Alaska Air Group Inc
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Industrials : Airlines | Mid Cap Value
Company profile

Alaska Air Group, Inc. is the holding company of Alaska Airlines (Alaska), Virgin America Inc., Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska's and Virgin America's scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba. Its Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the United States under capacity purchased arrangements (CPAs). Its Horizon segment includes the capacity sold to Alaska under CPA. Alaska and Virgin America operate fleets of narrowbody passenger jets. As of December 31, 2016, it maintained two frequent flyer plans: the Alaska Airlines Mileage Plan and the Virgin America Elevate.

Closing Price
$40.59
Day's Change
0.90 (2.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
41.32
Day's Low
38.90
Volume
(Above Average)
Volume:
2,675,840

10-day average volume:
2,278,915
2,675,840

Airline stocks in broad rally as travel demand reaches 5-month high

9:41 am ET August 10, 2020 (MarketWatch)
Print

Shares of air carriers were broadly higher Monday, after data showing that travel demand reached over the weekend the highest level seen since mid-March. The U.S. Global Jets ETF (JETS) rallied 1.4% in morning trading, with all of its U.S.-listed components gaining ground. Among the more-active components, shares of American Airlines Group Inc. (AAL) surged 2.5%, United Airlines Holdings Inc. (UAL) advanded 2.1%, Delta Air Lines Inc. (DAL) rallied 0.9%, Southwest Airlines Co. (LUV) tacked on 0.9% and JetBlue Airways Corp. (JBLU) climbed 1.6%. Data from the U.S. Transportation Security Administration showed that travelers going through TSA checkpoints rose to 831,789 on Sunday, up from 799,861 the week before, and the most since the March 17 total of 953,699. The total was still down 68.6% from a year ago, but that's an improvement from a decline of 70.3% a week ago. At the worst level, only 87,534 travels went through TSA checkpoints on April 14, which was down 96.0% from a year ago. The Jets ETF has run up 24.1% over the past three months, while the S&P 500 has gained 14.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 10, 2020 09:41 ET (13:41 GMT)

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