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

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Alaska Air : Virgin America Pilots Respond to First Quarter Earnings

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04/28/2017 | 04:10pm CEST

Alaska Air Group announced a solid profit for the first quarter 2017. Alaska Airlines management currently is engaged in negotiations for a Joint Collective Bargaining Agreement with the pilots of Alaska Airlines and Virgin America, and will enlist the assistance of a mediator beginning May 1. The elected leadership of the Alaska Airlines and Virgin America pilots, who are represented by the Air Line Pilots Association, Intl (ALPA), issued the following statement today:

Alaskas first quarter earnings, and new route announcements over the past quarter, demonstrate that this is a company poised for continued growth and success as it works to integrate Virgin America into its operations. One of Alaskas guiding principles is that culture is key to their success; however, Alaska Airlines management continues to jeopardize that culture the longer they delay negotiating a joint contract with the Alaska and Virgin America pilots that is in line with the industry. Its time for Alaska management to show that they are committed to their guiding principles and to their pilots.

The Alaska and Virgin America pilots continue to provide industry-level performance that helped make this merger possible. The pilots play an instrumental role in making Alaska Airlines one of the best, if not the best, airlines in the United States in terms of profit margin, loyalty programs, and consumer rankings and recognition. Yet, Alaska management fails to recognize the importance of valuing its frontline employeesits pilotsthe way our competition does. This is not the path to a smooth, successful merger.

The pilots of Alaska and Virgin America call on Alaska Airlines management to come prepared into mediation next month and ready to reach a fair agreement that acknowledges the pilots contribution to the success of this merger and airline.

(c) 2017 South Sudan News Agency. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 8 106 M
EBIT 2017 1 601 M
Net income 2017 976 M
Debt 2017 2 157 M
Yield 2017 1,42%
P/E ratio 2017 10,86
P/E ratio 2018 9,84
EV / Sales 2017 1,56x
EV / Sales 2018 1,42x
Capitalization 10 525 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 111 $
Spread / Average Target 30%
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Managers
NameTitle
Bradley D. Tilden Chairman, President & Chief Executive Officer
Benito Minicucci Chief Operating Officer & EVP-Operations
Brandon S. Pedersen Chief Financial Officer & EVP-Finance
Charu Jain Chief Information Officer & Vice President
Patricia M. Bedient Independent Director
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