Alaska Air Gr에 대한 매도 수량은 투자자에게 Alaska Air Gr의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Alaska Air Gr (NYSE:ALK) 주식, 공매도 수량 보고

Alaska Air Gr

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.

Alaska Air Group

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Movers

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유가 하락으로 인해 월요일 몇몇 항공사 주식이 상승세를 보였습니다. 가장 큰 움직임을 보이는 몇 가지를 살펴보겠다.

항공사 주식이 월요일 상승한 이유: 원유 가격 하락으로 인한 영향

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제트기 동체의 주요 공급업체인 스피릿 에어로시스템즈 홀딩스(NYSE:SPR)는 캔자스주 위치타 공장에서 직원을 400~450명 감원한다고 밝혔다. 이번 감원은 스피릿의 최대 고객인 보잉(NYSE:BA)의 생산 감소에 대한 대응이다.

스피릿 에어로시스템즈, 보잉의 생산 곤란과 연관하여 수백 명을 정리해고할 예정

Alaska Air Group Inc

Alkaid Acquisition Corp

ALKANE RES LTD ORD by Alkane Resources Ltd.

Alkane Resources Ltd

Alkaline Fuel Cell Power Corp

ALASKA HYDRO CORP ORD by Alaska Hydro Corp.

Alaska Hydro Corp

ALKAME HOLDINGS INC by Alkame Holdings, Inc.

Alkame Holdings Inc

Alkane Inc

Alkermes PLC

ALKERMES PLC ORD

Alkami Technology Inc

Guidance

Alaska Air Group Sees FY24 Adj. EPS $3.50-$4.50 Vs $4.38 Est.

Alaska Air Group Sees Q4 $0.20-$0.40 Vs $0.63 Est.

Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) reported quarterly earnings of $2.25 per share which beat the analyst consensus estimate of $2.17 by 3.69 percent. The company reported quarterly sales of $3.072 billion which beat the analyst consensus estimate of $2.986 billion by 2.89 percent. This is a 8.21 percent increase over sales of $2.839 billion the same period last year.

Earnings

Earnings Beats

Alaska Air Gr Q3 2024 Adj. EPS $2.25 Beats $2.17 Estimate, Sales $3.072B Beat $2.986B Estimate

Several airline stocks traded higher on Monday amid a drop in oil prices. Here&#8217;s a look at some of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices">biggest movers</a>.
<ul>
<li>American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>)</li>
</ul>
<ul>
<li>United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)</li>
</ul>
<ul>
<li>Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)</li>
</ul>
<ul>
<li>Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>)</li>
</ul>
<ul>
<li>Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>)</li>
</ul>
<ul>
<li>Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) </li>
</ul>
<ul>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) </li>
</ul>
<ul>
<li>Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>), </li>
</ul>
The Details: Crude oil prices saw their sharpest one-day drop since 2022 on Monday. Oil futures for West Texas Intermediate (WTI) fell by 6%, settling near $67 per barrel. This drop followed <a href="https://www.benzinga.com/news/24/10/41567809/oil-etfs-plunge-premarket-after-israels-strikes-on-iran">Israeli airstrikes in Iran</a> that focused on military targets and avoided oil infrastructure, reducing fears of immediate supply disruptions.
Oil markets had initially reacted to Middle East tensions earlier in the month, with concerns that strikes on Iranian oil facilities could disrupt supply. However, the limited scope of these recent airstrikes led analysts to expect oil prices to remain under pressure. 
Analysts noted that if OPEC+ proceeds with plans to increase supply while demand, particularly from China, continues to decrease, prices could trend lower into 2025.
China's oil demand has slowed since May, with structural changes in its energy sector and a higher share of new electric vehicle registrations contributing to reduced oil consumption.
Lower oil prices are generally bullish for airlines given that oil is one of the biggest expenses for airline companies. All of the aforementioned stocks gained between 1% and 4% on Monday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices">Crude Oil Faces Steepest One-Day Drop In Over Two Years, Energy Stocks Plunge: Prices &#8216;Are Likely To Remain Under Pressure,&#8217; Analyst Says</a></li>
</ul>
Image via Shutterstock.

Airline Stocks Climb As Oil Prices Drop: What's Going On?

WIIM

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SKYW

Shares of airline stocks are trading higher amid a drop in the price of oil, which can help decrease costs.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2143eaaa0001698f54/meta-marshall">Morgan Stanley analyst Meta Marshall</a> upgraded the rating for Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) from Equal-Weight to Overweight and raised the price target from $71 to $72. Nutanix shares closed at $61.59 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Macquarie analyst Eugene Hsiao upgraded NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) from Neutral to Outperform and announced a $6.6 price target. NIO shares closed at $5.26 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f71cb5efacff0001835807/elyse-greenspan">Wells Fargo analyst Elyse Greenspan </a>upgraded Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) from Underweight to Equal-Weight and raised the price target from $315 to $377. AON shares closed at $375.44 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Nigel Coe upgraded the rating for Dover Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) from Peer Perform to Outperform and announced a $227 price target. Dover shares closed at $186.98 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Melius Research analyst Conor Cunningham upgraded Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) from Hold to Buy and announced a $56 price target. Alaska Air shares closed at $45.54 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying NIO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28094222/image-278-1024x586.png" alt="" class="wp-image-617166" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28094222/image-278-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28094222/image-278-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28094222/image-278-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28094222/image-278.png 1086w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This Nio Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Melius Research analyst Conor Cunningham upgrades Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) from Hold to Buy and announces $56 price target.

Price Target

Melius Research Upgrades Alaska Air Gr to Buy, Announces $56 Price Target

The U.S. Justice Department's Antitrust Division and the Department of Transportation announced on Thursday they have opened a broad public inquiry into the state of competition in air travel on topics including previous airline mergers, aircraft manufacturing, airline ticket sales, <a href="https://www.benzinga.com/government/24/09/40745931/delta-southwest-and-other-airlines-in-hot-waters-with-us-transportation-department-for-unfair-reward">pricing and rewards practices</a>.
The Details: The agencies <a href="https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state">have issued</a> a Request for Information (RFI) and seek the public's input on anticompetitive conduct, consolidation and issues affecting the availability and affordability of air travel options.&nbsp;
"Competition in air travel is a vehicle for better quality, better fares and better choices for Americans," said Assistant Attorney General Jonathan Kanter of the Justice Department's Antitrust Division.
"With this inquiry, we hope to learn more from the businesses and travelers at the center of this essential industry. Their feedback will ensure the Justice Department can continue to build on its historic efforts to protect competition in air travel," Kanter added.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41546663/fridays-top-5-trending-stocks-whats-the-scoop-on-tesla-sofi-joby">Friday&#8217;s Top 5 Trending Stocks: What&#8217;s The Scoop On Tesla, SoFi, Joby?</a>
The U.S. Travel Association reacted to the DOJ's public inquiry into competition in air travel, which it sees as politically motivated.&nbsp;
"Today's announcement by the Departments of Transportation and Justice that they will launch ‘broad inquiries' into airline business practices is another in a long line of disappointing political stunts," the U.S. Travel Association said <a href="https://www.ustravel.org/press/us-travel-reacts-doj-dot-inquiry-air-travel-competition">in a statement</a>.
DOJ Cracks Down: Under the Biden administration, the DOJ has cracked down on industry consolidation and mergers and successfully blocked <a href="https://www.benzinga.com/news/24/03/37455281/jetblue-spirit-airlines-shares-are-moving-monday-whats-going-on">the merger</a> of JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) and Spirit Airlines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NASDAQ">SAVE</a>) earlier this year.  
Spirit Airlines continues to face financial trouble and a potential bankruptcy after the deal with JetBlue fell through. Earlier this week, it was reported the<a href="https://www.benzinga.com/m-a/24/10/41496171/whats-going-on-with-spirit-airlines-stock-wednesday"> airline had resumed</a> preliminary merger discussions with Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>). The potential merger of the two airlines would likely coincide with Spirit's restructuring of its debt and other liabilities in bankruptcy and could be affected by actions resulting from the DOJ's latest inquiry. 
Last month, the DOT launched an inquiry into whether the loyalty programs of the four largest U.S. airlines have engaged in unfair, deceptive or noncompetitive practices. Transportation Secretary Pete Buttigieg sent a letter to American Airlines, Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), United Airlines and Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) requesting records and reports related to the airlines&#8217; loyalty programs, practices and policies.
Federal agencies did allow a merger between Hawaiian Holdings, Inc. and Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) <a href="https://www.benzinga.com/government/24/08/40455513/alaska-airlines-hawaiian-airlines-1-9b-merger-gets-doj-green-light-awaits-transportation-department">to be completed</a> in September. However, the DOT required the companies to agree to a set of consumer protections before giving the deal the green light. 
Why It Matters: Other companies in the airline industry may be affected by the joint inquiry announced Thursday, including planemaker Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and parts supplier Spirit Aerosystems Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>). Investors can monitor the effects on the industry through airline-focused ETFs, including the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and the iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>). 
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/10/41551820/flying-taxis-are-almost-here-joby-archer-aviation-applaud-new-faa-regulations-for-evtol-aircraft">Flying Taxis Are Almost Here: Joby, Archer Aviation Applaud New FAA Regulations For eVTOL Aircraft</a></li>
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Image: Courtesy of&nbsp;United Airlines Holdings, Inc.

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JETS

DOJ, DOT Open Inquiry Into Airline Competition Amid Rising Concerns

Agencies Seek Information on Consolidation, Anticompetitive Conduct and a Wide Range of Issues Impacting the Availability and Affordability of Air Travel Options
The Justice Department&#39;s Antitrust Division and Department of Transportation (DOT) today jointly announced a broad public inquiry into the state of competition in air travel. The agencies are seeking public information on consolidation, anticompetitive conduct and a wide range of issues affecting the availability and affordability of air travel options. The topics covered in the agencies&#39; joint Request for Information (RFI) include previous airline mergers, exclusionary conduct, airport access, aircraft manufacturing, airline ticket sales, pricing and rewards practices and the experiences of aviation workers.
<a href="https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state" title="https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state">https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state</a>

Reported Earlier, 'Justice Department and Department of Transportation Launch Broad Public Inquiry into the State of Competition in Air Travel' - DOJ

In the latest quarter, 7 analysts provided ratings for Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Alaska Air Gr, presenting an average target of $51.43, a high estimate of $55.00, and a low estimate of $45.00. Observing a 1.5% increase, the current average has risen from the previous average price target of $50.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1729537264_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive Alaska Air Gr is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Duane Pfennigwerth</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$50.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Andrew Didora</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$52.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Stephen Trent</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$48.00</td>
<td>$51.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Alaska Air Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Alaska Air Gr compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Alaska Air Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Alaska Air Gr's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Alaska Air Gr analyst ratings.</a>
<h2>Unveiling the Story Behind Alaska Air Gr</h2>
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.
<h3>Financial Insights: Alaska Air Gr</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Alaska Air Gr showcased positive performance, achieving a revenue growth rate of 2.08% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.59%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Alaska Air Gr's ROE stands out, surpassing industry averages. With an impressive ROE of 5.36%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Alaska Air Gr's ROA excels beyond industry benchmarks, reaching 1.46%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.92.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Alaska Air Gr

A federal judge in Seattle upheld an arbitration order requiring Alaska Air Group, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) Alaska Airlines to rehire an aircraft maintenance technician who was fired after testing positive for <a href="http://benzinga.com/cannabis">cannabis</a> in July 2022.
The court's decision reflects the growing tension between state and federal laws, especially in states where marijuana use is legal.
<h3 class="wp-block-heading">Union Wins Reinstatement Via Arbitration</h3>
The technician, Gregory Chappell, was terminated following a random drug test that detected <a href="https://www.benzinga.com/topic/thc">THC</a> levels above the permissible limit. Chappell contested the results, <a href="https://www.benzinga.com/markets/cannabis/23/10/35380580/alaska-airlines-clashes-with-union-mechanics-positive-marijuana-test-sparks-legal-battle">suggesting inadvertent consumption of an infused edible at a local block party</a>. Despite his explanation, Alaska Airlines enforced its zero-tolerance drug policy without investigating his claims.
Chappell&#8217;s union, the Aircraft Mechanics Fraternal Association (AMFA), challenged the firing through arbitration and secured his reinstatement last year. Nevertheless, Alaska Airlines contested the arbitration panel&#8217;s decision, filing a lawsuit in federal court to reverse the reinstatement, citing safety concerns and questioning the credibility of Chappell&#8217;s defense.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Court Rejects Alaska Airlines&#8217; Appeal</h3>
However, U.S. District Judge John H. Chun affirmed the arbitration board's decision, stating that the board acted within its jurisdiction. He noted that Alaska Airlines provided "no authority suggesting that the board&#8217;s remedy was unfair."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41406637/top-5-cannabis-legalization-missteps-in-recent-u-s-history-a-selection">Top 5 Cannabis Legalization Missteps In Recent U.S. History: A Selection</a>
The judge also awarded the union attorneys' fees and costs, and remanded the issue of Chappell&#8217;s entitlement to back pay and benefits to the arbitration board, noting that the board did not account for the delay caused by the airline&#8217;s noncompliance.
<h3 class="wp-block-heading">Increased Cannabis Use Spurs Need For New Protections</h3>
Attorney Lee Seham, representing AMFA, welcomed the ruling, emphasizing the case as a reflection of the evolving legal landscape of cannabis. &#8220;Marijuana is everywhere. And it can be eaten at a potluck supper, innocently, and without physiological impact, and thereafter destroy a career,&#8221; Seham <a href="https://www.marijuanamoment.net/federal-court-upholds-order-requiring-alaska-airlines-to-rehire-worker-who-was-fired-over-positive-marijuana-test/">told</a> Marijuana Moment. He highlighted the need to protect individuals who may inadvertently consume cannabis in an era where it is more prevalent due to the advances in legalization.
Dr. Karlene Petitt, an aviation safety expert with a 42-year career of flying, commented in her recent blog <a href="https://karlenepetitt.blogspot.com/2024/10/alaska-mechanic-vinidcated.html">post</a>, stating, &#8220;This is a huge win for airline employees everywhere.&#8221; She criticized Alaska Airlines&#8217; handling of the situation and underscored the importance of honoring arbitration decisions.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">An <a href="https://twitter.com/AlaskaAir?ref_src=twsrc%5Etfw">@AlaskaAir</a> mechanic was terminated because someone laced his food with THC. He won his grievance. Alaska did not like the verdict. They took him to Federal Court. A year later the ruling is in! <a href="https://twitter.com/hashtag/Justice?src=hash&amp;ref_src=twsrc%5Etfw">#Justice</a> <a href="https://twitter.com/hashtag/mechanic?src=hash&amp;ref_src=twsrc%5Etfw">#mechanic</a> <a href="https://twitter.com/hashtag/Aviation?src=hash&amp;ref_src=twsrc%5Etfw">#Aviation</a> <a href="https://twitter.com/hashtag/Avgeeks?src=hash&amp;ref_src=twsrc%5Etfw">#Avgeeks</a> <a href="https://t.co/YIiM2BVYrZ">https://t.co/YIiM2BVYrZ</a> <a href="https://t.co/VyLONJvynb">pic.twitter.com/VyLONJvynb</a>
&mdash; Karlene Petitt (@KarlenePetitt) <a href="https://twitter.com/KarlenePetitt/status/1847315522343338422?ref_src=twsrc%5Etfw">October 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As cannabis legalization <a href="https://www.benzinga.com/markets/cannabis/24/10/41406637/top-5-cannabis-legalization-missteps-in-recent-u-s-history-a-selection">expands across states</a>, federally regulated industries like aviation face unique challenges in balancing safety concerns with <a href="https://www.benzinga.com/markets/cannabis/24/08/40484301/americans-view-cannabis-as-less-harmful-than-tobacco-or-alcohol-divided-over-impact-on-society-g">changing societal norms</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40611728/home-depot-to-end-marijuana-testing-limit-screening-for-most-employees-internal-memo-reveals">Home Depot To End Marijuana Testing, Limit Screening For Most Employees, Internal Memo Reveals</a></li>
</ul>

Cannabis

Regulations

Federal Court Orders Alaska Airlines To Rehire Mechanic Fired Over Cannabis

Alaska Air Group Says Revenue Trends Experienced Throughout The Third Quarter Are Continuing Into The Fourth Quarter, With Strong Advanced Booking Performance For Both The Alaska And Hawaiian Networks

Alaska Air Group Says Following Acquisition Of Hawaiian Holdings, Q3 Results Will Reflect Consolidated Financial And Operational Performance; Now Expects Q3 Combined Results To Be On The Better End Of Previously Guided EPS Range

Shares of airline stocks are trading higher in sympathy with United, which gained after reporting strong earnings and announcing a buyback.

Alaska Airlines Enhances Mileage Plan For 2025 With New Perks, Faster Elite Status Earning, And Expanded Options For Earning And Redeeming Miles; Single Loyalty Program Coming As Alaska And Hawaiian Airlines Merge

Shares of airline stocks are trading higher. The industry may be moving on continued strength after recent fears surrounding Hurricane Milton have curbed and fuel costs, which are a major expense for airlines, dropped in price.

The latest trading session saw Alaska Air Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) ending at $42.96, denoting a +0.37% adjustment from its last day&#39;s close. The stock&#39;s performance was ahead of the S&amp;P 500&#39;s daily loss of 0.21%. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw a decrease of 0.05%.
The airline&#39;s shares have seen an increase of 8.38% over the last month, surpassing the Transportation sector&#39;s gain of 2.88% and the S&amp;P 500&#39;s gain of 5.94%.
The investment community will be closely monitoring the performance of Alaska Air Group in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.20, marking a 20.22% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.99 billion, reflecting a 5.21% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.24 per share and a revenue of $10.75 billion, indicating changes of -6.4% and +3.15%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Alaska Air Group. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company&#39;s business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we&#39;ve crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.79% upward. Alaska Air Group is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Alaska Air Group has a Forward P/E ratio of 10.09 right now. This denotes a discount relative to the industry&#39;s average Forward P/E of 10.16.
Also, we should mention that ALK has a PEG ratio of 0.66. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company&#39;s expected earnings growth rate into account. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.82.
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 50, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
<a href="https://www.zacks.com/stock/news/2349097/alaska-air-group-alk-ascends-while-market-falls-some-facts-to-note?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v3-2349097">To read this article on Zacks.com click here.</a>

Mid Cap

Alaska Air Group Ascends While Market Falls: Some Facts to Note

Susquehanna analyst Christopher Danely maintains Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) with a Neutral and raises the price target from $40 to $45.

Susquehanna Maintains Neutral on Alaska Air Gr, Raises Price Target to $45

Ratings for Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $53.0, along with a high estimate of $70.00 and a low estimate of $41.00. A 2.63% drop is evident in the current average compared to the previous average price target of $54.43. 
<img src="https://www.benzinga.com/files/images/story/2024/1727960429_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Alaska Air Gr is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Duane Pfennigwerth</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$50.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Andrew Didora</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$52.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Stephen Trent</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$48.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Ravi Shanker</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$70.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Christopher Danely</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$41.00</td>
<td>$42.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Alaska Air Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Alaska Air Gr compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Alaska Air Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Alaska Air Gr's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ALK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Alaska Air Gr analyst ratings.</a>
<h2>Delving into Alaska Air Gr's Background</h2>
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.
<h3>Alaska Air Gr: A Financial Overview</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Alaska Air Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 2.08%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Alaska Air Gr's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.59% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Alaska Air Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.36%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Alaska Air Gr's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.46%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.92, Alaska Air Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 7 Analyst Recommendations For Alaska Air Gr

Evercore ISI Group analyst Duane Pfennigwerth maintains Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) with a Outperform and lowers the price target from $60 to $55.

Evercore ISI Group Maintains Outperform on Alaska Air Gr, Lowers Price Target to $55

Alaska-Hawaiian Airlines merger will create a 'formidable West Coast franchise' - analyst

Pre-earnings options volume in Alaska Air (ALK) is normal with calls leading puts 7:4. Implied volatility suggests the market is anticipating a mov...

Alaska Air options imply 1.9% move in share price post-earnings

The Justice Department's Antitrust Division and Department of Transportation jointly announced a broad public inquiry into the state of competition...

DOJ, DOT launch broad public inquiry into state of competition in air travel

Melius Research upgraded Alaska Air (ALK) to Buy from Hold with a $56 price target The firm says capacity rationalization from JetBlue and Southwes...

Alaska Air upgraded to Buy from Hold at Melius Research

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Boeing (BA) will offer 90M shares of c...

Boeing to offer 90M common shares, Philips reports mixed Q3: Morning Buzz

Alaska Air ( ($ALK) ) just unveiled an update. Alaska Air Group reported strong third-quarter results, showcasing a GAAP pretax margin of 10.7% and...

Alaska Air Shows Strong Q3 Results and Growth

Barclays analyst Brandon Oglenski maintained a Buy rating on Alaska Air (ALK – Research Report) today and set a price target of $55.00. The company...

Alaska Air (ALK) Receives a Buy from Barclays

In a report released today, Andrew Didora from Bank of America Securities maintained a Buy rating on Alaska Air (ALK – Research Report). The compan...

Alaska Air (ALK) Gets a Buy from Bank of America Securities

BofA raised the firm's price target on Alaska Air (ALK) to $60 from $55 and keeps a Buy rating on the shares. Q3 results included just over 10 days...

Alaska Air price target raised to $60 from $55 at BofA

In a report released today, Daniel Mckenzie from Seaport Global maintained a Buy rating on Alaska Air (ALK – Research Report), with a price target ...

Seaport Global Sticks to Their Buy Rating for Alaska Air (ALK)

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Contracts

Press Releases

Hawaiian Airlines Now Offering Fast and Free Starlink Wi-Fi Across Entire Airbus Fleet

Offerings

Alaska Air Group Announces Proposed Senior Secured Notes Offering

Alaska Airlines inaugurates service on five new routes

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Alaska Airlines unveils top Fall travel trends: Hawaiʻi and hidden gem destinations dominate

Alaska Airlines supercharges Mileage Plan for 2025 with enhanced benefits and choices including new ways to earn elite status faster than ever

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Hawaiian Airlines Welcomes Guests on an Exciting New Voyage with Walt Disney Animation Studios' "Moana 2"

Alaska Air Group reports third quarter 2024 results

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