Alaska Airlines' Weight and Balance System GlitchAlaska Airlines ( NYSE:ALK ) faced a hiccup in its operations as flights were temporarily grounded due to an issue with the system responsible for calculating weight and balance. The incident, which affected both Alaska Airlines ( NYSE:ALK ) and its regional carrier Horizon Air, prompted swift action from the U.S. Federal Aviation Administration (FAA) and sparked concerns among passengers and investors alike.
The Glitch:
On a routine morning, Alaska Airlines ( NYSE:ALK ) encountered an unexpected obstacle during an upgrade to its weight and balance system. This essential component, crucial for ensuring flight safety, malfunctioned, prompting the airline to halt all departures. The ripple effect was felt across the aviation industry, causing disruptions in travel plans and triggering a flurry of activity both on social media and in financial markets.
FAA Intervention:
Recognizing the severity of the situation, the FAA swiftly responded by implementing a ground stop on Alaska Airlines' mainline departures. This precautionary measure, while necessary for ensuring passenger safety, underscored the gravity of the issue at hand. However, it's noteworthy that flights operated by SkyWest, a regional service provider, were exempted from the grounding, highlighting the localized nature of the problem.
Impact on Operations and Investors:
The temporary grounding sent shockwaves through Alaska Airlines' ( NYSE:ALK ) operations, leading to delays and inconvenience for passengers. While the airline assured travelers of efforts to minimize disruptions, the incident undoubtedly left a dent in its reputation for reliability. Investors, too, closely monitored the developments, with shares of Alaska Air Group ( NYSE:ALK ) initially dipping in response to the news before recovering some ground. The rollercoaster ride in stock prices reflected the uncertainty surrounding the incident and its potential ramifications for the company's bottom line.
Road to Recovery:
As Alaska Airlines ( NYSE:ALK ) navigates through the aftermath of the glitch, the focus now shifts to restoring normalcy in operations. The airline's commitment to addressing passenger concerns and swiftly resolving the technical issue is paramount in rebuilding trust and confidence among travelers. Additionally, enhancing system resilience and redundancy measures could mitigate the risk of similar incidents in the future, safeguarding both passenger safety and the company's reputation.
ALK
Widow Makers Airline Stocks Beat the Market by the New YearSince the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF:
● U.S. Global Jets ETF (JETS): +18.56%
● United Airlines (UAL): +37.53%. Zacks EPS estimation: 2.07. Earning release: 1/17/23.
● American Airlines (AAL): +33.62%. Zacks EPS estimation: 0.60. Earning release: 1/26/23.
● JetBlue Airways (JBLU): +26.40%. Zacks EPS estimation: 0.17. Earning release: 1/26/23.
● Alaska Air (ALK): +18.16%. Zacks EPS Est. 0.88. Earning release: 1/26/23.
● Delta Air Lines (DAL): +16.31%. Reported EPS: 1.48 vs 1.29 estimated.
● Southwest Airlines (LUV): +13.15%. Zacks EPS estimation: 0.25. Earning release: 1/17/23.
● Spirit Airlines (SAVE): +6.83%. Zacks EPS estimation: 0.04. Earning release: 2/6/23.
● Boeing (BA): +10.01%. Zacks EPS estimation: 0.29. Earning release: 1/25/23.
● S&P 500: +4.60%
Alaska Air Group (NYSE: $ALK) To Continue Upwards Action! ❄️Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.
ALK.ASX_Breakout Trade_LongENTRY: 1.130
SL: 1.025
TP: 1.255
- ADX>20
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned
- First breakout with high volume on 28 Feb 2022 from down-trendline
- Second breakout today with high volume
- Once clear another down-trendline, it should progress its uptrend
Airlines landing once again?!Pandemic + jet fuel prices + selling pressure will take a toll on the airlines!
In these weekly charts, it is clear that major airlines already are in a Downward channel, and they will retest their previous supports which could be another 10-15% correction in the coming weeks!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Airlines have buyers at these prices!Looking at the trading volume you can see all Major airlines traded with above the average volume at these prices!
I think in the next 4-6 weeks they have the potential to gain +10%!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Airlines landing once again!On November 1st, 2021 I published an analysis for major Airlines, they experienced a +10% gain and start landing again!
And then I perfectly call the resistance:
they could become a long opportunity near their support lines!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Airlines have just find their supports!Most airlines' stocks reacted to their support level and some of them have just broken above the downward trend line..!
It seems Delta and United could perform better than others if there is a relief rally..!
A relief rally is a respite from a broader market sell-off that results in temporarily higher securities prices. Relief rallies often occur when anticipated negative news winds up being positive or less severe than expected. (Investopedia)
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
AAL - Airlines recovery, BUY opportunityWe can see a nice wedge breakouts on rising volume in airlines.
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00
ALK. Adding to my watchlist. Not looking to trade in the near future. I think the 1-5 elliot waves here are highly textbook. For me, the correction is where a lot more uncertainty becomes involved.
This can be seen with just how many different types of correction formations there are, as opposed to the 1-5 wave which is fairly universal. I feel like I am still guessing a lot with the correction.
This is totally for entertainment of course, I don't have the patience to trade these long holds. But, if I keep doing this with my free time I'm thinking I can eventually get to the point where I'm taking a lot fewer trades.
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Something that won't shut up in my mind is that it's right near the 50 MA. I can't seem to prove that one right or wrong. I feel like it's always good for hindsight trading, but I haven't had success using it as support going forward. This is a painfully long process...
ALASKA AIR GROUP Might Be Targeting Previous GAP-UP LevelAlaska Air Group is now pulling back after a good rally up. The stock might be targeting to close the gap-up created to. A buy at this level could be profitable on the stock for a swing trade...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Examining expired Machine Generated Signals.Examining expired Machine Generated Signals.
www.signalclub.io
IXB Short ! 72.39%, OCT19 WK2
=> Up from.. 76.82 to.. 74.63
DG Long ! 61.73%, OCT19 WK2
=> Up from.. 160.97 to.. 164.
ALK Long ! 61.73%, OCT19 WK2
=> Up from.. 63.51 to.. 67.52.
UGAZ Long ! 61.73%, OCT19 WK2
=> Down from.. 14.96 to.. 12.38. MISSED.
This is one of the Past Signal published for 2nd WK, OCT.
(Effective Date Oct 6~11)
$ALK is set to rally, bear trapped by good ER move.1. $ALK for the last few weeks was getting ready to breakout above long term resistance line. However, unknown result was keeping stock under the resistance line. Indicators however was showing more and more strength.
2. Stock currently above all MA's , 9,21, 50 100 and 200.
3. Right before earnings we had "golden cross" of 50 SMA crossing 200 SMA. $ALK rallied on that signal but was attacked the next day by shorts betting on fear before ER.
4. Now, as many institutions will re-balance their portfolios into the end of the month and move money into new positions we will see upgrades and higher prices for this solid stock.
5. Day before ER short volume was 60%. Now they have to get out and the only way out, to push it higher because is they do not cover, money inflow will force them out at higher prices. Cut your loss guys and move on.
Airlines price targets - non-MAX operators BULL** Credit Suisse says non-MAX operators such as Delta Air Lines, Spirit Airlines, JetBlue Airways and Alaska Air Group to benefit most from reduced supply levels in the form of higher load factors and fares
** LUV and AAL combined have the highest exposure to MAX fleet in U.S.
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Price targets / analysts:
CS downgrades American Airlines Group Inc to "underperform" form "neutral", cuts PT to $30 from $32, citing extended grounding's of MAX jets and ongoing mechanics labor dispute
Cuts PT for Southwest Airlines Co to $51 from $53, while also lowering 2019 EPS estimate to $4.07 from $4.45 due to the airline's inability to capitalize on market demand
Upgrades JBLU to "neutral" from "underperform", raises PT to $19 from $16 due to strong seasonal leisure demand and continued execution of cost and revenue initiatives
Raises PT for United Airlines Holdings Inc to $113 from $111 despite its smaller MAX exposure compared to LUV and AAL