UBS has issued a Buy rating for Alaska Air Group, setting a price target of $72.00, citing expected revenue growth from premium services and synergies from the Hawaiian Airlines acquisition. Analysts forecast a 65% increase in earnings per share by 2026, supported by a reduction in competitor capacity. Following strong Q3 results, Alaska Air's market capitalization stands at $6.78 billion, with a notable quarterly revenue growth of 8.21%.
Delta Air Lines CEO Ed Bastian expressed optimism about the Trump administration"s regulatory approach, calling it a potential "breath of fresh air." He criticized the current Department of Transportation for overreach, particularly regarding consumer protection rules and scrutiny of airline loyalty programs. Other airline executives echoed the need for stability and resources to enhance air traffic control and infrastructure, anticipating a more favorable environment for mergers under the incoming administration.
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