Reported 1 day ago
Alaska Air has announced a plan to achieve an additional $1 billion in profits by 2027, driven by its acquisition of Hawaiian Airlines and increasing premium travel demand. With raised profit forecasts for the fourth quarter and the full year, the airline's shares rose significantly. The merger allows Alaska to enhance its global reach and capitalize on the high-margin premium travel market, while also initiating a $1 billion share buyback.
Source: YAHOO