Portland Could Be Alaska Air's Top Growth Priority in 2018
Alaska Air (NYSE: ALK) has historically deployed the bulk of its capacity in its hometown of Seattle. It is the largest carrier there by a wide margin, operating roughly 290 daily departures to 90 destinations. However, for the past several years, it has faced rising competition from Delta Air Lines (NYSE: DAL), which now operates 166 peak-day departures from Seattle.
More recently, Alaska Air has focused on growing in California, following its acquisition of smaller rival Virgin America. In the second half of 2017, it has launched more than a dozen new routes from the Bay Area, as it challenges local market leader United Continental.
For 2018, Alaska has indicated that it will slow its growth and focus most of its route expansion on the Pacific Northwest. With Seattle-Tacoma International Airport becoming increasingly crowded because of Delta's growth, this could mean that Portland, Oregon, will be getting some new routes next year.
Source: Fool.com
Alaska Air Group Inc. Stock
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