Alaska Airlines financial reports and earnings announcements

Alaska Airlines to Launch 12 New International Flights, Targeting $1 Billion Profit Boost

Dec 10, 2024, 03:30 PM

Alaska Airlines, now combined with Hawaiian Airlines, is embarking on a significant expansion of its international routes. The airline plans to introduce at least 12 new long-haul flights from Seattle-Tacoma International Airport (Sea-Tac) by 2030, targeting destinations in Asia. This strategic move includes the launch of non-stop flights to Tokyo and Seoul in 2025, marking Seattle as a 'new global gateway' for the airline. The expansion is part of a broader plan to increase its international presence, facilitated by the $1.9 billion acquisition of Hawaiian Airlines in September. Alaska Air Group aims to boost its profits by $1 billion post-merger, leveraging its new Pacific routes and wide-body planes. The airline's stock saw an 11% pre-market increase following the announcement of its growth strategy at an Investor Day event.