Alaska Air Group Inc.’s (ALK - Free Report) wholly owned subsidiary, Alaska Airlines, has begun daily, nonstop services from San Jose, CA to Austin, TX and Tucson, AZ. Following these additional flights, the company expands its presence in California, offering nonstop services to 18 destinations from Mineta San Jose International Airport.
The flights are add-ons to the previously announced routes from San Jose to Newark, NJ; Burbank, CA and Los Angeles, CA. Flights connecting San Jose with Newark began on Mar 12 and that plying between San Jose and Burbank started on Mar 16. The service between San Jose and Los Angeles is expected to begin from Sep 20.
Annabel Chang, Vice President, Alaska Airlines, Bay Area, claims that with the services on offer, the airline will operate 131 daily nonstop flights to 42 destinations from the major Bay Area airports by this year-end.
The carrier continues to spread wings across the United States. It introduced services to Mexico Cityfrom San Francisco and Los Angeles this month. The airline also intends to launch a service from San Diego to Mexico City ahead in November.
Zacks Rank & Key Picks
Alaska Air Group currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in airline space are Air France-KLM SA (AFLYY - Free Report) , Deutsche Lufthansa AG and SkyWest, Inc. (SKYW - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM and Deutsche Lufthansa have gained more than 100% in a year, while SkyWest shares have rallied 20.6% over the same time frame.
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