CRT Buy $100.00
2016-02-06 Reiterated Rating Morgan Stanley Overweight
2016-02-04 Lower Price Target JPMorgan Chase & Co. Underweight $78.50 to $77.00
2016-01-25 Lower Price Target Credit Suisse Neutral $90.00 to $84.00
2016-01-22 Upgrade Deutsche Bank Hold to Buy $84.00 to $86.00
2016-01-22 Reiterated Rating Credit Suisse Hold
2016-01-22 Reiterated Rating Cowen and Company Buy
2016-01-19 Lower Price Target Credit Suisse Neutral $90.00 to $84.00
2016-01-07 Downgrade Credit Suisse Outperform to Neutral $95.00 to $90.00
2015-12-28 Downgrade Stifel Nicolaus Buy to Hold
2015-12-23 Reiterated Rating Oppenheimer Buy
2015-12-23 Reiterated Rating Oppenheimer Holdings Inc. Buy
2015-12-22 Downgrade Sidoti Buy to Hold
2015-12-22 Downgrade Stifel Nicolaus Buy to Hold
2015-12-21 Boost Price Target Deutsche Bank Hold $77.00 to $84.00
2015-12-11 Boost Price Target Raymond James Strong-Buy $97.00 to $105.00
2015-12-05 Reiterated Rating Cowen and Company Buy
2015-12-04 Boost Price Target Cowen and Company Outperform $90.00 to $97.00
2015-11-30 Boost Price Target Raymond James $95.00 to $97.00
2015-10-23 Reiterated Rating Deutsche Bank Hold $73.00 to $77.00
2015-10-23 Upgrade Evercore ISI Hold to Buy $80.00
2015-10-23 Boost Price Target Stifel Nicolaus Buy $80.00 to $85.00
2015-10-13 Boost Price Target JPMorgan Chase & Co. Overweight $72.50 to $79.00
2015-10-13 Downgrade Evercore ISI Buy to Hold
2015-10-12 Reiterated Rating Morgan Stanley Overweight $95.00
2015-09-25 Boost Price Target Cowen and Company $87.00 to $90.00
2015-09-17 Reiterated Rating Barclays Equal Weight $80.00 to $90.00
2015-09-17 Reiterated Rating Barclays PLC Equal Weight $80.00 to $90.00
2015-09-10 Boost Price Target Credit Suisse $92.00 to $94.00
2015-09-04 Boost Price Target Evercore ISI Buy $80.00 to $82.00
2015-09-01 Reiterated Rating Raymond James Buy
2015-08-17 Reiterated Rating Cowen and Company Outperform $87.00
2015-08-04 Reiterated Rating Morgan Stanley Overweight $87.00 to $97.00
2015-07-25 Reiterated Rating Imperial Capital Buy
2015-07-24 Reiterated Rating Deutsche Bank Hold $71.00 to $73.00
2015-07-24 Boost Price Target Imperial Capital Outperform $86.00 to $96.00
2015-07-23 Boost Price Target Cowen and Company Outperform $82.00 to $87.00
2015-06-26 Upgrade Credit Suisse Neutral to Buy $78.00
2015-06-24 Initiated Coverage Morgan Stanley Buy
2015-06-23 Upgrade Morgan Stanley Equal Weight to Overweight $69.00 to $83.00
2015-06-18 Boost Price Target Barclays Equal Weight $68.00 to $80.00
2015-06-18 Upgrade Credit Suisse Neutral to Outperform $75.00 to $78.00
2015-06-10 Set Price Target JPMorgan Chase & Co. Sell $70.00 to $66.00
2015-05-09 Reiterated Rating JPMorgan Chase & Co. Underweight $74.50 to $70.00
2015-05-01 Initiated Coverage Credit Suisse Neutral $76.00 to $76.00
2015-04-27 Boost Price Target CRT Capital Buy $80.00 to $82.00
2015-04-24 Upgrade Buckingham Research Neutral to Buy
2015-03-16 Reiterated Rating Imperial Capital Outperform $86.00
2015-03-02 Upgrade Stifel Nicolaus Hold to Buy $85.00
2015-02-27 Upgrade Raymond James Outperform to Strong-Buy
2015-02-19 Initiated Coverage Bank of America Underperform
2015-02-12 Set Price Target Cowen and Company Buy $82.00
2015-01-23 Boost Price Target Deutsche Bank Hold $65.00 to $71.00
2015-01-23 Boost Price Target Cowen and Company Buy $73.00 to $82.00
2015-01-23 Boost Price Target Imperial Capital Outperform $69.00 to $86.00
2015-01-16 Boost Price Target Barclays Equal Weight $65.00 to $68.00
2015-01-13 Set Price Target Imperial Capital Buy $69.00
2015-01-13 Upgrade Deutsche Bank Sell to Hold $65.00
2015-01-12 Boost Price Target CRT Capital Buy $65.00 to $69.00
2015-01-12 Upgrade Evercore ISI Hold to Buy $60.00 to $75.00
2014-12-15 Boost Price Target Deutsche Bank Sell $42.50 to $53.00
2014-12-10 Boost Price Target Imperial Capital Outperform $60.00 to $69.00
2014-12-05 Boost Price Target CRT Capital Buy $61.00 to $65.00
2014-12-01 Boost Price Target Bank of America Buy to Underperform $53.00 to $55.00
2014-10-30 Downgrade JPMorgan Chase & Co. Neutral to Underweight $53.50 to $51.00
2014-10-27 Reiterated Rating CRT Capital Buy $58.00 to $61.00
2014-10-24 Downgrade Buckingham Research Buy to Neutral
2014-09-05 Downgrade Raymond James Outperform to Market Perform $55.00
2014-07-30 Downgrade JPMorgan Chase & Co. Overweight to Neutral $56.50 to $53.50
2014-07-29 Boost Price Target Imperial Capital Outperform $56.00 to $60.00
2014-07-28 Boost Price Target CRT Capital Buy $57.00 to $58.00
2014-07-16 Boost Price Target CRT Capital Buy $52.00 to $57.00
2014-07-15 Boost Price Target Imperial Capital Outperform $54.00 to $56.00
2014-07-14 Lower Price Target Morgan Stanley $56.00 to $54.00
2014-07-11 Reiterated Rating Deutsche Bank Sell $85.00 to $42.50
2014-07-11 Reiterated Rating Barclays Equal Weight $100.00 to $54.00
2014-05-30 Downgrade Stifel Buy to Hold $95
2014-05-30 Downgrade Stifel Nicolaus Buy to Hold $50.00 to $47.50
2014-05-27 Boost Price Target JPMorgan Chase & Co. Overweight $55.50 to $56.75
2014-05-01 Reiterated Rating JPMorgan Chase & Co. Overweight $55.50
2014-04-28 Boost Price Target Deutsche Bank Sell $35.00 to $42.50
2014-04-25 Reiterated Cowen Outperform $100 to $115
2014-04-25 Boost Price Target Cowen and Company Outperform $50.00 to $57.50
2014-04-17 Boost Price Target Barclays Equal Weight $45.50 to $50.00
2014-04-10 Boost Price Target Raymond James $53.00 to $54.00
2014-04-08 Boost Price Target Imperial Capital Outperform $45.00 to $54.00
2014-04-03 Boost Price Target JPMorgan Chase & Co. $48.50 to $49.75
2014-04-01 Downgrade Evercore ISI Overweight to Equal Weight $43.00 to $48.00
2014-03-14 Reiterated Cowen Outperform $95 to $100
2014-03-14 Boost Price Target Cowen and Company Outperform $47.50 to $50.00
2014-02-25 Initiated Coverage Stifel Nicolaus Buy $50.00
2014-02-04 Boost Price Target Barclays Equal Weight $42.00 to $45.50
2014-01-31 Upgrade JPMorgan Chase & Co. Neutral to Overweight $35.25 to $48.50
2014-01-24 Boost Price Target Imperial Capital Outperform $43.00 to $45.00
2014-01-24 Reiterated Cowen Outperform $83 to $95
2014-01-24 Boost Price Target Cowen and Company Outperform $41.50 to $47.50
2013-12-06 Downgrade Deutsche Bank Hold to Sell $35.00
2013-11-19 Boost Price Target Imperial Capital Outperform $39.00 to $43.00
2013-11-19 Initiated FBR Capital Outperform $78 to $86
2013-11-18 Reiterated Rating Bank of America Buy $37.50 to $41.50
2013-11-15 Reiterated Rating Cowen and Company Positive $41.50
2013-11-08 Upgrade Barclays Underweight to Equal Weight $31.50 to $42.00
2013-10-25 Boost Price Target Imperial Capital Outperform $35.00 to $39.00
2013-10-25 Initiated Cowen Outperform $75 to $83
2013-10-25 Boost Price Target Raymond James Outperform $36.50 to $39.00
2013-10-25 Boost Price Target JPMorgan Chase & Co. Neutral $33.50 to $35.25
2013-10-25 Initiated Coverage Cowen and Company Outperform $37.50 to $41.50
2013-10-16 Upgrade Imperial Capital In-line to Outperform $63 to $70
2013-10-15 Upgrade Imperial Capital In-Line to Outperform $31.50 to $35.00
2013-10-08 Downgrade Deutsche Bank Buy to Hold $35.00
2013-09-17 Boost Price Target JPMorgan Chase & Co. Neutral $32.00 to $33.50
2013-04-12 Initiated Imperial Capital In-line $63
2016-06-15 Reiterated Rating Cowen and Company Buy
2016-06-15 Reiterated Rating Morgan Stanley Overweight
2016-06-14 Lower Price Target Cowen and Company Outperform $88.00 to $87.00
2016-06-14 Downgrade Raymond James Strong-Buy to Outperform $105.00 to $88.00
2016-06-14 Downgrade Raymond James Financial Inc. Strong-Buy to Outperform $105.00 to $88.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TILDEN BRADLEY D PRESIDENT AND CEO 0.10%  (132176) ALK / FLOW / JWN /
AYER WILLIAM S EXECUTIVE CHAIR 0.07%  (91102) ALK / HON /
MINICUCCI BENITO EVP/OPS & COO 0.07%  (89791) ALK /
CAMPBELL PHYLLIS J 0.03%  (40932) ALK / JWN /
Bedient Patricia M 0.03%  (40364) ALK / PK / WY /
THOMPSON J KENNETH 0.03%  (37053) ALK / CDE / PXD / TTEK /
PEDERSEN BRANDON VP/FINANCE & CFO 0.02%  (26888) ALK /
HARRISON ANDREW R VP/PLNG & REV MGMT 0.02%  (24092) ALK /
MADSEN DENNIS F 0.02%  (23928) ALK / WMAR /
LANGLAND MARC 0.02%  (21145) ALK / NRIM /
YOUNG TAMARA S VP/HUMAN RESOURCES 0.01%  (19357) ALK /
BLAKEY MARION C 0.01%  (13232) ALK /
WACKER HERMAN L VP/LEGAL, GEN CSL 0.01%  (11092) ALK /
ELIASEN MARK G VP/FINANCE & TREASURER 0.01%  (9471) ALK /
SCHNEIDER ANDREA L VP PEOPLE 0.01%  (8419) ALK /
TACKETT SHANE R VP/LABOR RELATIONS 0.01%  (8170) ALK /
YEAMAN ERIC K 0.01%  (7800) ALEX / ALK / FHB / HCOM /
CAMPBELL DAVID L PRES & COO/HORIZON AIR 0.01%  (6866) ALK /

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