Alaska Air Group Inc. ($ALK) Stock Forecast: Up 5.0% Today

What is Alaska Air Group Inc.?

Alaska Air Group (NYSE: ALK) is a major American airline headquartered in Seattle, Washington. The company operates a large domestic route network, focusing on connecting cities in the Pacific Northwest.

Why is Alaska Air Group Inc. going up?

ALK stock is up 5.0% on Jan 23, 2025 15:20

• Alaska Air (ALK) experienced a strong bullish movement today due to several factors:
• Q4 revenue exceeding estimates, driven by robust travel demand and operational reliability.
• Confirmation of a $1 billion share buyback plan, indicating confidence in future profitability growth.
• Significant decrease in short interest, reflecting reduced bearish sentiment among investors.
• Positive earnings and revenue surprises in Q4 2024, hinting at a potential upward trend for the stock.
• In conclusion, the combination of strong financial performance, strategic initiatives like the "Alaska Accelerate" program, and positive views from market analysts have likely contributed to ALK's bullish market movement today.

ALK Price Chart

ALK Technical Analysis

ALK News

Alaska Air Credits Q4 Revenue Jump To Strong Travel Demand, Confirms $1 Billion Share Buyback Plan - Alaska Air Gr ( NYSE:ALK )

Alaska Air Q4 revenue of $3.53B beat estimates, driven by strong demand and operational reliability. FY25 adjusted EPS expected to exceed $5.75, signaling significant profitability growth ahead. Alaska Air Group, Inc. ALK shares are trading higher premarket on Thursday.

https://www.benzinga.com/25/01/43159379/alaska-air-group-q4-revenue-up-7-yy-amid-strong-travel-demand-announces-1-billion-share-buyback-plan

( ALK ) - Analyzing Alaska Air Gr's Short Interest - Alaska Air Gr ( NYSE:ALK )

Alaska Air Gr's ALK short percent of float has fallen 32.71% since its last report. The company recently reported that it has 6.58 million shares sold short, which is 6.89% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/25/01/43157462/alk-analyzing-alaska-air-grs-short-interest

Bull of the Day: Alaska Air Group ( ALK )

The airliner strives to deliver $1 billion in incremental profit under its newly-created "Alaska Accelerate" program.

https://www.zacks.com/commentary/2401614/bull-of-the-day-alaska-air-group-alk

Alaska Air Group ( ALK ) Q4 Earnings and Revenues Beat Estimates

Alaska Air (ALK) delivered earnings and revenue surprises of 106.38% and 0.64%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2401754/alaska-air-group-alk-q4-earnings-and-revenues-beat-estimates

Is It Worth Investing in Alaska Air ( ALK ) Based on Wall Street's Bullish Views?

The average brokerage recommendation (ABR) for Alaska Air (ALK) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

https://www.zacks.com/stock/news/2401258/is-it-worth-investing-in-alaska-air-alk-based-on-wall-streets-bullish-views

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Alaska Air Group Inc. Price History

13.08.2024 - ALK Stock was up 5.2%

• ALK stock surged significantly after the company raised its third-quarter adjusted earnings per share guidance, now expecting a range of $2.15 to $2.25, well above both analyst estimates and its previous guidance.
• The bullish movement can be attributed to Alaska Air Group's optimistic outlook on its financial performance, driven by a solid summer travel surge and improved operational efficiency.
• Despite the overall market remaining flat, ALK stood out with its positive news, attracting investors' attention and boosting confidence in the company's future earnings potential.

05.11.2024 - ALK Stock was up 5.5%

• Recently, ALK has shown strong bullish momentum, with a 46.5% increase in the past 3 months, signaling positive investor sentiment and potential growth opportunities.
• Despite overall market gains, ALK's stock closed slightly lower at $52.60, indicating short-term volatility and some profit-taking behavior among investors.
• The varying stock movements may be due to investors reevaluating ALK's current valuation and future growth potential, resulting in mixed reactions in the stock price.
• It is advisable for investors to monitor developments in the airline industry and ALK's strategic plans closely to make well-informed decisions about their investment in the company.

23.00.2025 - ALK Stock was up 5.0%

• Alaska Air (ALK) experienced a strong bullish movement today due to several factors:
• Q4 revenue exceeding estimates, driven by robust travel demand and operational reliability.
• Confirmation of a $1 billion share buyback plan, indicating confidence in future profitability growth.
• Significant decrease in short interest, reflecting reduced bearish sentiment among investors.
• Positive earnings and revenue surprises in Q4 2024, hinting at a potential upward trend for the stock.
• In conclusion, the combination of strong financial performance, strategic initiatives like the "Alaska Accelerate" program, and positive views from market analysts have likely contributed to ALK's bullish market movement today.

05.08.2024 - ALK Stock was up 5.3%

• Despite a slight decrease in Alaska Air Group's stock price, the overall bullish movement indicates positive momentum in the market.
• The FDI nod for the Vistara-Air India merger involving Singapore Airlines could have boosted investor confidence in the airline industry, including Alaska Air Group.
• The ongoing airline transactions and mergers in the industry, such as the deal with Asiana Airlines Inc., could have created a positive sentiment around airline stocks, including Alaska Air Group.
• The overall market optimism towards the airline sector, driven by strategic investments and mergers, likely contributed to Alaska Air Group's bullish movement today.

12.11.2024 - ALK Stock was up 5.1%

• The bullish movement in Alaska Air Group's stock (ALK) today can be attributed to several factors:
• The company's upward revision of its earnings guidance for the fourth quarter of 2024 has instilled confidence in investors, signaling strong financial performance.
• Alaska Air's 'Accelerate Plan' and ambitious target of achieving $10 earnings per share by 2027 have likely fueled investor optimism and attracted bullish sentiment.
• The positive trend in earnings estimate revisions and the overall positive market sentiment towards the company have contributed to the significant jump in the stock price today.
• Despite a slight -0.33% dip in the stock price in the latest trading session, the overall outlook remains positive, driven by the company's strategic initiatives and strong financial projections.

11.11.2024 - ALK Stock was up 5.9%

• ALK stock experienced a strong bullish movement of 13.16% in Tuesday's trading session.
• The bullish trend was primarily fueled by ALK raising its fourth-quarter 2024 adjusted earnings per share guidance, showing confidence in its financial performance.
• Positive market sentiment was further supported by Alaska Air's 'Accelerate Plan' with a $10 EPS target by 2027, indicating strong growth prospects and financial outlook.
• The stock's significant jump on higher-than-average trading volume and the latest trend in earnings estimate revisions suggest that investors are optimistic about Alaska Air's future performance, contributing to the bullish market movement.

10.11.2024 - ALK Stock was up 11.1%

• Despite a slight decrease in stock price, Alaska Air Group (ALK) managed to maintain a bullish movement today.
• The -0.33% change in stock price could be attributed to minor profit-taking or market corrections after a recent bullish trend.
• Overall, investor sentiment towards Alaska Air Group remains positive, potentially driven by improving travel demand and operational efficiency within the airline industry.
• Investors are closely monitoring ALK's performance amidst ongoing recovery efforts within the aviation sector post-pandemic.

10.11.2024 - ALK Stock was up 11.7%

• ALK stock experienced a strong bullish movement today.
• The stock price surged as Alaska Air Group announced a robust financial outlook for fiscal year 2025, with a projected earnings per share of at least $5.75, exceeding estimates.
• The positive market sentiment was likely driven by investors' optimism towards the company's 'Accelerate Plan' and the target of achieving $10 EPS by 2027.
• The bullish movement showcases investor confidence in Alaska Air's strategic initiatives and future growth prospects, leading to a surge in buying activity and driving the stock price higher.

31.09.2024 - ALK Stock was up 5.0%

• Alaska Air Group (ALK) surpassed Q3 earnings and revenue expectations, reflecting robust financial performance and favorable investor sentiment.
• The uptrend in the stock price may be linked to optimistic analyst projections for ALK, suggesting a bullish outlook on the company.
• Despite a marginal dip in the most recent trading period, the overall strong financial results and analyst endorsements probably contributed to the bullish momentum observed in ALK stock today.

18.06.2024 - ALK Stock was down 7.4%

• ALK stock faced strong selling pressure as its third-quarter forecast fell short of expectations.
• The company surpassed earnings per share (EPS) estimates but the cautious outlook for Q3 and lower-than-expected revenue growth weighed on investor sentiment.
• Although Q2 results were mixed and efforts to improve premium services were noted, concerns about future performance overshadowed these positive aspects.
• Although some analysts maintained a Buy rating following the positive EPS result, market sentiment was primarily negative due to the disappointing Q3 outlook.

18.06.2024 - ALK Stock was down 5.5%

• Alaska Air Group (ALK) reported a disappointing third-quarter outlook, falling short of estimates, which led to a bearish market movement.
• Despite maintaining a Buy rating from TD Cowen and beating earnings per share (EPS) estimates, the cautious Q3 outlook and lowered FY24 guidance impacted investor sentiment negatively.
• The mixed Q2 results, with total operating revenue growth of 2% year-over-year but missing consensus, along with a decrease in adjusted EPS, contributed to the bearish trend.
• The overall market sentiment towards Alaska Air Group was influenced by the company's performance metrics, such as revenue, net income, and operating margins, as well as the industry outlook and competitive positioning.

02.07.2024 - ALK Stock was down 5.1%

• ALK stock might have experienced a bearish movement possibly due to concerns about its cybersecurity systems, following a recent outage that impacted major airlines like United Airlines and Delta Air Lines.
• Investors may be worried about potential vulnerabilities in ALK's systems compared to those of other airline companies that were unaffected by the outage, leading to the bearish movement in the stock.
• The downward trend in ALK's stock price could reflect market sentiment towards the airline industry's cybersecurity readiness and the potential implications of such incidents on operations and investor confidence.