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

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Alaska Air : Airlines issues statement following Virgin America lawsuit settlement; Airline to schedule closing date soon

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12/08/2016 | 10:56am CET

Release date- 07122016 - SEATTLE - Alaska Airlines has agreed to settle a lawsuit brought by private plaintiffs opposing the planned merger of Alaska and Virgin America. The airline has issued the following statement:

'We are pleased to confirm that we have agreed to settle the lawsuit filed by private plaintiffs in U.S. District Court in San Francisco. Terms of the settlement are confidential. We look forward to closing the transaction in the very near future.'

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 their 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 5 807 M
EBIT 2016 1 384 M
Net income 2016 705 M
Finance 2016 160 M
Yield 2016 1,23%
P/E ratio 2016 12,84
P/E ratio 2017 13,78
EV / Sales 2016 1,88x
EV / Sales 2017 1,78x
Capitalization 11 066 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 13
Average target price 88,9 $
Spread / Average Target -0,99%
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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
Patricia M. Bedient Independent Director
Phyllis J. Campbell Lead Independent Director
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