Alaska Air Group Inc Stock Price, News & Analysis

Alaska Airlines has launched a "California, on us" promotion for new Mileage Plan members residing in California, running from March 1 to March 3, 2021. The first 25,000 who enroll will receive a discount code for a flight within California at just the taxes and fees (starting from $15 each way). Additionally, a 30% discount on flights to or from California is available for bookings made by March 3, 2021, for travel between March 22 and May 26, 2021. The airline emphasizes safety protocols amidst COVID-19, including mandatory masks and enhanced cleaning measures.

Alaska Airlines introduces VeriFLY, a mobile app for international travelers to streamline COVID-19 documentation starting Feb. 5, 2021. The app simplifies the verification process for entry into the U.S. following the CDC's requirement for proof of a negative COVID test taken within three days of departure. While using VeriFLY is optional, it aids travelers in managing their health documentation efficiently. The app supports one traveler per device and requires internet access for verification. Alaska Airlines plans to explore its use in other markets.

Alaska Air Group reported significant losses for Q4 2020 and the full year, with a GAAP net loss of $430 million ($3.47 per share) in Q4 and $1.3 billion ($10.59 per share) for the year. Adjusted net losses were $316 million ($2.55 per share) in Q4 and $1.3 billion ($10.17 per share) for 2020, contrasting sharply with net incomes in 2019. The company accessed $5 billion in liquidity and received a $533 million payroll support extension. Plans to restructure aircraft purchases and expand its fleet were also announced, alongside the launch of new routes and safety initiatives.

Alaska Airlines has received its first Boeing 737-9 MAX aircraft, initiating a fleet modernization effort. The delivery took place on January 24, 2021, with the aircraft set to enter passenger service on March 1, 2021, operating routes from Seattle to San Diego and Los Angeles. Subsequent deliveries will follow, totaling 68 planes over four years. The airline emphasizes enhanced training for pilots and technicians, alongside a commitment to sustainable aviation fuel.

Alaska Air Group has appointed Daniel Elwell to its board of directors, effective immediately. Elwell, a former Deputy and Acting Administrator of the FAA, will also join Alaska Airlines and Horizon Air's boards. His extensive background includes overseeing FAA's multibillion-dollar NextGen air traffic control modernization program, which enhances aviation safety. This appointment increases the number of independent directors to 12 out of 14 total board members. Brad Tilden, Chair and CEO, expressed enthusiasm for Elwell's expertise, especially amid challenges in the aviation industry.

Alaska Airlines announced the launch of two new daily nonstop routes from Southern California to Austin and New York JFK. Service between Los Angeles and Austin starts on March 18, 2021, expanding to three daily flights by May 20, 2021. The San Diego to New York JFK route will commence on April 4, 2021. Alaska Airlines aims to enhance connectivity from its Southern California hubs while preparing for its entry into the oneworld alliance on March 31, 2021, offering more options for travelers.

Alaska Air Group will announce its 2020 fourth quarter financial results on January 26, 2021, with a conference call scheduled for 8:30 a.m. PST. The airline serves over 115 destinations in the U.S. and North America, focusing on both passenger and cargo transport while maintaining Next-Level Care. Known for low fares and excellent customer service, Alaska is set to join the oneworld global alliance on March 31, 2021. More details can be accessed via their investor page.

On Dec. 29, 2020, Alaska Airlines announced it will stop accepting emotional support animals on flights starting Jan. 11, 2021. Under the new guidelines by the U.S. DOT, only trained service dogs will be transported. This change aims to reduce in-flight disturbances and reflects feedback from the airline industry and disability advocates. Guests can bring a maximum of two service dogs, including psychiatric service dogs, by completing a required DOT form. Emotional support animals will still be accepted for flights booked before Jan. 11 until Feb. 28, 2021.

On December 22, 2020, Alaska Airlines announced a restructured agreement with Boeing for a total of 68 Boeing 737-9 MAX aircraft, including options for an additional 52 planes. Deliveries are scheduled from 2021 to 2024, primarily replacing the Airbus fleet and allowing for a more efficient, profitable, and environmentally-friendly operation. The agreement provides flexibility in delivery scheduling as the airline recovers from the pandemic and aims for long-term growth. This strategic move is expected to enhance Alaska Airlines' competitiveness and job support in the Pacific Northwest.