Alaska Air (ALK) Arm Announces Partnership With Air Tahiti Nui
Alaska Air Group’s ALK subsidiary, Alaska Airlines, has announced a partnership with the French Polynesian flag carrier, Air Tahiti Nui, offering customers nonstop options to travel to the islands of Tahiti.
Effective Oct 4, Air Tahiti Nui is set to begin a new nonstop service between Alaska Airlines’ hometown airport in Seattle, WA and Papeete, French Polynesia. With this partnership, Alaska Airlines’ customers can also avail Air Tahiti Nui’s existing daily nonstop service between Papeete and Los Angeles. Air Tahiti Nui also provides nonstop service between the popular cities of Los Angeles and Paris.
Beginning Apr 1, Alaska Airlines’ Mileage Plan members will have the opportunity to earn miles on all Air Tahiti Nui flights. Mileage redemption on Air Tahiti Nui flights is expected to be made available later this spring.
Alaska Air Group, Inc. Price
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As air-travel demand continues to rebound, Alaska Airlines has been focusing on expanding its network by partnering with international airlines. Last year, the airline entered into codeshare deals with British Airways and Iberia Airlines. While the latest partnership is not a codeshare deal, it still offers Alaska Airlines’ customers several benefits.
Zacks Rank & Key Picks
Alaska Air carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Transportation sector are as follows:
USA Truck USAK sports a Zacks Rank #1 (Strong Buy). The company’s earnings have surpassed the Zacks Consensus Estimate in three of the preceding four quarters (in line in one), the average surprise being 64.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of USA Truck have rallied more than 42% in the past six months.
GATX Corporation GATX also carries a Zacks Rank #1. The company has an impressive earnings surprise history. Its earnings have surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 27.7%.
Shares of GATX have appreciated more than 37% in the past six months.
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