:Alaska Air Group
{{Short description|U.S. airline holding company}}
{{Infobox company
| name = Alaska Air Group, Inc.
| logo = Alaska Air Group logo.svg
| type = Public
| traded_as = {{ubl|{{NYSE|ALK}}|DJTA component|S&P 400 component}}
| founded = {{Start date and age|1985}}
| hq_location = SeaTac, Washington, United States
| area_served = United States
| key_people = {{Unbulleted indent list
| Ben Minicucci (Group CEO)
| Patricia Bedient (chair)
| Joe Sprague (Hawaiian Airlines CEO)
| Jason Berry (Horizon Air President)
}}
| industry = Transportation
| revenue = {{increase}} {{US$|11.7 billion|link=yes}} (2024)
| operating_income = {{increase}} {{US$|570 million}} (2024)
| net_income = {{increase}} {{US$|395 million}} (2024)
| assets = {{increase}} {{US$|19.8 billion}} (2024)
| equity = {{increase}} {{US$|4.4 billion}} (2024)
| num_employees = {{increase}} 33,941 (2024)
| subsid = {{Unbulleted list
| McGee Air Services
}}
| website = {{URL|https://investor.alaskaair.com}}
| footnotes = Financials {{as of|2024|12|31|df=US|lc=y}}.
References:{{Cite web |date=May 17, 2021 |title=Executive Leadership |url=https://newsroom.alaskaair.com/executive-leadership |website=Alaska Airlines |publisher=Alaska Airlines, Inc.}}
}}
Alaska Air Group, Inc. is an American airline holding company based in SeaTac, Washington, United States. The group owns two mainline carriers, Alaska Airlines and Hawaiian Airlines, along with a regional airline, Horizon Air.{{Cite web |title=Alaska Air Group, Form 8-K, Current Report, Filing Date Oct 10, 2017 |url=http://pdf.secdatabase.com/2022/0000766421-17-000059.pdf |access-date=October 24, 2017 |publisher=secdatabase.com}} Alaska Airlines in turn wholly owns an aircraft ground handling company, McGee Air Services.
History
Alaska Air Group was formed in 1985 as a holding company for Alaska Airlines, and a year later it acquired Horizon Air and Jet America Airlines. Jet America Airlines was merged into Alaska Airlines in 1987.{{Cite web |title=Alaska Airlines history by decade |url=https://www.alaskaair.com/content/about-us/history/history-by-decade |access-date=March 18, 2020 |publisher=Alaska Airlines}}
In 2011, Alaska Air Group replaced the AMR Corporation in the Dow Jones Transportation Average following AMR's filing for bankruptcy.{{Cite news |last=Hwang |first=Inyoung |date=30 November 2011 |title=Alaska Air to Replace AMR in Dow Jones Transportation Average |url=http://www.businessweek.com/news/2011-11-30/alaska-air-to-replace-amr-in-dow-jones-transportation-average.html |url-status=dead |archive-url=https://web.archive.org/web/20120418100203/http://www.businessweek.com/news/2011-11-30/alaska-air-to-replace-amr-in-dow-jones-transportation-average.html |archive-date=2012-04-18 |access-date=9 May 2012 |work=Bloomberg Businessweek}}
On March 29, 2016, Alaska Airlines announced that it would form a wholly owned subsidiary called McGee Air Services, a dedicated airline services company. McGee competes with other companies to provide ground handling, aircraft cleaning and wheelchair services to Alaska Airlines.{{Cite web |date=March 29, 2016 |title=Alaska Airlines Announces the Formation of a New Subsidiary – McGee Air Services |url=http://www.mcgeeairservices.com/20160329.html |url-status=dead |archive-url=https://web.archive.org/web/20171029065314/http://www.mcgeeairservices.com/20160329.html |archive-date=October 29, 2017 |access-date=October 28, 2017 |website=McGee Air Services}}
On April 4, 2016, Alaska Air Group announced plans to acquire Virgin America, pending approval from US government regulators and Virgin America shareholders;{{Cite news |date=April 4, 2016 |title=Alaska Air to acquire Virgin America in $4bn deal |url=https://www.bbc.com/news/business-35960128 |access-date=April 4, 2016 |work=BBC News}} the acquisition was completed on December 14, 2016.{{Cite press release |title=Alaska Air Group closes acquisition of Virgin America, becomes the 5th largest U.S. airline |date=December 14, 2016 |publisher=Alaska Airlines, Inc. |url=https://newsroom.alaskaair.com/2016-12-14-Alaska-Air-Group-closes-acquisition-of-Virgin-America-becomes-the-5th-largest-U-S-airline |website=Alaska Airlines}} The total price was approximately $2.6 billion. Until 2018, Alaska Air Group continued to operate Alaska Airlines and Virgin America as separate airlines and continued to honor both Alaska's Mileage Plan and Virgin America's Elevate loyalty programs.{{Cite news |last=Kim, Susanna |date=April 4, 2016 |title=What You Should Know About the Virgin America, Alaska Air Merger |url=https://abcnews.go.com/Business/virgin-america-alaska-air-merger/story?id=38143131 |work=ABC News – Breaking News, Latest News, Headlines & Videos |publisher=ABC News Internet}} Following the acquisition of Virgin America, the actual number of Alaska Air Group employees had increased from 15,143 at the end of 2015 to 19,112 (12,224 at Alaska Airlines, 3,616 at Horizon Air, and 3,252 at Virgin America) by the end of 2016.{{Cite web |title=Alaska Air Group, Form 10-K, Annual Report, Filing Date February 28, 2017 |url=http://pdf.secdatabase.com/1979/0000766421-17-000016.pdf |access-date=October 24, 2017 |publisher=secdatabase.com}}
On March 22, 2017, the company announced that Alaska Air Group would merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand. The merger was largely completed on April 25, 2018 and the Virgin America brand was fully retired by June 2, 2019.{{Cite news |last1=Goldman, David |last2=Ostrower, Jon |name-list-style=amp |date=March 23, 2017 |title=Alaska Airlines is killing off the Virgin America brand |url=https://money.cnn.com/2017/03/22/news/companies/virgin-america-alaska-airlines-brand/ |work=CNN Money |publisher=Cable News Network}}
On December 3, 2023, Alaska Air Group announced that it planned to purchase Hawaiian Airlines in a deal worth approximately $1.9 billion. The deal would retain both Alaska Airlines and Hawaiian Airlines as separate brands.{{Cite press release |title=Alaska Airlines and Hawaiian Airlines to Combine, Expanding Benefits and Choice for Travelers Throughout Hawai'i and the West Coast |date=December 3, 2023 |url=https://newsroom.hawaiianairlines.com/releases/alaska-airlines-and-hawaiian-airlines-to-combine-expanding-benefits-and-choice-for-travelers-throughout-hawaii-and-the-west-coast |language=en |access-date=December 3, 2023 |website=Hawaiian Airlines}}{{Cite news |date=December 3, 2023 |title=Alaska, Hawaiian airlines merging after $1.9B deal |url=https://www.khon2.com/local-news/alaska-hawaiian-air-announce-the-two-will-combine-companies/ |access-date=December 3, 2023 |work=KHON2 |language=en-US}} On August 19, 2024, the U.S. Department of Justice completed its regulatory antitrust review of the proposed acquisition and declined file a lawsuit to block it.{{cite web |last=Casey |first=David |title=Alaska Airlines, Hawaiian Airlines Merger Clears DOJ Review |website=Aviation Week Network |date=2024-08-20 |url=https://aviationweek.com/air-transport/airlines-lessors/alaska-airlines-hawaiian-airlines-merger-clears-doj-review |access-date=2024-08-20}} The merger received the approval of the U.S. Department of Transportation on September 17, 2024 with the merger closing the following day.{{cite web |last=Chokshi |first=Niraj |title=Alaska Airlines' Acquisition of Hawaiian Airlines Cleared by Regulator |website=The New York Times |date=September 17, 2024 |url=https://www.nytimes.com/2024/09/17/business/alaska-airlines-hawaiian-acquisition.html |access-date=September 17, 2024}}{{Cite web |last=Airlines |first=Alaska |date=2024-09-18 |title=Alaska Airlines completes acquisition of Hawaiian Airlines, expanding benefits and choice for travelers |url=https://news.alaskaair.com/company/alaska-airlines-completes-acquisition-of-hawaiian-airlines-expanding-benefits-and-choice-for-travelers/ |access-date=2024-09-18 |website=Alaska Airlines News |language=en-US}}
Corporate affairs
= Business trends =
The key trends for Alaska Air Group are shown below (as at year ending December 31):{{Cite web |title=Alaska Airlines - Annual Reports |url=https://news.alaskaair.com/investor-relations/financials/?utm_source=legacyinvestorurl |access-date=2024-08-19 |website=Alaska Airlines News |language=en-US}}
{{Sticky header}}
| class="wikitable sticky-header" style="text-align:center;" |
| style="background: #1b3b66;" |Year
! style="background: #1b3b66;" |Revenue ! style="background: #1b3b66;" |Net income ! style="background: #1b3b66;" |Employees ! style="background: #1b3b66;" |Passengers ! style="background: #1b3b66;" |Load factor ! style="background: #1b3b66;" |Aircraft ! style="background: #1b3b66;" |Notes/ |
|---|
| style="background: #1b3b66;" | 2009
| 3,400 | 122 | 12,223 | 15.5 | 79.3 | 115 |
| style="background: #1b3b66;" | 2010
| 3,832 | 251 | 11,696 | 23.3 | 82.4 | 114 |
| style="background: #1b3b66;" | 2011
| 4,318 | 245 | 11,840 | 24.8 | 84.5 | 117 |
| style="background: #1b3b66;" | 2012
| 4,657 | 316 | 11,955 | 25.9 | 85.9 | 124 |
| style="background: #1b3b66;" | 2013
| 5,156 | 508 | 12,163 | 27.4 | 85.6 | 190 |
| style="background: #1b3b66;" | 2014
| 5,368 | 605 | 12,739 | 29.3 | 85.1 | 196 |
| style="background: #1b3b66;" | 2015
| 5,598 | 848 | 13,858 | 31.9 | 84.1 | 212 |
| style="background: #1b3b66;" | 2016
|5,931 |814 |14,760 |41.9 |84.1 |285 |
| style="background: #1b3b66;" | 2017
|7,933 |1,028 |23,156 |44.0 |84.3 |304 |
| style="background: #1b3b66;" | 2018
|8,264 |437 |21,641 |45.8 |83.7 |330 |
| style="background: #1b3b66;" | 2019
|8,781 |769 |22,126 |46.7 |84.1 |332 |
| style="background: #1b3b66;" | 2020
|3,566 |−1,324 |17,596 |17.9 |55.2 |291 |{{efn|Activities and income in 2020 were severely reduced by the impact of the coronavirus pandemic}}{{Cite web |date=February 26, 2021 |title=Alaska Air Group, Inc. 2020 Annual Report (Form 10-K) |url=https://investor.alaskaair.com/static-files/676042ac-140c-4143-9f41-4139632eb056 |access-date=December 18, 2021}} |
| style="background: #1b3b66;" | 2021
|6,176 |478 |19,375 |32.4 |73.6 |311 |
| style="background: #1b3b66;" | 2022
|9,646 |58 |22,564 |41.5 |84.5 |311 |
| style="background: #1b3b66;" | 2023
|10,426 |235 |26,043 |44.6 |83.7 |314 |
| style="background: #1b3b66;" | 2024
!11,735 !395 !33,941 !44.6 !83.9 !392 |
| align=left colspan="8" |{{notelist}} |
= Headquarters =
File:Alaska Airlines 4920s0.jpg]]
The Alaska Air Group headquarters is located at 19300 International Boulevard, SeaTac, Washington, United States.
On May 3, 2018, Alaska Airlines unveiled plans to construct a 128,000-square-foot building near Sea-Tac Airport to provide office space for its growing workforce. The new building will be across the street from Alaska's Corporate Headquarters and adjacent to its Flight Training Center. Construction was expected to be completed by early 2020.{{Cite web |date=May 3, 2018 |title=Alaska Airlines reinforces hometown commitment with office expansion near Sea-Tac Airport |url=https://investor.alaskaair.com/news-releases/news-release-details/alaska-airlines-reinforces-hometown-commitment-office-expansion |access-date=18 March 2020}}
Operations
= Fleet =
Alaska Air Group operates a mix of Airbus, Boeing and Embraer aircraft through its subsidiaries Alaska Airlines, Hawaiian Airlines, and Horizon Air.
As of September 2024, Alaska Airlines' fleet consists of about 235 Boeing 737 aircraft, Hawaiian Airlines' fleet consists of about 18 Airbus A321neo, 24 Airbus A330, 19 Boeing 717 and 2 Boeing 787 aircraft, and Horizon Air's fleet consists of about 44 Embraer 175 aircraft, with the combined fleet under Alaska Air Group's management numbering 342 aircraft.
Alaska Air Group has created a new branding identity for its Horizon Air subsidiary and other independently owned and separately directed affiliate regional airlines it chooses to contract to do regional flying business into markets too limited to be flown only on Alaska Airlines mainline equipment. Among the other airlines now sub-contracted to do additional flying for the Alaska Air Group is SkyWest Airlines, who has about 40 Embraer 175 aircraft dedicated to providing service for the Alaska Airlines are painted in a very similar manner to Horizon's. SkyWest's fleet however, is branded Alaska SkyWest to differentiate that airline's aircraft from those of Horizon Air.{{Cite web |title=Information about the planes we fly |url=http://www.alaskaair.com/as/www2/company/Fleet/Fleet.asp |access-date=October 24, 2017 |website=Alaska Airlines |publisher=Alaska Airlines, Inc.}}
= Route network =
Through Alaska Airlines and Horizon Air, Alaska Air Group services the passenger and cargo markets of the Pacific Northwest with its extensive route network hub through Seattle–Tacoma in Washington state and Portland in Oregon, and the state of Alaska in Anchorage. After the demise of Aloha Airlines and ATA Airlines in 2008, Alaska Air Group expanded heavily centering on Hawaii and other non-airline hub secondary mainland cities and airports, including San Diego and San Jose.{{Cite news |last=Segal |first=Dave |date=February 15, 2013 |title=Alaska Airlines successfully fills voids in Hawaii left by failed airlines |url=https://skift.com/2013/02/15/alaska-airlines-ceo-abates-rumors-that-a-merger-with-hawaiian-could-be-next/ |access-date=June 21, 2017 |work=The Honolulu Star-Advertiser}} After the acquisition of Virgin America in 2016, Alaska Air Group further expanded into California through Virgin America's hubs in San Francisco and Los Angeles.{{Cite web |title=Cities served |url=https://newsroom.alaskaair.com/cities-served |access-date=October 24, 2017 |website=Alaska Airlines |publisher=Alaska Airlines, Inc.}} After the acquisition of Hawaiian Airlines in 2024, Alaska Air Group is expanding into Hawaii through Hawaiian Airlines' hub in Honolulu, making it the second largest hub behind Seattle–Tacoma.{{Cite web |last=Airlines |first=Alaska |date=2024-09-18 |title=Alaska Airlines completes acquisition of Hawaiian Airlines, expanding benefits and choice for travelers |url=https://news.alaskaair.com/company/alaska-airlines-completes-acquisition-of-hawaiian-airlines-expanding-benefits-and-choice-for-travelers/ |access-date=2024-09-18 |website=Alaska Airlines News |language=en-US}}
References
{{Reflist}}
External links
{{Commons category multi | Alaska Airlines | Horizon Air}}
- {{Official|https://www.alaskaair.com}}
{{Finance links
| name = Alaska Air Group, Inc.
| symbol = ALK
| sec_cik = 766421
| yahoo = ALK
| google = ALK:NYSE
}}
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Category:1985 establishments in Washington (state)
Category:Airline holding companies of the United States
Category:Airlines based in Alaska
Category:Companies based in King County, Washington
Category:Companies in the Dow Jones Transportation Average
Category:Companies in the S&P 400
Category:Companies listed on the New York Stock Exchange
Category:Holding companies established in 1985