ALK Stock Recent News

Alaska Air (ALK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Alaska Air (NYSE: ALK) recently reported its Q1 results, with top line and bottom line exceeding the street estimates. The company reported revenue of $2.23 billion and an adjusted loss per share of $0.92, compared to the consensus estimates of $2.18 billion in sales and loss per share of $1.09.

Alaska Airlines CEO Ben Minicucci joins 'The Exchange' to discuss their latest quarter, what's next for the airlines, and more.

Alaska Air's (ALK) first-quarter 2024 revenues benefit from contributions from passenger revenues.

Alaska Air Group (NYSE:ALK) has forecast better-than-expected profits for the second quarter, sending shares of the airline more than 6% higher. It expects to report earnings per share (EPS) in the range of $2.20 to $2.40 for the quarter ending in June, above Wall Street expectations of $2.17.

Shares of Alaska Air Group (ALK) took off in intraday trading Thursday after the airline posted better-than-expected results and guidance as travel demand boomed, helping to offset the effects of a January flight emergency.

While the top- and bottom-line numbers for Alaska Air (ALK) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Alaska Air Group (ALK) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $1.09. This compares to loss of $0.62 per share a year ago.

Alaska Air's start to the year has been far from smooth but the turbulence may be easing.

Alaska Air Group's stock rose 1.6% early Thursday, after the regional airline posted a narrower-than-expected first-quarter loss and revenue that beat analyst estimates.