Investors need to pay close attention to Alaska Air Group (ALK) stock based on the movements in the options market lately.
United Airlines (UAL) and Alaska Airlines, the wholly-owned subsidiary of Alaska Air Group (ALK), make customer-friendly announcements over the past week.
Stocks rocketed higher on Thursday following a government report that showed inflation eased last month, leading investors to hope the Federal Reserve might be able to slow rate hikes sooner rather than later. Airlines, a sector that historically has suffered during an economic slowdown, outperformed the broader averages. Shares of JetBlue Airways (NASDAQ: JBLU) traded up as much as 9%, while shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV) and Alaska Air Group (NYSE: ALK) were all up 4% or more as well.