Alaska Airlines Stock (ALK)
Mar 29, 2020, 10:23 am
#31
Join Date: Mar 2005
Location: PDX
Programs: AS MVP Gold 100K
Posts: 2,989
Mar 29, 2020, 12:23 pm
#32
Join Date: Sep 2008
Posts: 7,875
They are the sole commercial aviation builder left in the US. It's not simply about their bigness. Even if they aren't going to be building new aircraft for awhile, they will need to be around to provide support for the ones that are still flying. And then there's the whole military angle. It's not really a matter of who is in charge as the loss of Boeing would be a huge strategic loss for US and it's hard to imagine any administration letting that happen.
Mar 29, 2020, 6:20 pm
#33
Join Date: Oct 2010
Location: San Diego, Ca
Programs: AA 2MM LT PLT; AS MVP Gold75k; HHonors Diamond; IHG PLT
Posts: 3,502
Apr 1, 2020, 12:28 pm
#35
Join Date: Mar 2017
Location: British Columbia
Programs: AS MVPG100K, Marriott Marriott Titanium Elite, Hilton Gold
Posts: 7,263
Apr 7, 2020, 10:27 am
#36
Join Date: Aug 2005
Location: North of 90° S
Programs: B6 Mosaic, WN A-List
Posts: 565
Apr 7, 2020, 11:39 am
#37
Join Date: Mar 2017
Location: British Columbia
Programs: AS MVPG100K, Marriott Marriott Titanium Elite, Hilton Gold
Posts: 7,263
Apr 7, 2020, 2:17 pm
#39
Join Date: Mar 2017
Location: British Columbia
Programs: AS MVPG100K, Marriott Marriott Titanium Elite, Hilton Gold
Posts: 7,263
No s**t! 
I am too. 19 days self-isolating & social distancing in PHX to 14 days manditory self-quarentine in YLW. 10 to go! Those 19 days were supposed to be FLL (off a Partner award redemption), MIA, SJU and a week long Southern Caribbean cruise to the Dutch Antilles returning to ORD. To think that I flew 56K miles in January and now I am "grounded" for Flying for Fun.... lol
I am too. 19 days self-isolating & social distancing in PHX to 14 days manditory self-quarentine in YLW. 10 to go! Those 19 days were supposed to be FLL (off a Partner award redemption), MIA, SJU and a week long Southern Caribbean cruise to the Dutch Antilles returning to ORD. To think that I flew 56K miles in January and now I am "grounded" for Flying for Fun.... lol
Apr 11, 2020, 10:57 pm
#41
Join Date: Nov 2005
Location: Portland, OR
Programs: Alaska Gold 100k
Posts: 959
No s**t! I am too. 19 days self-isolating & social distancing in PHX to 14 days manditory self-quarentine in YLW. 10 to go! Those 19 days were supposed to be FLL (off a Partner award redemption), MIA, SJU and a week long Southern Caribbean cruise to the Dutch Antilles returning to ORD. To think that I flew 56K miles in January and now I am "grounded" for Flying for Fun.... lol
I am too. 19 days self-isolating & social distancing in PHX to 14 days manditory self-quarentine in YLW. 10 to go! Those 19 days were supposed to be FLL (off a Partner award redemption), MIA, SJU and a week long Southern Caribbean cruise to the Dutch Antilles returning to ORD. To think that I flew 56K miles in January and now I am "grounded" for Flying for Fun.... lol
Apr 12, 2020, 12:58 am
#42
Join Date: Mar 2017
Location: British Columbia
Programs: AS MVPG100K, Marriott Marriott Titanium Elite, Hilton Gold
Posts: 7,263
. It’s interesting in some TPG posts most airlines are really not expecting any swing towards travel again until September / October. James, you were kind enough much earlier this year to help me book 2 first class seats on Emirates via Dubai. Now the thought of spending 17 hours with 600 others is a little scary.
James
Apr 28, 2020, 11:48 pm
#43
A FlyerTalk Posting Legend, Moderator, Information Desk, Ambassador, Alaska Airlines
Join Date: Dec 2006
Location: FAI
Programs: AS MVP Gold100K, AS 1MM, Maika`i Card, AGR, HH Gold, Hertz PC, Marriott Titanium LTG, CO, 7H, BA, 8E
Posts: 42,953
Found a new way to acquire ALK:
https://bumped.com/
Here's a review:
https://clark.com/personal-finance-c...ed-app-review/
Apparently one can obtain .05% of purchased AS flights back as ALK? Anyone try this?
(I understand it works for other businesses, but am curious about Alaska as I spend a fair bit with them, and this is the AS forum after all
)
https://bumped.com/
Here's a review:
https://clark.com/personal-finance-c...ed-app-review/
Apparently one can obtain .05% of purchased AS flights back as ALK? Anyone try this?
(I understand it works for other businesses, but am curious about Alaska as I spend a fair bit with them, and this is the AS forum after all
)
Jun 8, 2020, 11:36 am
#44
Join Date: Apr 2017
Programs: AS 100k, DL PM, New Sagaya
Posts: 1,291
ALK is having a hot day - optimism around new travel numbers and analyst reports (see below). Also note the AA pessimism ($5 target, trading now at $20).
Airline Stocks Are Soaring Again. Alaska Air Is a Buy, Analyst Says. -- Barrons.com
11:58 AM ET 6/8/20 | Dow Jones
By Daren Fonda
Airline stocks continued to surge on Monday as analysts grew slightly more positive on the group.
Bank of America analyst Andrew Didora raised his price targets across much of the sector. He upgraded the shares of Alaska Air Group (ticker: ALK) to a Buy and bumped JetBlue Airways (JBLU) to a Neutral rating.
Alaska is "an exceptionally well-run airline," he wrote, "with strong free cash flow generation and an improving balance sheet." The airline is returning to its "low-cost roots with solid cost controls, which should help the company in a recovery," he added. Didora has a $53 price target on the stock, up from his previous estimate of $36. Shares traded around $46, up 10% in trading on Monday.
JetBlue looks well-positioned because of its focus on leisure travel and improving liquidity position, Didora said. The hitch with the airline (and stock) is that JetBlue operates in highly competitive markets such as New York, Boston, and Florida, where fare prices are likely to stay under pressure because of intense competition for leisure travelers. Didora has a $15 price target on JetBlue, up only slightly from recent prices around $14.35.
Airline stocks continued to rally overall, with the NYSE Arca Airline Index up 7%. Among the biggest winners were Alaska, United Airlines Holdings (UAL), up 9%, and JetBlue, up 7%.
One airline that didn't get a bump in Didora's framework was American Airlines Group (AAL). He maintained a $5 target and Underperform rating on the stock. American's stock traded around $20 on Monday, up 6.5%.
The stock has surged since June 4, gaining more than 55%, since American announced an expanded summer flight schedule. It has also been heavily shorted and appears to be rising on a continued short-squeeze (as investors who were short cover their positions by buying shares).
Didora is one of several analysts who isn't buying into the rally, however. The stock's target multiple is already in line with its long-term average, he noted, and he views the airline's leverage and balance sheet as a continuing cause for concern.
Nonetheless, investors appear increasingly bullish on the sector overall. Data from U.S. security checkpoints show a steady increase in domestic air travel, rising about 1.5 percentage points a week. Didora expects industrywide revenue to recover from a 90% decline early on in the crisis to a 55% decline in the second half of 2020, compared with 2019 figures.
Leisure travel is now leading the recovery, but the big gains in revenue may still be a way off. Corporate and international travel remain highly depressed and aren't likely to recover until well into the second half of the year.
That is a problem for most airlines, since corporate travel accounts for 60% of the industry's revenue, on average. Carriers such as Spirit Airlines (SAVE) and Allegiant Travel (ALGT) derive almost all of their revenue from leisure, but the percentages are closer to 50/50 for the full-service legacy carriers United, Delta Air Lines (DAL), and American.
"There are still no signs of international or corporate demand recovery, consistent with our expectations," Raymond James Savanthi Sythi wrote in a note published over the weekend. She doesn't expect business travel to show meaningful gains until September at the earliest.
Analysts do see some encouraging signs, though. J.P. Morgan's Jamie Baker noted that while "business travel remains largely grounded," the introduction of "fast entry'" lanes and a gradual easing of international travel restrictions could "lend some support" to a recovery. Countries like China, Singapore, and South Korea, are establishing fast-entry lanes and easing up on quarantine requirements, for instance.
If the coronavirus doesn't make a comeback, additional countries are likely to ease their controls, too. Companies may then start approving more travel, though the great debate is how much and how fast it will get back to the halcyon days.
Write to Daren Fonda at [email protected]
Airline Stocks Are Soaring Again. Alaska Air Is a Buy, Analyst Says. -- Barrons.com
11:58 AM ET 6/8/20 | Dow Jones
By Daren Fonda
Airline stocks continued to surge on Monday as analysts grew slightly more positive on the group.
Bank of America analyst Andrew Didora raised his price targets across much of the sector. He upgraded the shares of Alaska Air Group (ticker: ALK) to a Buy and bumped JetBlue Airways (JBLU) to a Neutral rating.
Alaska is "an exceptionally well-run airline," he wrote, "with strong free cash flow generation and an improving balance sheet." The airline is returning to its "low-cost roots with solid cost controls, which should help the company in a recovery," he added. Didora has a $53 price target on the stock, up from his previous estimate of $36. Shares traded around $46, up 10% in trading on Monday.
JetBlue looks well-positioned because of its focus on leisure travel and improving liquidity position, Didora said. The hitch with the airline (and stock) is that JetBlue operates in highly competitive markets such as New York, Boston, and Florida, where fare prices are likely to stay under pressure because of intense competition for leisure travelers. Didora has a $15 price target on JetBlue, up only slightly from recent prices around $14.35.
Airline stocks continued to rally overall, with the NYSE Arca Airline Index up 7%. Among the biggest winners were Alaska, United Airlines Holdings (UAL), up 9%, and JetBlue, up 7%.
One airline that didn't get a bump in Didora's framework was American Airlines Group (AAL). He maintained a $5 target and Underperform rating on the stock. American's stock traded around $20 on Monday, up 6.5%.
The stock has surged since June 4, gaining more than 55%, since American announced an expanded summer flight schedule. It has also been heavily shorted and appears to be rising on a continued short-squeeze (as investors who were short cover their positions by buying shares).
Didora is one of several analysts who isn't buying into the rally, however. The stock's target multiple is already in line with its long-term average, he noted, and he views the airline's leverage and balance sheet as a continuing cause for concern.
Nonetheless, investors appear increasingly bullish on the sector overall. Data from U.S. security checkpoints show a steady increase in domestic air travel, rising about 1.5 percentage points a week. Didora expects industrywide revenue to recover from a 90% decline early on in the crisis to a 55% decline in the second half of 2020, compared with 2019 figures.
Leisure travel is now leading the recovery, but the big gains in revenue may still be a way off. Corporate and international travel remain highly depressed and aren't likely to recover until well into the second half of the year.
That is a problem for most airlines, since corporate travel accounts for 60% of the industry's revenue, on average. Carriers such as Spirit Airlines (SAVE) and Allegiant Travel (ALGT) derive almost all of their revenue from leisure, but the percentages are closer to 50/50 for the full-service legacy carriers United, Delta Air Lines (DAL), and American.
"There are still no signs of international or corporate demand recovery, consistent with our expectations," Raymond James Savanthi Sythi wrote in a note published over the weekend. She doesn't expect business travel to show meaningful gains until September at the earliest.
Analysts do see some encouraging signs, though. J.P. Morgan's Jamie Baker noted that while "business travel remains largely grounded," the introduction of "fast entry'" lanes and a gradual easing of international travel restrictions could "lend some support" to a recovery. Countries like China, Singapore, and South Korea, are establishing fast-entry lanes and easing up on quarantine requirements, for instance.
If the coronavirus doesn't make a comeback, additional countries are likely to ease their controls, too. Companies may then start approving more travel, though the great debate is how much and how fast it will get back to the halcyon days.
Write to Daren Fonda at [email protected]
Jul 24, 2020, 11:50 am
#45
Original Poster
Join Date: Dec 2018
Programs: Alaska MVP Gold 7K, MARRIOTT PLAT PREMIER WITH AMBASSADOR
Posts: 164
ALK is having a hot day - optimism around new travel numbers and analyst reports (see below). Also note the AA pessimism ($5 target, trading now at $20).
Airline Stocks Are Soaring Again. Alaska Air Is a Buy, Analyst Says. -- Barrons.com
11:58 AM ET 6/8/20 | Dow Jones
By Daren Fonda
Airline stocks continued to surge on Monday as analysts grew slightly more positive on the group.
Bank of America analyst Andrew Didora raised his price targets across much of the sector. He upgraded the shares of Alaska Air Group (ticker: ALK) to a Buy and bumped JetBlue Airways (JBLU) to a Neutral rating.
Alaska is "an exceptionally well-run airline," he wrote, "with strong free cash flow generation and an improving balance sheet." The airline is returning to its "low-cost roots with solid cost controls, which should help the company in a recovery," he added. Didora has a $53 price target on the stock, up from his previous estimate of $36. Shares traded around $46, up 10% in trading on Monday.
JetBlue looks well-positioned because of its focus on leisure travel and improving liquidity position, Didora said. The hitch with the airline (and stock) is that JetBlue operates in highly competitive markets such as New York, Boston, and Florida, where fare prices are likely to stay under pressure because of intense competition for leisure travelers. Didora has a $15 price target on JetBlue, up only slightly from recent prices around $14.35.
Airline stocks continued to rally overall, with the NYSE Arca Airline Index up 7%. Among the biggest winners were Alaska, United Airlines Holdings (UAL), up 9%, and JetBlue, up 7%.
One airline that didn't get a bump in Didora's framework was American Airlines Group (AAL). He maintained a $5 target and Underperform rating on the stock. American's stock traded around $20 on Monday, up 6.5%.
The stock has surged since June 4, gaining more than 55%, since American announced an expanded summer flight schedule. It has also been heavily shorted and appears to be rising on a continued short-squeeze (as investors who were short cover their positions by buying shares).
Didora is one of several analysts who isn't buying into the rally, however. The stock's target multiple is already in line with its long-term average, he noted, and he views the airline's leverage and balance sheet as a continuing cause for concern.
Nonetheless, investors appear increasingly bullish on the sector overall. Data from U.S. security checkpoints show a steady increase in domestic air travel, rising about 1.5 percentage points a week. Didora expects industrywide revenue to recover from a 90% decline early on in the crisis to a 55% decline in the second half of 2020, compared with 2019 figures.
Leisure travel is now leading the recovery, but the big gains in revenue may still be a way off. Corporate and international travel remain highly depressed and aren't likely to recover until well into the second half of the year.
That is a problem for most airlines, since corporate travel accounts for 60% of the industry's revenue, on average. Carriers such as Spirit Airlines (SAVE) and Allegiant Travel (ALGT) derive almost all of their revenue from leisure, but the percentages are closer to 50/50 for the full-service legacy carriers United, Delta Air Lines (DAL), and American.
"There are still no signs of international or corporate demand recovery, consistent with our expectations," Raymond James Savanthi Sythi wrote in a note published over the weekend. She doesn't expect business travel to show meaningful gains until September at the earliest.
Analysts do see some encouraging signs, though. J.P. Morgan's Jamie Baker noted that while "business travel remains largely grounded," the introduction of "fast entry'" lanes and a gradual easing of international travel restrictions could "lend some support" to a recovery. Countries like China, Singapore, and South Korea, are establishing fast-entry lanes and easing up on quarantine requirements, for instance.
If the coronavirus doesn't make a comeback, additional countries are likely to ease their controls, too. Companies may then start approving more travel, though the great debate is how much and how fast it will get back to the halcyon days.
Write to Daren Fonda at [email protected]
Airline Stocks Are Soaring Again. Alaska Air Is a Buy, Analyst Says. -- Barrons.com
11:58 AM ET 6/8/20 | Dow Jones
By Daren Fonda
Airline stocks continued to surge on Monday as analysts grew slightly more positive on the group.
Bank of America analyst Andrew Didora raised his price targets across much of the sector. He upgraded the shares of Alaska Air Group (ticker: ALK) to a Buy and bumped JetBlue Airways (JBLU) to a Neutral rating.
Alaska is "an exceptionally well-run airline," he wrote, "with strong free cash flow generation and an improving balance sheet." The airline is returning to its "low-cost roots with solid cost controls, which should help the company in a recovery," he added. Didora has a $53 price target on the stock, up from his previous estimate of $36. Shares traded around $46, up 10% in trading on Monday.
JetBlue looks well-positioned because of its focus on leisure travel and improving liquidity position, Didora said. The hitch with the airline (and stock) is that JetBlue operates in highly competitive markets such as New York, Boston, and Florida, where fare prices are likely to stay under pressure because of intense competition for leisure travelers. Didora has a $15 price target on JetBlue, up only slightly from recent prices around $14.35.
Airline stocks continued to rally overall, with the NYSE Arca Airline Index up 7%. Among the biggest winners were Alaska, United Airlines Holdings (UAL), up 9%, and JetBlue, up 7%.
One airline that didn't get a bump in Didora's framework was American Airlines Group (AAL). He maintained a $5 target and Underperform rating on the stock. American's stock traded around $20 on Monday, up 6.5%.
The stock has surged since June 4, gaining more than 55%, since American announced an expanded summer flight schedule. It has also been heavily shorted and appears to be rising on a continued short-squeeze (as investors who were short cover their positions by buying shares).
Didora is one of several analysts who isn't buying into the rally, however. The stock's target multiple is already in line with its long-term average, he noted, and he views the airline's leverage and balance sheet as a continuing cause for concern.
Nonetheless, investors appear increasingly bullish on the sector overall. Data from U.S. security checkpoints show a steady increase in domestic air travel, rising about 1.5 percentage points a week. Didora expects industrywide revenue to recover from a 90% decline early on in the crisis to a 55% decline in the second half of 2020, compared with 2019 figures.
Leisure travel is now leading the recovery, but the big gains in revenue may still be a way off. Corporate and international travel remain highly depressed and aren't likely to recover until well into the second half of the year.
That is a problem for most airlines, since corporate travel accounts for 60% of the industry's revenue, on average. Carriers such as Spirit Airlines (SAVE) and Allegiant Travel (ALGT) derive almost all of their revenue from leisure, but the percentages are closer to 50/50 for the full-service legacy carriers United, Delta Air Lines (DAL), and American.
"There are still no signs of international or corporate demand recovery, consistent with our expectations," Raymond James Savanthi Sythi wrote in a note published over the weekend. She doesn't expect business travel to show meaningful gains until September at the earliest.
Analysts do see some encouraging signs, though. J.P. Morgan's Jamie Baker noted that while "business travel remains largely grounded," the introduction of "fast entry'" lanes and a gradual easing of international travel restrictions could "lend some support" to a recovery. Countries like China, Singapore, and South Korea, are establishing fast-entry lanes and easing up on quarantine requirements, for instance.
If the coronavirus doesn't make a comeback, additional countries are likely to ease their controls, too. Companies may then start approving more travel, though the great debate is how much and how fast it will get back to the halcyon days.
Write to Daren Fonda at [email protected]