Alaska Air and IAM tentatively agree on new five-year contract Alaska Airlines and the International Association of Machinists and Aerospace Workers have reached tentative agreement on a new five-year contract for the carrier's 2,500 clerical, office and passenger service employees. The proposed contract includes pay raises and job security provisions, among other improvements.
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.