Previous close | 21.70 |
Open | 11.64 |
Bid | 16.70 |
Ask | 20.40 |
Strike | 25.00 |
Expiry date | 2026-01-16 |
Day's range | 11.64 - 21.70 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Alaska Airlines on Tuesday lost an appeal in an approximately $160 million trademark case with Virgin Group, after a London court last year ruled Virgin was entitled to royalties even though the U.S. airline no longer uses the Virgin brand. Virgin units Virgin Aviation TM Ltd and Virgin Enterprises Ltd successfully argued Alaska is liable to pay a roughly $8 million "minimum royalty" payment every year until 2039. It said a 2014 trademark licence agreement between Virgin and Virgin America Inc, which was acquired by Alaska's parent company in 2016, required the annual payment even if Alaska stopped using its branding.
Elliott's decision to hold a stake in Southwest (LUV) comes while the airline is suffering from multiple woes.
Alaska Air (ALK) expects that its busiest days in the summer season will be before and after Jul 4.