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MarketScreener Homepage  >  Equities  >  Nyse  >  Alaska Air Group, Inc.    ALK

ALASKA AIR GROUP, INC.

(ALK)
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Alaska Air : Airlines advances its 'sun and snow' strategy with additional wintertime routes

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09/22/2020 | 10:25am EDT

Alaska Airlines advances its 'sun and snow' strategy with additional wintertime routes.

SEATTLE - Everyone is ready for a getaway right about now. Think socially distanced fun by the poolside, the beach, skiing, golfing, you name it. Alaska Airlines wants to make trip planning to terrific destinations this winter easier for its guests.

Alaska announced today five new routes that will better connect Los Angeles International Airport and Palm Springs International Airport to key West Coast markets and the Yucatan Peninsula in Mexico. From fun in the (warm) sun to bright (cool) days in the mountains, the airline is ready to take travelers to locations near and far.

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Alaska will begin daily nonstop service on Dec. 17 between Los Angeles and Cancun, Mexico, and Reno, Nevada. Cancun is one of Mexico's most popular getaways, and Reno is the gateway to Lake Tahoe and its endless possibilities. These additions build on Alaska's leading intra-West and transborder route network from Los Angeles. On the same date, the airline is adding daily nonstop service between Palm Springs and Boise, Reno and San Jose, California. Tickets now on sale at alaskaair.com.

'As demand for leisure travel returns, and for those ready to fly the coop, we're excited to offer even more nonstop routes this winter,' said Brett Catlin, Alaska's managing director of capacity planning and alliances. 'We've long offered nonstop flights to some of the most popular vacation destinations from Southern California, and we continue to see demand for our unique low fare, high-quality experience.'

Start Date		City Pair			Frequency			Aircraft
Dec. 17 - April 12, 2021Los Angeles - Cancun		Daily				737
Dec. 17, 2020Los Angeles - Reno		Daily				E175
Dec. 17 - April 12, 2021Palm Springs - Boise		Daily				E175
Dec. 17 - April 12, 2021Palm Springs - Reno 		Sun, Mon, Thurs, Fri, Sat	E175
Dec. 17, 2020Palm Springs - San Jose, Calif.	2x Daily			E175

The daily flights between Los Angeles-Reno and Palm Springs-San Jose will be year-round. The flights between Los Angeles-Cancun, Palm Springs-Boise and Palm Springs-Reno are part of the airline's seasonal schedule from Dec. 17 through April 12, 2021.

Alaska is also increasing the frequency of service on certain routes from Lose Angeles starting Dec. 17:

Guadalajara increases to two daily flights

Salt Lake City increases to two daily flights

Boise increases from one to three daily flights

The newly added service at Los Angeles builds on recent additional routes to cites across the West for a total of 14 new routes this year alone. In July, Alaska announced seven new routes from Los Angeles to further connect its guests between Southern California and key markets around the country, including the first nonstop service from the West Coast to Fort Myers/Naples, Florida, which begins Nov. 20.

Just in time for fall travel, Alaska is also extending physical distancing on board by limiting the number of guests and blocking middle seats through Nov. 30, 2020. Alaska is also extending its flexible travel policy for all new ticket purchases, including Saver fares, through Dec. 31, 2020.

Over the past several months, Alaska has implemented nearly 100 safety measures designed to keep our guests and employees safe, part of the airline's commitment to Next-Level Care. The airline emphasizes a layered approach to safety, which starts with the requirement that all employees and guests wear a face mask or covering through the airport and on board with no exceptions. Flyers must also take a health agreement at check-in to acknowledge and attest to their willingness to adhere to the mask policy.

Alaska Airlines and its regional partners serve more than 115 destinations across the United States and North America, providing essential air service for our guests along with moving crucial cargo shipments, such as food, medicine, mail and e-commerce deliveries. With hubs in Seattle; San Francisco; Los Angeles; Portland, Oregon; and Anchorage, Alaska, the airline is known for low fares, award-winning customer service and sustainability efforts. With Alaska and its Global Partners, guests can earn and redeem miles on flights to more than 800 destinations worldwide. Learn more about Alaska at newsroom.alaskaair.com and blog.alaskaair.com. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).

SOURCE Alaska Airlines

For further information: Media Relations, (206) 304-0008, newsroom@alaskaair.com

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials (USD)
Sales 2020 3 658 M - -
Net income 2020 -1 247 M - -
Net Debt 2020 2 314 M - -
P/E ratio 2020 -3,75x
Yield 2020 0,68%
Capitalization 4 548 M 4 548 M -
EV / Sales 2020 1,88x
EV / Sales 2021 1,13x
Nbr of Employees 18 112
Free-Float 92,5%
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Mean consensus BUY
Number of Analysts 15
Average target price 50,71 $
Last Close Price 36,78 $
Spread / Highest target 74,0%
Spread / Average Target 37,9%
Spread / Lowest Target 16,9%
EPS Revisions
Managers
NameTitle
Bradley D. Tilden Chairman, President & Chief Executive Officer
Benito Minicucci Chief Operating Officer & EVP-Operations
Shane R. Tackett Chief Financial Officer & Executive VP-Finance
Charu Jain Chief Information Officer & Vice President
Patricia M. Bedient Lead Independent Director
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