Stock Upgrade of the Day: Alaska Air (NYSE:ALK)

Alaska Air Group, Inc. (NYSE:ALK) received a stock rating upgrade from BofA/Merrill on Apr-05-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had a Underperform rating on the stock.


Analysts have a consensus target price of $ 89.57 in the 12-month period. The price objective is 12.41% higher than the recent closing price of $ 79.68. The 52-week price range is $ 57.63 – 86.84 and the company has a market capitalization of $ 9.94B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, zero says it’s a buy, and 5 have assigned a strong buy rating to the company.


Alaska Air Group, Inc. (ALK) on April 5, 2016 reported March and year-to-date operational results on a consolidated basis for its mainline operations operated by subsidiary Alaska Airlines, Inc. (Alaska), and for its regional flying operated by subsidiary Horizon Air Industries, Inc., and third-party regional carriers SkyWest Airlines and PenAir.


AIR GROUP


On a combined basis, Air Group reported a 9.2 percent increase in traffic on a 9.2 percent increase in capacity compared to March 2015. Load factor increased 0.1 points to 86.2 percent. These statistics include flights operated by Alaska, Horizon and those under third-party capacity purchase agreements.


ALASKA AIRLINES – MAINLINE


Alaska reported an 8.1 percent increase in traffic on a 7.7 percent increase in capacity compared to March 2015. Load factor increased 0.3 points to 86.8 percent. Alaska also reported 86.4 percent of its flights arrived on time in March, compared to the 85.6 percent reported in March 2015.


REGIONAL FLYING


Regional traffic increased 20.8 percent on a 23.0 percent increase in capacity compared to March 2015. Load factor decreased 1.4 points to 80.8 percent.


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