Alaska Air introduces ‘Alaska Accelerate’, 2027 targets at investor day

Alaska Air (ALK) will host its previously announced investor day at 1 p.m. Eastern time in New York City. In its first presentation since acquiring Hawaiian Airlines, the company will unveil Alaska Accelerate, its vision for the combined company, including how it will power commercial performance and achieve medium-term financial targets. Significant investments in the commercial organization revolve around four main goals: enabling the power of an expanded network by opening a global gateway in Seattle with long-haul widebody aircraft, blending two route networks to optimize connections as Alaska and Hawaiian now operates over 1,400 daily flights to over 140 cities; providing Hawai’i residents access to an expanded network and a dedicated loyalty program; investing in its existing end-to-end premium experience including enhanced airport lobbies and lounges in hubs, expanded premium seat capacity, a new loyalty platform and a premium credit card offering. The company’s new 2027 financial targets will include: $1B in incremental profit; earnings per share of at least $10; double digit pretax profit margins 11%-13%; no margin dilution in year one following the merger and synergy estimates doubled to at least $500M.