Is Alaska Air Group Stock a Buy?
Alaska Air Group (NYSE: ALK) isn't the best-known airline nationally, but for years it has quietly been one of the industry's top performers, flying passengers up and down the west coast and blanketing the Pacific Northwest with flights.
The airline flew into some turbulence in 2016 when it won a bidding war to acquire Virgin America, but entered 2020 with the integration largely complete, and Alaska once again focused on its core historical markets.
The COVID-19 pandemic has changed everything for Alaska and the rest of the airline sector, causing travel demand to evaporate and starving the industry of revenue. Shares of Alaska have lost nearly 50% of their value year to date, and the airline has cut 80% of its planned capacity heading into June.
Source Fool.com
