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Alaskaairgroup

Alaska Air Group: Double BottomOverview Alaska Airlines is a subsidiary for Alaska Air Group. If you aren't familiar with the verbiage, this means that Alaska Air Group ( NYSE:ALK ) is the umbrella company that owns Alaska Airlines. In light of the Boeing ( NYSE:BA ) mishap that occurred yesterday in Oregon and in addition to the current trend on ALK's 1D chart, I believe ALK will correct to $30-31. Technical Analysis According to the 1D chart, ALK has been on the trajectory of a double bottom since July 2023. The last dip in the double bottom formation rests around $30-31 which I believe will approach sooner than expected due to ALK's grounding of an entire fleet of Boeing 737 MAX-9s. As long as nothing else negative comes to light, I believe ALK will begin its rise to $57 sometime after arriving around the second dip of the double bottom. Market Psychology Speculations I believe Boeing will catch most of the negative press but that doesn't mean Alaska Air Group is off the hook. Because ALK's subsidiary has also been in the headlines, I think the double bottom is going to accelerate. Alaska Airlines has received bad press twice in the last 12 months for narrowly avoiding aircraft-related catastrophes; the first concerning an off-duty pilot that attempted to cut off the engines mid-flight. All that said, after the initial dust has settled, I believe the markets will forgive ALK and a potential recovery will begin. Kudos should be given for having the proper procedures in place that helped return both aircrafts back to the ground safely without incident. The next major factor that needs to be considered is how the grounding of an entire fleet will affect their balance sheets for the upcoming Q4 Earnings Call. Fundamental Analysis I will perform a fundamental analysis within the next few days. Due to market reactivity I don't believe a healthy balance sheet will cushion the share price until after the Q4 Earnings Release.
NYSE:ALK
by Shepherd_Investor
Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion Key Takeaway 1. Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion. 2. The combined company would be based in Seattle, where Alaska Airlines is headquartered, and led by its CEO, Ben Minicucci. 3. The airlines said they will aim to combine their resources while “maintaining” each of their respective brand identities. Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years. Alaska would pay $18 a share for Hawaiian and would take on $900 million of its debt, the companies said Sunday. Shares of Hawaiian Airlines closed on Friday at $4.86, giving the company a market cap of about $250 million. They’re down nearly 53% this year. The airline has struggled with challenges including the Maui wildfires, increased competition from Southwest, which has ramped up service in Hawaii in recent years, and a lagging recovery of travel to and from Asia after the pandemic. Hawaiian has posted net losses in all but one quarter since the start of 2020, while Alaska and other carriers have returned to more solid financial footing as the pandemic waned. “What we saw here was a unique opportunity in time at the valuation that we saw Hawaiian at,” said Shane Tackett, Alaska Airlines’ CFO, in an interview. He said the deal would also enable the combined companies to become a “market leader” in the premium-travel Hawaii market. Carriers have faced strong opposition from President Joe Biden’s Justice Department in their efforts to combine to better compete with larger rivals. Earlier this year, the DOJ won a lawsuit to break up a regional partnership in the Northeast between JetBlue Airways and American Airlines The Justice Departments also sued to block JetBlue Airways proposed acquisition of discount carrier Spirit Airlines. A trial is expected to wrap up in the coming days. Four airlines — American, United Delta, and Southwest — control about 80% of the U.S. market. Hawaiian and Alaska said they expect the transaction to close in 12 to 18 months, subject to approval by regulators and Hawaiian’s shareholders. The Hawaiian deal is a major shift for Alaska. It operates Boeing 737s and it spent years whittling down Virgin’s fleet of Airbus planes to streamline its fleet. Purchasing Hawaiian would bring a complex mix of Boeing and Airbus jets, both narrow-body and wide-body planes, under Alaska’s roof. “The Hawaiian brand will remain an important part of our home state with Honolulu becoming a strategic hub for the combined company and expanded service for Hawaii residents,” Hawaiian CEO Peter Ingram said on the call Sunday. The combination will allow Alaska Airlines to triple nonstop or one-stop flights from the Hawaiian islands to destinations throughout North America. It will also bring Hawaiian’s long-haul flying to and from Asia under Alaska’s umbrella. Hawaiian last year struck a deal to fly converted-cargo planes for Amazon. Alaska Airlines said the deal should bolster earnings within the next two years with at least $235 million of “run-rate synergies.”
NYSE:ALKLong
by DEXWireNews
If we don't crash, this ticker has potential last leg up . ***Based on analysts offering 12 month price targets for ALK in the last 3 months. The average price target is $62.57 with a high estimate of $74 and a low estimate of $54 Analyst Firms Making Recommendations B OF A GLBL RES COWEN & COMPANY DEUTSCHE BK SEC JP MORGAN SECUR MORGAN STANLEY RAYMOND JAMES SEAPORT GLOBAL STIFEL NICOLAUS Selling over 1000% than buying !!!! ***Insider Ownership Percentage: 0.47% Insider Buying (Last 12 Months): $70,357.93 Insider Selling (Last 12 Months): $948,422.63 Short volume is going down !!! ***Current Short Volume: 3,230,000 shares Previous Short Volume: 5,510,000 shares Change Vs. Previous Month: -41.38% Dollar Volume Sold Short: $163.66 million Short Interest Ratio / Days to Cover: 2.0 Last Record Date: January, 15 2021 Outstanding Shares: 123,340,000 shares Float Size: 123,070,000 shares Short Percent of Float: 2.62% Today's Trading Volume: 1,547,225 shares Average Trading Volume: 2,034,642 shares Today's Volume Vs. Average: -23.96% Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term ****73.1% of Alaska Air Group shares are owned by institutional investors -60.9% of United Airlines shares are owned by institutional investors -59.5% of Delta Air Lines shares are owned by institutional investors --44.4% of American Airlines Group shares are owned by institutional investors
NYSE:ALK
by samitrading