From CNBC: 2024-12-10 06:00:01

Alaska Air Group anticipates a $1 billion profit increase by 2027, capitalizing on the demand for high-end travel. Following a $1.9 billion acquisition of Hawaiian Airlines, Alaska will operate separately, with plans to launch new routes to Tokyo and Seoul from Seattle. By 2030, Alaska aims to serve a dozen international destinations from Seattle using wide-body planes.

Alaska forecasts pretax margins of 11% to 13% in 2027 and earnings surpassing $10 per share. The company introduced a “premium” credit card with Bank of America and is reevaluating its premium seat offerings. Demand for first-class seats is rising, with more customers willing to pay for additional comfort during travel.

Seattle-based Alaska Airlines and rival Delta Air Lines observe a shift in demand towards premium seating. Alaska plans to open a new lounge at San Diego International Airport, while Delta inaugurates its third Delta One Lounge in Boston. Delays in Boeing deliveries persist due to quality concerns, impacting airlines like Alaska, United, and Southwest.



Read more at CNBC: Alaska Airlines plans new nonstop flights to Japan, Korea