Business travel picks up, bolstering outlook for US airlines [Yahoo! Finance]
Alaska Air Group, Inc. (ALK)
Last alaska air group, inc. earnings: 1/28 04:01 pm
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Source: Yahoo! Finance
Those customers are now back in full force, boosting profits for carriers in what is normally a weak quarter for results. The U.S. airlines that have so far released results - including Delta, United and Alaska Air - all reported a sharp rebound in flying for business purposes. On Thursday, Alaska Air said increased spending by technology companies like Amazon.com and Microsoft in the March quarter increased revenue from corporate travel to pre-pandemic levels. For most of the last year, the carrier's business bookings were stuck around 75% of the 2019 levels. The corporate travel increase helped the Seattle-based carrier post a strong performance in the March quarter, traditionally its weakest period of the year. In an interview, Alaska's chief financial officer, Shane Tackett, said demand would keep growing, as spending by technology companies has not fully recovered. "Technology companies on the West Coast are the most valuable companies in the world," he said. "They are g
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News
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ALK
Earnings
- 4/18/24 - Beat
ALK
Sec Filings
- 4/18/24 - Form 8-K
- 4/5/24 - Form 4
- 4/4/24 - Form 8-K
- ALK's page on the SEC website