Alaska Air reports January operational results Alaska Airlines reported a 3.1% increase in traffic on a 3.3% increase in capacity compared to January 2013. Horizon Air reported a 2.4% increase in traffic on a 3.6% increase in capacity compared to January 2013. On a combined basis, Air Group reported a 3.4% increase in traffic on a 3.9% increase in capacity compared to January 2013.
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.