Alaska Air (ALK)
did its part, and a little more, for the fourth quarter, and guidance
for 2019 looked fine, but I suspect investors didn't like management's
comments about recent volatility in fares, and I think concerns related
to the ongoing government shutdown are playing into the stock as well.
While I do believe Alaska Air is undervalued and well-positioned to
generate above-average growth in 2019 as it leverages the benefits of
the Virgin deal and pursues some new ancillary revenue opportunities, a
weaker economy and a more competitive airline sector loom as risks, and
investors shouldn't underestimate the challenge it can be to outperform a
weaker sector.
Read the full article:
Alaska Air Doing Its Part, But Investors Seem More Nervous About Airlines
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