Alaska Air (ALK)

• Market cap: $8.46B
• 1 day: -1.16%
• 5 days: -3.24%
• 1 month: 5.14%
• 3 months: 46.83%
• 6 months: 73.37%
• Year to date: 3.67%
• 1 year: 93.67%
• 5 years: 0.11%
• 10 years: 8.44%
• Sector: Industrials
• Industry: Air Transportation, Scheduled

About: Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.

Employees: 23,784

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

200% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 6 (+4) [Q3]

6% more capital invested

Capital invested by funds: $4.65B [Q2] → $4.93B (+$279M) [Q3]

6% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 63

1% less call options, than puts

Call options by funds: $115M | Put options by funds: $117M

1% less funds holding

Funds holding: 442 [Q2] → 437 (-5) [Q3]

4.1% less ownership

Funds ownership: 90.73% [Q2] → 86.63% (-4.1%) [Q3]

26% less repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 163

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $56 16% downside
• Avg. target: $78 17% upside
• High target: $90 35% upside

7 analyst ratings

• positive: 7 100%
• neutral: 0 0%
• negative: 0 0%

Goldman Sachs Catherine O'Brien 38% 1-year accuracy 3 / 8 met price target	19% upside $79	Buy Maintained	14 Jan 2025
UBS Thomas Wadewitz 43% 1-year accuracy 12 / 28 met price target	23% upside $82	Buy Maintained	7 Jan 2025
Citigroup Stephen Trent 76% 1-year accuracy 26 / 34 met price target	11% upside $74	Buy Maintained	16 Dec 2024
JP Morgan Jamie Baker 73% 1-year accuracy 8 / 11 met price target	28% upside $85	Overweight Maintained	11 Dec 2024
Morgan Stanley Ravi Shanker 52% 1-year accuracy 15 / 29 met price target	35% upside $90	Overweight Maintained	11 Dec 2024