Alaska Air Flight Attendants Picket in Seattle to Demand Better Labor Deal

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Flight attendants of Alaska Air ($NYSE:ALK) recently staged a picket in Seattle to express their dissatisfaction with a labor agreement. The flight attendants are looking for increased wages and improved working conditions. They argue that the labor agreement being offered by Alaska Airlines does not meet their standards and fails to provide them with the security they deserve. By banding together, the workers are poised to make a stand and ensure that they can enjoy workplace conditions that are fair and just.

Alaska Air is under pressure to reach an agreement with its employees. The company needs to show its commitment to its workers if it wants to remain competitive in the market. With the current labor dispute unresolved, the airline faces a potential disruption of flights and a tarnished reputation that could adversely affect its bottom line.

Market Price

The attendants were joined by community members, union leaders, and elected officials in protesting outside of Alaska Air’s corporate offices. The attendants are seeking changes to wages, benefits, and work rules that they say have not kept up with the airline’s growth. At the same time, ALASKA AIR stock opened at $39.5 and closed at $40.2, up by 2.4% from the prior closing price of 39.3.

This marks the fourth consecutive day of gains for the stock. It is the latest indication that investors are optimistic about Alaska Air’s prospects despite the labor dispute. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Analysis

GoodWhale recently conducted an analysis of ALASKA AIR‘s wellbeing. According to our Star Chart, ALASKA AIR appears strong in asset, medium in growth, profitability and weak in dividend. In terms of overall health our score was 6/10, which indicates that ALASKA AIR is likely to safely ride out any crisis without the risk of bankruptcy. We classified ALASKA AIR as a ‘cheetah’ – a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This suggests that ALASKA AIR may be attractive to investors who are looking for higher returns but are aware of the risks involved. Investors who favour stability over growth may be less likely to invest in ALASKA AIR. More…

Peers

The airline industry is a fiercely competitive market. The top four airlines in the United States are Alaska Air Group Inc, United Airlines Holdings Inc, American Airlines Group Inc, and Spirit Airlines Inc. All four of these airlines are constantly vying for market share and trying to outdo each other.

Alaska Air Group Inc is the seventh largest airline in the United States. The company was founded in 1932 and is headquartered in Seattle, Washington. Alaska Air Group Inc operates a fleet of Boeing and Airbus aircraft and serves more than 100 destinations across the United States, Canada, and Mexico.

United Airlines Holdings Inc is the world’s largest airline. The company was founded in 1926 and is headquartered in Chicago, Illinois. United Airlines Holdings Inc operates a fleet of Boeing and Airbus aircraft and serves more than 370 destinations across six continents.

American Airlines Group Inc is the world’s largest airline. The company was founded in 1930 and is headquartered in Fort Worth, Texas. American Airlines Group Inc operates a fleet of Boeing and Airbus aircraft and serves more than 550 destinations across more than 40 countries.

Spirit Airlines Inc is an ultra-low-cost carrier. The company was founded in 1980 and is headquartered in Miramar, Florida. Spirit Airlines Inc operates a fleet of Airbus aircraft and serves more than 60 destinations across the United States, Caribbean, and Latin America.

– United Airlines Holdings Inc ($NASDAQ:UAL)

United Airlines Holdings Inc is an American airline headquartered in Chicago, Illinois. It is the world’s third-largest airline when measured by revenue, after American Airlines and Delta Air Lines. United operates a large domestic and international route network, with an extensive presence in the Asia-Pacific region. The airline has a significant presence in the United hub of Los Angeles.

– American Airlines Group Inc ($NASDAQ:AAL)

American Airlines Group Inc has a market cap of 8.58B as of 2022, a Return on Equity of 5.3%. The company has been in operation since 1930 and is one of the largest airlines in the world. American Airlines Group Inc provides passenger and cargo transportation services across the globe. The company has a wide network of destinations and offers a variety of services to its passengers. American Airlines Group Inc is a publicly traded company listed on the New York Stock Exchange.

– Spirit Airlines Inc ($NYSE:SAVE)

Spirit Airlines Inc is an airline company that has a market cap of 2.13B as of 2022. The company has a return on equity of -10.47%. Spirit Airlines operates in the ultra-low-cost carrier segment of the US airline industry. The company provides air transportation for passengers and cargo. Its routes span the US, Latin America, and the Caribbean.

Summary

Alaska Air Group, Inc. is a US airline holding company. Recently, flight attendants of the Alaska Air Group staged a picket in Seattle in protest of the proposed labor deal. The proposed deal would see flight attendants receive two pay raises annually over the next four years, but also make changes to their retirement plans. Investors should be aware of the potential outcomes from this dispute, as the agreement could impact the company’s budget and future earnings.

Additionally, Alaska Air’s stock performance may be affected by the event, depending on the final agreement between the company and its employees. It is currently unknown how long the negotiations will last, or how the situation will ultimately be resolved.