Shares of Alaska Air Group Inc. (NYSE:ALK) traded at a new 52-week high today of $71.47. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.
Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Mainline segment includes scheduled air transportation on Alaska’s Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon’s and other third-party carriers’ scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.
Over the past year, Alaska Air Group Inc. has traded in a range of $20.02 to $71.47 and is now at $70.97, 254% above that low.
Alaska Air Group Inc. (NYSE:ALK) is currently priced 4.8% above its average consensus analyst price target of $67.54.
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