Alaska Competitors

ALK Stock  USD 40.98  0.32  0.77%   
Alaska Air Group competes with Delta Air, United Airlines, American Airlines, JetBlue Airways, and Spirit Airlines; as well as few others. The company runs under Passenger Airlines sector within Industrials industry. Analyzing Alaska Air competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Alaska Air to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Alaska Air Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Alaska Air competition on your existing holdings.
  
At this time, Alaska Air's Return On Tangible Assets are quite stable compared to the past year. Return On Assets is expected to rise to 0.02 this year, although the value of Return On Capital Employed will most likely fall to 0.05. At this time, Alaska Air's Fixed Asset Turnover is quite stable compared to the past year. Return On Assets is expected to rise to 0.02 this year, although the value of Other Assets will most likely fall to about 325.4 M.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alaska Air's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
38.9940.9342.87
Details
Intrinsic
Valuation
LowRealHigh
36.8845.7747.71
Details
12 Analysts
Consensus
LowTargetHigh
46.9451.5857.25
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-1.12-1-0.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alaska Air. Your research has to be compared to or analyzed against Alaska Air's peers to derive any actionable benefits. When done correctly, Alaska Air's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alaska Air Group.

Alaska Air Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alaska Air and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Alaska and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Alaska Air Group does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
ULCCJBLU
SKYWJBLU
SKYWDAL
SKYWULCC
JBLUDAL
UALDAL
  
High negative correlations   
SKYWSAVE
ALGTDAL
ALGTSKYW
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Risk-Adjusted Indicators

There is a big difference between Alaska Stock performing well and Alaska Air Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alaska Air's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Alaska Air Group and related stocks such as Delta Air Lines, United Airlines Holdings, and American Airlines Net Income Over Time
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201020112012201320142015201620172018201920202021202220232024
DAL47.3 M854 MB10.5 B659 M4.5 B4.4 B3.2 B3.9 B4.8 B(12.4 B)280 M1.3 B4.6 B4.8 B
UAL142 M840 M(723 M)571 M1.1 B7.3 B2.3 B2.1 B2.1 BB(7.1 B)(2 B)737 M2.6 B2.7 B
AAL345.8 M(2 B)(1.9 B)(1.8 B)2.9 B7.6 B2.7 B1.9 B1.4 B1.7 B(8.9 B)(2 B)127 M822 M863.1 M
JBLU(13.8 M)86 M128 M168 M401 M677 M759 M1.1 B188 M569 M(1.4 B)(182 M)(362 M)(310 M)(294.5 M)
SAVE33.3 M76.4 M108.5 M176.9 M225.5 M317.2 M264.9 M420.6 M155.7 M335.3 M(428.7 M)(472.6 M)(554.1 M)(447.5 M)(425.1 M)
LUV47.3 M178 M421 M754 M1.1 B2.2 B2.2 B3.5 B2.5 B2.3 B(3.1 B)977 M539 M465 M592.3 M
ULCC140 M140 M140 M140 M140 M146 M200 M80 M80 M251 M(225 M)(102 M)(37 M)(11 M)(10.4 M)
SKYW2.4 M(27.3 M)51.2 M59 M(24.2 M)117.8 M(161.6 M)428.9 M280.4 M340.1 M(8.5 M)111.9 M73 M34.3 M32.6 M
ALGT(1.3 M)49.4 M78.6 M92.3 M86.7 M220.4 M219.6 M194.9 M161.8 M232.1 M(184.1 M)151.9 M2.5 M117.6 M83 M

Alaska Air Group and related stocks such as Delta Air Lines, United Airlines Holdings, and American Airlines Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Alaska Air Group financial statement analysis. It represents the amount of money remaining after all of Alaska Air Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Alaska Air Competitive Analysis

The better you understand Alaska Air competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alaska Air's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Alaska Air's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ALK DAL UAL AAL JBLU SAVE LUV ULCC SKYW ALGT
 0.77 
 40.98 
Alaska
 0.45 
 46.65 
Delta
 1.82 
 41.04 
United
 1.60 
 12.94 
American
 0.59 
 6.79 
JetBlue
 6.46 
 4.45 
Spirit
 1.09 
 27.84 
Southwest
 0.60 
 6.76 
Frontier
 1.21 
 66.90 
SkyWest
 0.82 
 60.75 
Allegiant
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Alaska Air Competition Performance Charts

Five steps to successful analysis of Alaska Air Competition

Alaska Air's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Alaska Air Group in relation to its competition. Alaska Air's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Alaska Air in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Alaska Air's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alaska Air Group, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Alaska Air position

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When determining whether Alaska Air Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Alaska Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:

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When running Alaska Air's price analysis, check to measure Alaska Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alaska Air is operating at the current time. Most of Alaska Air's value examination focuses on studying past and present price action to predict the probability of Alaska Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alaska Air's price. Additionally, you may evaluate how the addition of Alaska Air to your portfolios can decrease your overall portfolio volatility.
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Is Alaska Air's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alaska Air. If investors know Alaska will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alaska Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.484
Earnings Share
1.83
Revenue Per Share
81.853
Quarterly Revenue Growth
0.03
Return On Assets
0.0355
The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.