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4-Traders Homepage  >  Equities  >  Nyse  >  Alaska Air Group, Inc.    ALK

Delayed Quote. Delayed  - 09/28 10:02:01 pm
66.2 USD   +0.32%
10:28a ALASKA AIR : Airlines will fly to Havana, Cuba, beginning Jan. 5, 20..
09/28 ALASKA AIR : Airlines will fly to Havana, Cuba, beginning Jan. 5, 20..
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Alaska Air : Airlines will fly to Havana, Cuba, beginning Jan. 5, 2017; Tickets for the daily, nonstop Los Angeles-Havana flight are now on sale at air.com

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09/29/2016 | 10:28am CEST

Release date- 28092016 - SEATTLE - Alaska Airlines will launch historic new flying to Havana, Cuba on Jan. 5, 2017. The daily nonstop flight from Los Angeles is among the first regularly scheduled commercial flights to the island country in more than 50 years, and is the only nonstop flight to Cuba from the West Coast.

'This is a historic year for U.S. travelers, who can now fly to Cuba from the U.S. on scheduled commercial service for the first time in more than 50 years,' said Andrew Harrison, Alaska's chief commercial officer. 'We'd like to thank the U.S. Department of Transportation for providing Alaska Airlines the opportunity to operate the only daily, nonstop flight from the West Coast to Cuba.'

The flights were awarded by the DOT in August, and remain subject to approval by the Cuban aviation authorities.

With the addition of flights to Cuba, customers traveling from Los Angeles can reach 22 destinations on Alaska Airlines' more than 275 weekly flights, and 84 nonstop destinations worldwide via Alaska's expansive global partner network.

'We are focused on strengthening our presence in the Los Angeles area, with daily service to 25 destinations from four area airports,' said Harrison. 'With the addition of nonstop flights to and from two cities in Costa Rica last fall, and now Havana, we'll offer up to 87 peak season weekly departures from Southern California to Latin America.'

Schedule of new service:

Start date		City pair		Departs	Arrives		Frequency
Jan. 5		Los Angeles-Havana		8:50 a.m.	4:55 p.m	Daily
Jan. 5		Havana-Los Angeles		5:55 p.m.	8:45 p.m.	Daily

All times based on local time zones

Customers flying from Seattle and Anchorage, Alaska will also enjoy convenient connections to the new route.

Travel to Cuba requires advance planning. The U.S. government does not currently allow U.S. citizens or travelers flying on U.S. airlines to visit Cuba strictly for tourism. Travelers must fall into one of 12 approved categories, including family visits, educational activities and public performances or exhibitions.

To aid customers interested in visiting Cuba, Alaska is working with Cuba Travel Services, the leading travel company serving the destination with more than 17 years of experience. Customers are encouraged to contact Cuba Travel Services for assistance securing travel visas, hotel lodging, and ground transportation and creating itineraries, among other things.

'We are proud to build a new partnership with Alaska Airlines and excited to contribute in their efforts,' said Michael Zuccato, General Manager at Cuba Travel Services.

Alaska Airlines blog: So you want to go to Cuba: Here's how

Tickets for the new routes will go on sale today with fares starting from $229. To purchase tickets, visit www.alaskaair.com to find great savings, or call 1-800-ALASKAAIR (800-252-7522 or Hearing & Speech Impaired (TTY): Dial 711 for Relay Services).

Alaska Airlines, together with its regional partners, flies 32 million customers a year to more than 110 cities with an average of 970 daily flights throughout the United States, Canada, Costa Rica, Mexico and soon Cuba. With Alaska's global airline partners, customers can earn and redeem miles to more than 800 destinations worldwide. Onboard, customers are invited to make the most of their flight with amenities like power outlets at every seat, streaming entertainment direct to your device, Wi-Fi and an inspired food and beverage selection featured on most flights. Alaska Airlines ranked 'Highest in Customer Satisfaction Among Traditional Carriers in North America' in the J.D. Power North American Airline Satisfaction Study for nine consecutive years from 2008 to 2016. Alaska Airlines Mileage Plan also ranked 'Highest in Customer Satisfaction with Airline Loyalty Rewards Programs' in the J.D. Power Airline Loyalty/Rewards Program Satisfaction Report for the last three consecutive years. Alaska Airlines is a subsidiary of Alaska Air Group (NYSE: ALK). Learn more on the airline's newsroom, blog, alaskaair.com, @AlaskaAir, facebook.com/alaskaairlines and linkedin.com/company/alaska-airlines.

SOURCE Alaska Airlines

Media Relations, (206) 304-0008, newsroom@alaskaair.com

(c) 2016 Electronic News Publishing -, source ENP Newswire

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Financials ($)
Sales 2016 5 803 M
EBIT 2016 1 395 M
Net income 2016 862 M
Finance 2016 39,2 M
Yield 2016 1,62%
P/E ratio 2016 9,45
P/E ratio 2017 9,86
EV / Sales 2016 1,40x
EV / Sales 2017 1,34x
Capitalization 8 149 M
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Alaska Air Group, Inc. Technical Analysis Chart | ALK | US0116591092 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 81,1 $
Spread / Average Target 23%
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NameTitle
Bradley D. Tilden Chairman, President & Chief Executive Officer
Benito Minicucci Chief Operating Officer & EVP-Operations
Brandon S. Pedersen Chief Financial Officer & EVP-Finance
Veresh Sita Chief Information Officer & Vice President
Patricia M. Bedient Independent Director
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