Business travel picks up, bolstering outlook for US airlines [Reuters]
Alaska Air Group, Inc. (ALK)
Last alaska air group, inc. earnings: 1/28 04:01 pm
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Source: Reuters
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 (DAL.N) New Tab , opens new tab , United (UAL.O) New Tab , opens new tab and Alaska Air (ALK.N) New Tab , opens new tab - all reported a sharp rebound in flying for business purposes. On Thursday, Alaska Air said increased spending by technology companies like Amazon.com (AMZN.O) New Tab , opens new tab and Microsoft (MSFT.O) New Tab , opens new tab 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. Report this ad In an interview, Alaska's chief financial officer, Shane Tackett, said demand
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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