Alaska Airlines is to join the oneworld alliance (the 3rd biggest airline alliance after Star Alliance and SkyTeam), becoming its 14th member. This will include its subsidiary Horizon Air and regional partner SkyWest Airlines, who will be affiliate members. It will attempt to join oneworld by the end of this year. It will be the 2nd US-based airline to become part of oneworld, after American Airlines, who is 1 of 5 airlines who created the alliance in 1998. Brad Tilden, the CEO of Alaska Airlines, has announced: “We’re excited to become a member of oneworld, the industry’s premier alliance, and honoured to receive this invitation. This milestone will improve connectivity and service for our guests throughout the West Coast and beyond. oneworld will open up a tremendous international network for our business and leisure travellers when they’re ready to start flying overseas again, in addition to greater connectivity around the U.S. through our network for international visitors. We’re eager to build deeper ties with the six oneworld members we already cooperate with, and looking forward to working with new partners that are some of the best airlines in the world.” Although this statement is positive, Alaska Airlines’ financial situation isn’t. During Q2, the Seattle-based airline reported a total loss of $214 million, adding to the $232 million one in Q1. As of 17:18 (CET) today, Alaska Airlines’ share price is at $35.40, down 3.49% from where it closed yesterday, which was at $36.67. A good time to sell… 24th of July 2020.
Aeronews24 