Alaska Air Group Inc Stock Price, News & Analysis

Alaska Airlines has announced a partnership with STARLUX Airlines, launching inaugural transpacific flights between Taipei and Los Angeles. This collaboration enhances Alaska's connectivity with 16 destinations across Asia. Mileage Plan members can now earn miles on all STARLUX flights, with mile redemption starting this summer. The flights offer various cabin classes, including first, business, premium economy, and economy, with competitive pricing starting at 20,000 miles for economy class. STARLUX Airlines, launched in 2020, is recognized for its premium service and innovative cabin design. This strategic partnership aims to provide seamless travel experiences and convenient connections for passengers traveling between North America and Asia.

Alaska Air Group (NYSE: ALK) reported a net loss of $142 million for Q1 2023, a slight improvement from a $143 million loss in Q1 2022. Excluding special items, the adjusted net loss was $79 million, compared to $167 million a year prior. The company anticipates a double-digit adjusted pre-tax margin in Q2 2023, with full-year guidance sustained at 9% to 12%. Key operational achievements include a 6% productivity increase and a doubling of pilot training throughput. They resumed share repurchases, purchasing $18 million worth of shares, and hold $2.4 billion in cash. Alaska established new partnerships for sustainable aviation fuel and enhanced customer offerings with new flight routes and benefits.

Alaska Air Group Inc. (NYSE: ALK) will hold its quarterly conference call on April 20, 2023, at 11:30 a.m. EDT to discuss its first-quarter financial results for 2023. The call will be available via a public webcast, which can be accessed on the company's investor relations website. An archive of the call will also be made available later that day.

As the parent company of Alaska Airlines and Horizon Air, Alaska Air Group serves over 120 destinations across the United States and various international locations. The airline focuses on providing exceptional customer service and has a strong loyalty program, positioning itself as a member of the oneworld alliance, offering access to more than 900 destinations worldwide.

On April 4, 2023, Alaska Airlines announced a partnership with the Surfrider Foundation to protect coastal habitats and reduce plastic waste across the West Coast and Hawaiian Islands. This initiative aims to engage employees and local communities in beach cleanups and education on ocean hazards. Alaska Airlines has made strides in sustainability, notably eliminating over 2.2 million pounds of plastic waste annually. The collaboration will also extend efforts in ongoing cleanup projects and advocacy against single-use plastics. Surfrider's CEO praised Alaska Airlines for its commitment to sustainability, reflecting a shared vision for healthier coastal ecosystems.