Name of opportunity: 👀
Alaska Air Group, Inc
Alaska Air are celebrating: 🎆
Alaska Air has bought Hawaiian Airlines, which traded under the name Hawaiian Holdings Inc, in a huge deal today for US$1.9 billion - $1 billion in cash, and taking on $900 million of Hawaiian Holdings’ debt. The move will strengthen Alaska Air’s position as a leading US airline, and will also expand its reach outside the US, particularly as Hawaiian Airlines has a number of flights from Hawaii to Asian countries. Together, the two companies fly to 138 destinations.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Alaska Air Group, Inc. will increase from $40.35 to $56.40 in the next 12 months. If you invested $1000, you might profit $398.81.
Analysts think Alaska Air Group is a ‘Buy’ overall, due to several other factors as well as the new merger. Yesterday, it raised its third-quarter 2024 adjusted earnings per share (EPS) guidance from $1.40-$1.60 up to $2.15-$2.25.
Fuel prices also seem to be going down, so Alaska Air’s guidance also said estimated fuel expenses for Q3 were dropping from $2.85-$2.95 per gallon to $2.60-$2.70, helping to cut costs.
On the wing: ✈️
Alaska Air Group is an airlines holding company, which owns Alaska Airlines, Horizon Air and as of today, Hawaiian Airlines. Today Hawaiian Holdings Inc stopped trading as it is now part of the holding company, although it will continue to operate separately, under its own branding but with new management. Alaska Airlines also wholly owns aircraft handling services company, McGee Air Services. Alaska Air Group was formed in 1985.
Which neme?: 🔍
‘Travel’
Download Nemo to check out Alaska Air Group
