Alaska Airlines Receives First Longer-Range Boeing 737-8

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Alaska Air ($NYSE:ALK)lines has welcomed the arrival of its first-ever Boeing 737-8 with extended range capabilities. With this new aircraft, Alaska Airlines is able to fly farther than ever before. The introduction of this longer-range aircraft marks an exciting new era for Alaska Airlines. The company has been a leader in the aviation industry since its founding, and this latest development is yet another example of their commitment to providing customers with the best travel experience possible. With the new Boeing 737-8, Alaska Airlines can now reach destinations that were previously out of reach—opening up new opportunities for passengers and cargo alike.

This first longer-range aircraft is just the beginning of what’s to come for Alaska Airlines. The addition of this additional aircraft type will allow them to better meet customer demand and expand their reach to more cities. The company stock has seen a steady rise since the announcement of the new aircraft, indicating that the market is expecting big things from Alaska Airlines in the future.

Share Price

On Thursday, ALASKA AIR stock opened at $36.7 and closed at $36.8, up by 1.1% from prior closing price of 36.4. This was due to the news that the airline had received its first longer-range Boeing 737-8 aircraft. This new model of aircraft will be used to expand its reach for passengers and cargo delivery to new destinations.

The additional range of the aircraft is expected to drastically improve the airline’s capabilities in terms of serving more distant markets and providing more direct routes. This is an exciting development for ALASKA AIR and its travelers, who will benefit from this new aircraft acquisition. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Alaska Air. More…

Key Ratios Snapshot

Some of the financial key ratios for Alaska Air are shown below. More…

Analysis

GoodWhale has conducted an analysis of ALASKA AIR‘s financials. According to the Star Chart, ALASKA AIR is strong in asset management, medium in growth, profitability and weak in dividend. Based on this, GoodWhale has classified ALASKA AIR as a ‘cheetah’, a company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Considering this, GoodWhale believes that investors who are looking for higher returns but are willing to accept the risk of volatility may be interested in investing in ALASKA AIR. Moreover, ALASKA AIR has an intermediate health score of 6/10, indicating that it may be able to pay off debt and fund future operations. 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 Airlines recently took delivery of the first of several longer-range Boeing 737-8 aircraft, expanding the airline’s capabilities to serve more destinations across the globe. This delivery represents an important milestone in the company’s growth strategy and presents an attractive opportunity for investors. Alaska Airlines offers a strong competitive advantage due to its extensive network coverage, its commitment to customer service, and its modern fleet that is among the best in its class.

The airline is also well-positioned for long-term growth due to cost-cutting initiatives, an expanding route network as well as potential new revenue streams from all-cargo operations. Its business model offers attractive valuation metrics for investors making it an attractive stock to consider for long-term wealth accumulation.