Alaska Air group reports June traffic up 7.5% Alaska reported an 8.1% increase in traffic on an 8.6% increase in capacity compared to June 2012. This resulted in a 0.5 point decrease in load factor to 87.4%. Alaska also reported 87.4% of its flights arrived on time in June, compared to the 88.4% reported in June 2012. On a combined basis, Air Group reported a 7.5% increase in traffic on a 7.5% increase in capacity compared to June 2012.
Alaska Air downgraded to Underweight from Neutral at JPMorgan JPMorgan downgraded Alaska Air to Underweight saying competition in the company's markets is likely to increase and that it sees greater upside potential in peers. The firm lowered its price target for shares to $51 from $53.50.
Alaska Air downgraded at Buckingham As previously reported, Buckingham downgraded Alaska Air (ALK) to Neutral from Buy. The analyst sees increased risk next year to Delta's (DAL) new focus on domestic capacity in Seattle.