Alaska Air's (ALK) Subsidiary Introduces New Nonstop Services
Alaska Air Group, Inc. (ALK) recently announced that it is strengthening its competitive position with the announcement of new services.Alaska Airlines, a subsidiary of Alaska Air, is launching new, daily, nonstop services between San Diego and Atlanta, effective May 16, 2024. Tickets are available for purchase now at alaskaair.com.
Alaska Airlines is gearing up to expand its network in Southern California. It will provide 37 nonstop destinations from San Diego to cities across the Northwest, Northeast, California, Mexico, Florida and all four major islands in Hawaii. At present, ALK provides 36 nonstop destinations from San Diego.
The new service’s daytime schedule is that the flight will depart San Diego in the mid-morning and arrive at Atlanta in the late afternoon, with the flight returning to San Diego in the early evening. This schedule will also enable passengers to catch other connecting flights within the intra-California network.
Kirsten Amrine, vice president of revenue management and network planning for Alaska Airlines, stated, "We want to provide our guests in San Diego the most nonstop options.” She further added, “Not only are San Diego and Atlanta popular destinations for leisure travelers, but both are also major business hubs. We're excited to connect the cities, especially since Atlanta is our unserved transcontinental market from San Diego."
The latest addition of new nonstop service between San Diego and Atlanta should enhance Alaska Airlines’ competitive position.
Zacks Rank and Stocks to Consider
Currently, Alaska Air carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Zacks Transportation sector are GATX Corporation (GATX), Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB) and SkyWest, Inc. (SKYW). Each of these companies presently carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GATX has an expected earnings growth rate of 14.33% for the current year. GATX delivered a trailing four-quarter earnings surprise of 17.30%, on average.
The Zacks Consensus Estimate for GATX’s current-year earnings has improved 2.1% over the past 90 days. Shares of GATX have gained 6% year to date.
Wabtec has an expected earnings growth rate of 16.87% for the current year. WAB delivered a trailing four-quarter earnings surprise of 3.42%, on average.
The Zacks Consensus Estimate for WAB’s current-year earnings has improved 4.9% over the past 90 days. Shares of WAB have gained 5.9% year to date.
SkyWest's fleet-modernization efforts are commendable.A fall in operating expenses is a tailwind for SkyWest. In second-quarter 2023, the metric dipped 2.4% to $693.8 million due to a decline in operating costs. Low operating expenses boost bottom-line results. Shares of SKYW have surged 163.6% year to date.
SKYW delivered a trailing four-quarter earnings surprise of 31.51%, on average.
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
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report
GATX Corporation (GATX) : Free Stock Analysis Report
