Alaska Air Group, Inc.’s ALK wholly owned subsidiary Alaska Airlines has announced a new daily non-stop service between Seattle-Tacoma International Airport and John Glenn Columbus International Airport in Ohio. Operations on the route are expected to begin Mar 7, next year. Notably, this non-stop service would be the only one operating between the Pacific Northwest and Central Ohio. Alaska Airlines’ A320 aircraft will ply on the said route.
The latest expansion initiative lays an emphasis on the company’s commitment to continue expanding across the West Coast. Early last month, the carrier launched a nonstop service between Mineta San Jose International Airport and New York’s John F. Kennedy International Airport. In yet another West Coast expansion endeavor, the carrier in June, announced a new nonstop service between Sacramento, CA and Kona on Hawaii's Big Island. The single service connecting both places is expected to be operational on Dec 20.
The carrier at present operates 31 flights daily from the West Coast to 10 Midwest cities including Chicago, Detroit, Indianapolis, Kansas City, Milwaukee, Minneapolis, Oklahoma City, Omaha, St. Louis and Wichita. Alaska Airlines serves 89 destinations from its main West Coast hub at Seattle. With the addition of Columbus in spring 2019, the tally would be 90.
Tickets on the Seattle-Columbus roundtrip flights are currently on sale.
Zacks Rank & Key Picks
Alaska Air carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Transportation sector are GATX Corporation GATX, Trinity Industries, Inc. TRN and SkyWest, Inc SKYW. While GATX holds a Zacks Rank #2 (Buy), Trinity and SkyWest sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of GATX, Trinity and SkyWest have rallied more than 40%, 25% and 86%, respectively, in a year.
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