ADVFN - Advanced Financial Network.
HOME» NYSE » A » ALK Stock Price » ALK Stock News

Alaska Air Share News

 Alaska Air Grp., Inc. Stock Price
ALK Stock Price
 Alaska Air Grp., Inc. Stock Chart
ALK Stock Chart
 Alaska Air Grp., Inc. Stock News
ALK Stock News
 Alaska Air Grp., Inc. Company Information
ALK Company Information
 Alaska Air Grp., Inc. Stock Trades
ALK Stock Trades

Alaska Air CEO Confident Of Keeping Hawaii Advantage

By Doug Cameron Of DOW JONES NEWSWIRES SEATTLE -(Dow Jones)- The head of Alaska Airlines said Wednesday that its fleet provides a competitive advantage in the increasingly competitive Hawaiian market. Flights to Hawaii from the U.S. west coast are a key focus of growth for the Seattle-based carrier next year, but low-cost rival Allegiant plans to launch services and other major airlines have also been expanding capacity. "The unique thing we do is due to the airplane," said Bill Ayer, chairman and CEO of Alaska Airlines Group Inc. (ALK). Alaska uses Boeing 737-800s, which allows it to direct more flights straight to resort destinations such as Maui. Rivals using larger planes funnel more passengers through Honolulu. The airline unit of Allegiant Travel Co. (ALGT) is targeting Hawaii with five Boeing 757s acquired earlier this year, but has yet to announce its flight plans. Ayer said Alaska also had an advantage through developing business from Bellingham airport north of Seattle, which is dominated by passengers driving across the border from Vancouver and other parts of British Colombia. "You look in the parking lot and they are overwhelmingly B.C. number plates," said Ayer in an interview. Alaska Air shares are up almost 50% so far this year, hitting an all-time high in August, and the company last week reported record quarterly earnings. Ayer said the airline had been disciplined in adding capacity, sorted out its cost base with new union deals and ironed out operational problems that once dogged its customer service. Alaska has more than a dozen marketing ties with other airlines and is seen as a logical takeover candidate for a carrier such as the American Airlines unit of AMR Corp. (AMR) looking to beef up its west coast presence. "It's not that we are totally opposed [to a deal]," said Ayer after a speech at an industry conference in Seattle. He said Alaska just preferred the prospects of continuing as an independent operator, mining its strong community links with the Pacific Northwest. Similarly, he prefers to remain outside the embrace of any of the global alliances in favor of the patchwork of code-share deals, which include pacts with American and Delta Air Lines Inc. (DAL). Like American, Alaska is distinguished in the U.S. industry by keeping the bulk of its regional flying in-house, rather than outsourcing to commuter carriers. Alaska bought the Horizon Air regional carrier in 1986, and recently rejigged its relationship to improve benchmarking against a shifting industry landscape. All of Horizon's services will from next year be run through a capacity purchase agreement with its parent--previously only half were accounted that way. These agreements have become the norm across the industry as major airlines outsource services, and Ayer said the new arrangement will help Horizon and Alaska stay competitive. He is not opposed to outsourcing--it already does with two commuter carriers in the state of Alaska--but believes the in-house model is best right now. -By Doug Cameron, 312-750-4135; doug.cameron@dowjones.com

Stock News for Alaska Air (ALK)
DateTimeHeadline
12/06/201613:52:00Current Report Filing (8-k)
12/06/201613:51:00Justice Department Clears Alaska Air Group's Acquisition of Virgin...
12/02/201608:00:00Alaska Air Group Reports November 2016 Operational Results
11/28/201613:20:00More U.S. Scheduled Flights to Havana on Tap
11/23/201612:00:00Alaska Airlines Foundation awards nearly $165,000 to nonprofits...
11/22/201608:00:00Cyber Monday: Alaska Airlines' biggest sale of the year kicks...
11/21/201608:00:00Alaska Airlines debuts new flights between San Diego and Newark...
11/16/201613:30:00Alaska Airlines partners with U.S. Marines to deliver Toys for...
11/16/201608:01:00Alaska Airlines announces nonstop service between San Diego and...
11/15/201608:00:00Alaska Airlines to use Advanced Technology to improve Sun Valley...
11/14/201615:07:00Forest-powered flight heads to Washington, D.C.
11/14/201606:03:10Current Report Filing (8-k)
11/10/201618:15:27Statement of Changes in Beneficial Ownership (4)
11/10/201614:30:00Alaska Airlines' New Premium Class section available for purchase...
11/10/201608:30:00Alaska Airlines to launch new flights from Bellingham, Washington...
11/10/201608:15:00Alaska Airlines inaugurates new flights between Portland, Oregon...
11/07/201616:36:42Statement of Changes in Beneficial Ownership (4)
11/02/201612:10:00U.S. Airlines Expect Slight Rise in Thanksgiving Air Travel
11/02/201608:15:00Alaska Air Group reports October 2016 operational results
11/02/201606:02:34Quarterly Report (10-q)

Alaska Air and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US