Andrea L. Schneider, Senior Vice President of People at Alaska Air Group, Inc. (NYSE:), recently sold 800 shares of the company’s common stock. The airline company, currently valued at $8.3 billion, has seen its stock surge over 50% in the past six months and is trading near its 52-week high of $65.62. The shares were sold at a price of $63.89 each, resulting in a total transaction value of $51,112. Following this sale, Schneider retains direct ownership of 20,286 shares in the company. Additionally, there are 15 shares held indirectly by her spouse. This transaction was disclosed in a filing with the Securities and Exchange Commission. According to InvestingPro, Alaska Air Group maintains a “GOOD” overall financial health score, with particularly strong price momentum metrics. Subscribers can access 12 additional exclusive ProTips and comprehensive analysis through the Pro Research Report.
In other recent news, Alaska Airlines has made significant strides with its recent merger with Hawaiian Airlines, an event that has drawn the attention of various financial firms. The airline’s revenue growth of 3.88% over the last twelve months, coupled with a gross profit margin of 23.92%, has been attributed to synergies from the merger, including route optimization and loyalty programs. In light of these developments, Citi and TD Cowen have raised their stock targets for Alaska Airlines to $74 and $78 respectively, maintaining a Buy rating for the company. Melius Research also reiterated its Buy rating and set a $72.00 price target for the airline, pointing out the potential for Alaska Air’s earnings to double over the next three years. Alaska Airlines has also announced the inauguration of a new nonstop service between San Diego and Ronald Reagan Washington National Airport, enhancing travel between two strategic regions. The airline’s ambitious growth strategy, Alaska Accelerate, aims to generate an additional $1 billion in pre-tax profit and an earnings per share exceeding $10 by 2027. These are some of the recent developments that have made Alaska Airlines a focal point for investors and financial firms alike.
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