Latest news with #airlineoperations
Al Arabiya
4 days ago
- Business
- Al Arabiya
Alaska Airlines grounds all flights, citing IT outage
US carrier Alaska Airlines grounded all of its flights after experiencing an IT outage on Sunday that impacted its systems, the company said, without specifying the nature of the outage. 'At approximately 8 p.m. Pacific on Sunday (0300 GMT on Monday), Alaska Airlines experienced an IT outage that's impacting our operations. We requested a temporary, system-wide ground stop for Alaska and Horizon Air flights,' Alaska said in an emailed statement to Reuters on Sunday evening. The Seattle-based airline said there would be residual impacts to its operations throughout the evening, without providing more specific details. The FAA did not immediately respond to Reuters' requests for comment outside regular business hours. The FAA status page showed all destinations being impacted by the ground stop of Alaska's mainline aircraft, and Horizon's ground stop. Alaska Air Group maintains an operational fleet of 238 Boeing 737 aircraft, and 87 Embraer 175 aircraft, according to its website. In June, Alaska Air Group-owned Hawaiian Airlines said some of its IT systems were disrupted by a hack. Alaska Air Group said it was still determining the financial impact of the hack.
Yahoo
4 days ago
- Business
- Yahoo
Alaska Airlines is requesting a ground stop for its entire fleet because of an IT outage
Alaska Airlines on Sunday asked to ground its entire fleet of aircraft. The airlines said it experienced an IT outage that was affecting its operations. It said the outage would have "residual impacts" for the rest of the evening. Alaska Airlines asked to ground its entire fleet of aircraft on Sunday because of an IT outage. The Federal Aviation Administration said in an advisory on Sunday evening that Alaska Airlines had requested a "ground stop on all Alaska mainline aircraft." "At approximately 8 p.m. Pacific on Sunday, Alaska Airlines experienced an IT outage that's impacting our operations," an Alaska Airlines representative said in a statement to BI. "We requested a temporary, system-wide ground stop for Alaska and Horizon Air flights until the issue is resolved," the statement said, adding that there would be "residual impacts" to the airlines' operations throughout the evening. The company did not respond to BI's query about how many flights would be affected or whether any ongoing flights were interrupted. Per its website, Alaska Airlines has a fleet of 238 Boeing 737 aircraft and 87 Embraer 175 aircraft. "We are experiencing issues with our IT systems. We apologize for the inconvenience and are working to resolve the issues," a notice posted at the top of the airline's website said at press time. Representatives for the FAA did not respond to a request for comment from Business Insider. This is a developing story. Check back for updates. Read the original article on Business Insider Solve the daily Crossword
Yahoo
11-07-2025
- Business
- Yahoo
Evercore ISI Upgrades Allegiant Travel (ALGT) Stock to Outperform
Allegiant Travel Company (NASDAQ:ALGT) is one of the Top 10 Transportation and Industrial Stocks to Buy Now. Evercore ISI upgraded the company's stock to 'Outperform' from 'In Line' with a price objective of $75, as reported by The Fly. This upgrade comes amidst the company's plans to sell its Sunseeker Resort, enabling it to focus entirely on the leisure-focused airline operations. Therefore, the firm cited business model simplification as a critical factor in the decision to upgrade Allegiant Travel Company (NASDAQ:ALGT)'s stock. A busy airport terminal with travelers passing through on their leisure travels. Allegiant Travel Company (NASDAQ:ALGT)'s core business has a flexible model with the capability to adjust capacity on the basis of demand, and such strengths were less visible recently. The firm sees 2025 as a transition year as the company grows into the infrastructure investments already made. With the expected hotel sale and a more modest capacity growth expected into 2026, the firm opines that Allegiant Travel Company (NASDAQ:ALGT) remains well-placed to restore its core earnings power. Notably, Blackstone and Allegiant Travel Company (NASDAQ:ALGT) announced that funds affiliated with Blackstone Real Estate have decided to acquire Sunseeker Resort Charlotte Harbor for $200 million. Allegiant Travel Company (NASDAQ:ALGT) is a leading player in the broader industrials sector since it provides air transportation services. Diamond Hill Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'Other bottom Q1 contributors included First Advantage, Civitas Resources and Allegiant Travel Company (NASDAQ:ALGT). Regional airline Allegiant Travel fell against a challenging macroeconomic backdrop and concerns about consumer spending, which could hurt customer demand. Further, there are some concerns the recently announced US tariffs could impact Boeing's ability to deliver new planes to Allegiant as expected. However, we maintain our conviction in Allegiant's resiliency in the long term and are maintaining our position.' While we acknowledge the potential of ALGT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
