Markets

Alaska Air Group (ALK) Adds Raleigh to Seattle Network

Recently, Alaska Airlines, a division of Alaska Air Group, Inc.ALK has initiated flight service between the cities of Seattle and Raleigh/Durham, North Carolina, starting Oct 1.

An introductory fare of $169 for one-way travel between Seattle and Raleigh/Durham is on offer through Oct 3, 2015, for customers traveling by Dec 16, 2015.

Under the new extension, Alaska Airlines will fly Boeing's Next Generation 737 aircraft which offers high fuel efficiency. Moreover, passengers will be offered unlimited video streaming services on their personal devices along with snacks and other refreshments.

Meanwhile, Alaska Airlines flagged off flights from Seattle to Nashville and New York City's JFK airport last month. In 2015, the carrier has added six new cities, inclusive of the latest addition of Raleigh.

Last month, Alaska Airlines started operating non-stop flights between Nashville and Seattle, thereby expanding its non-stop service to 84 destinations from Seattle alone.

However, we believe that addition of Raleigh will intensify competition as Delta Air Lines DAL is continuously expanding its presence at the Raleigh-Durham International Airport, from where it currently operates non-stop flights to 20 destinations.

Despite such headwinds, increased flight frequencies coupled with low fares and the upcoming holiday season are a few encouraging factors which are likely to boost revenues for Alaska Airlines.

Stocks to Consider

Alaska Air Group currently carries a Zacks Rank #1 (Strong Buy). Other favorably ranked stocks in the same space are Ryanair Holdings plc RYAAY and JetBlue Airways Corp. JBLU . Both the stocks sport the same Zacks Rank as Alaska Air Group.

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RYANAIR HLDGS (RYAAY): Free Stock Analysis Report

JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report

DELTA AIR LINES (DAL): Free Stock Analysis Report

ALASKA AIR GRP (ALK): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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