U.S. Markets close in 6 hrs 2 mins
  • S&P 500

    -12.51 (-0.28%)
  • Dow 30

    -169.43 (-0.48%)
  • Nasdaq

    +9.82 (+0.07%)
  • Russell 2000

    -16.24 (-0.73%)
  • Crude Oil

    -2.15 (-3.05%)
  • Gold

    +20.20 (+1.11%)
  • Silver

    +0.43 (+1.69%)

    +0.0028 (+0.2379%)
  • 10-Yr Bond

    -0.0470 (-4.00%)
  • Vix

    +0.60 (+3.33%)

    +0.0038 (+0.2721%)

    -0.2100 (-0.1926%)

    +514.25 (+1.33%)
  • CMC Crypto 200

    +31.03 (+3.35%)
  • FTSE 100

    +8.08 (+0.11%)
  • Nikkei 225

    -57.75 (-0.21%)

Alaska Air (ALK) Arm to Ramp-Up Services at Paine Field

·2 min read

Alaska Air Group’s ALK subsidiary, Alaska Airlines, announced plans to restore its full schedule of 18 daily nonstop departures at Paine Field-Snohomish County Airport by spring 2022 or earlier. As recovery continues, the company expects air-travel demand to “return to pre-pandemic levels in the coming year.”

Alaska Airlines, which currently has five daily departures at Paine Field, will increase service to 13 later this fall, gradually moving up to the full allotment of 18 next year.

As part of the expansion at Paine Field, the airline will fly to five destinations — Las Vegas; Orange County, CA; Phoenix, AZ; San Diego, CA and San Francisco, CA — from Jun 17.

Alaska Air Group, Inc. Price

Alaska Air Group, Inc. Price
Alaska Air Group, Inc. Price

Alaska Air Group, Inc. price | Alaska Air Group, Inc. Quote

The carrier will bump up service to seven destinations, totaling 11 daily departures, Sep 8 onward. This includes two flights a day each to Boise, ID and Spokane, WA, as well as a second daily flight to Las Vegas and Phoenix each. Additionally, Oct 7 onward, the carrier will resume its seasonal service to Palm Springs, CA. Ahead of the winters, on Nov 19, the airline will launch a seasonal service to Tucson, AZ.

Zacks Rank & Key Picks

Alaska Air carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Covenant Logistics Group CVLG, C.H. Robinson Worldwide CHRW and United Parcel Service UPS. While Covenant Logistics and C.H. Robinson sport a Zacks Rank #1 (Strong Buy), UPS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Covenant Logistics, C.H. Robinson and UPS have rallied more than 66%, 15% and 98% in a year’s time, respectively.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

United Parcel Service, Inc. (UPS) : Free Stock Analysis Report

C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report

Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report

Covenant Logistics Group, Inc. (CVLG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research