We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Alaska Air Group (ALK) Gains on Improved November Traffic
Read MoreHide Full Article
Alaska Air Group, Inc. (ALK - Free Report) witnessed a 2.38% increase in its stock price at the close of business on Dec 2. The stock price appreciation was driven by the company’s impressive traffic results, which were released earlier that day.
We note that the stock has been performing well over the past few months and has comfortably outperformed the Zacks-categorized Transportation-Airline industry over the last three months. The stock has gained over 22.94% compared with the industry, which has advanced just 13.52% over the same period.
Alaska Air posted a significant rise in air traffic for November. Traffic – measured in revenue passenger miles (RPMs) – came in at 2.99 billion, up 7% from 2.80 billion a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 2.8% to 3.5 billion. Load factor – the percentage of seats filled by passengers – improved to 85.1% from 81.7% in Nov 2015 as traffic growth exceeded capacity expansion.
At the end of the first eleven months of 2016, Alaska Air Group witnessed a 9.4% increase in RPMs to 33.47 billion and 9.2% rise in ASMs to 39.69 billion, both on a year-over-year basis. Load factor was 84.3% compared with 84.2% in the first eleven months of 2015.
The company’s traffic growth can be attributed to new routes and focus on enhancing customer service. Also, passenger count in November and at the end of the first eleven months of 2016 grew 7.5% and 6.5%, respectively.
The company has been consistently delivering impressive traffic results despite intense competition from peers like JetBlue Airways Co. (JBLU - Free Report) , United Continental Holdings Inc. (UAL - Free Report) and Delta Air Lines Inc. (DAL - Free Report) .
New Routes
The company recently launched a range of flights, which include connections like San Diegoand Newark, San Diego and Baltimore, Washington and Hawaii, and Portland and Newark.
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Alaska Air Group (ALK) Gains on Improved November Traffic
Alaska Air Group, Inc. (ALK - Free Report) witnessed a 2.38% increase in its stock price at the close of business on Dec 2. The stock price appreciation was driven by the company’s impressive traffic results, which were released earlier that day.
We note that the stock has been performing well over the past few months and has comfortably outperformed the Zacks-categorized Transportation-Airline industry over the last three months. The stock has gained over 22.94% compared with the industry, which has advanced just 13.52% over the same period.
Alaska Air posted a significant rise in air traffic for November. Traffic – measured in revenue passenger miles (RPMs) – came in at 2.99 billion, up 7% from 2.80 billion a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 2.8% to 3.5 billion. Load factor – the percentage of seats filled by passengers – improved to 85.1% from 81.7% in Nov 2015 as traffic growth exceeded capacity expansion.
At the end of the first eleven months of 2016, Alaska Air Group witnessed a 9.4% increase in RPMs to 33.47 billion and 9.2% rise in ASMs to 39.69 billion, both on a year-over-year basis. Load factor was 84.3% compared with 84.2% in the first eleven months of 2015.
The company’s traffic growth can be attributed to new routes and focus on enhancing customer service. Also, passenger count in November and at the end of the first eleven months of 2016 grew 7.5% and 6.5%, respectively.
The company has been consistently delivering impressive traffic results despite intense competition from peers like JetBlue Airways Co. (JBLU - Free Report) , United Continental Holdings Inc. (UAL - Free Report) and Delta Air Lines Inc. (DAL - Free Report) .
New Routes
The company recently launched a range of flights, which include connections like San Diegoand Newark, San Diego and Baltimore, Washington and Hawaii, and Portland and Newark.
Zacks Rank
Alaska Air Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>