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Pilots close to striking over poor working conditions with Alaska Airlines

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Pilots close to striking over poor working conditions with Alaska Airlines


In a unanimous choice, the Alaska Airways Air Line Pilots Affiliation‘s (ALPA) Grasp Government Council (MEC) voted to authorize a strike, permitting the chance for pilots to strike for the primary time within the firm’s 90-year historical past.

The vote got here after an informational picket was held on April 1, with greater than 1,500 people in help of the airline pilots’ trigger.

This strike, if handed, would come with all Alaska Airways pilots.

Alaska Airways cancels a minimum of 71 Sea-Tac flights as pilots picket over ‘work guidelines frozen in time’

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“We actually hope to achieve an settlement so the general public isn’t inconvenienced,” MEC Chairman Captain Will McQuillen stated. “To be clear, we’re not at present on strike, but when one is permitted by the Nationwide Mediation Board, it might have a considerable impression since all Alaska pilots can be on strike.”

The council’s vote to permit the union to strike can happen as soon as all different technique of contract negotiations are exhausted. The voting interval will happen from Could 9 till Could 25.

ALPA has been in negotiations for 3 years with Alaska Airways, with irritating outcomes, in accordance with McQuillen.

“The strike is absolutely avoidable,” McQuillen stated. “What we’re looking for is in place at each competing airline.”

The pilots’ calls for revolve round flexibility in schedule, a greater work/life steadiness, fewer mid-flight modifications in routes and journeys, and job safety.

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Staffing at Alaska Airways continues to be a major situation, as pilots, each new and skilled, are leaving for different profession alternatives at different airways.

“Now that we’re hiring throughout the corporate once more with a watch on progress, we’re additionally centered on investing in and caring for our various workforce,” Alaska Airways CEO Ben Minicucci stated in a testimonial in entrance of the Senate Commerce Science and Transportation Committee in December 2021. “We’re monitoring and studying about how the workforce is altering and the way we are able to help them as they maintain friends and function a robust airline. We are going to see challenges and alternatives as we glance to satisfy demand, however I’m assured that we are able to all collaborate once more and guarantee we proceed to have a world-class, extremely certified and proficient aviation workforce.”

The huge turnover amongst pilots at Alaska Airways lead the workers to spend roughly half the coaching capability on new and alternative pilots, stopping the airline’s means to develop. “Throughout exit interviews, time and time once more pilots are leaving to different carriers for higher high quality of life,” McQuillen stated.

The pandemic added additional stress to contract negotiations, requiring pilots to make much more substantial sacrifices for the airline to succeed

“Early within the pandemic, the pilots’ union provided options to avoid wasting Alaska pilot jobs and preserve the corporate aggressive” a press launch from the union learn. “The plan included revolutionary voluntary leaves of absence in lieu of pressured furloughs. This saved the corporate important bills and — most significantly — allowed it to shortly return to full capability. Moreover, many senior pilots selected to retire early as their closing contribution to Alaska Airways’ success and to make sure junior pilots saved their jobs.”

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McQuillen, a pilot for Alaska Airways for the previous 16 years, has observed a change in priorities from the corporate, leading to a deteriorating workforce and depleting morale.

“There’s been a degradation in tradition with each entrance line staff and pilots,” McQuillen stated. “There was a shift in focus in the direction of shareholders and the outcomes are the place we’re proper now.”

Captain David Campbell, the strategic communications chairman for the MEC whose 31-year piloting profession features a 20-year tenure with Alaska Airways, agrees with McQuillen’s sentiment.

“It’s by no means been nice, however all industries have their ups and downs, and it’s comprehensible your complete world needed to tighten its belt, however what pilots are seeing is their friends have all the pieces they’re making an attempt to attain,” Campbell stated. “It turns into more and more irritating to hearken to the corporate’s narrative that they’d be at a aggressive drawback. It’s arduous to not be discouraged with how the corporate is speaking and treating us.”

Minicucci as soon as stated, “we’ve by no means put our pilots on the prime” throughout an on-the-record testimony in August 2017.

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Campbell credit the union’s persistence in negotiations, together with the choice to rent a 3rd occasion for personal mediation, which he described as “ineffective and disappointing.”

Union concrete staff, suppliers attain truce with out scheduling new contract talks

“We have now been diligent in offering the corporate time to make this deal,” Campbell stated. “And the final time we met, they used the phrase ‘deadlock.’ ”

“The pilot group feels pushed,” McQuillen continued. “Nobody desires to strike, however a strike is turning into mandatory. We have now executed the homework, why received’t they?”

If the state of affairs stays at an deadlock, President Biden would have a possibility to intervene as a result of Railway Labor Act. The act states that the Presidential Emergency Board can become involved when important transportation companies are threatened with a 30-day assessment of the state of affairs and a following 30-day “cooling off” interval to assist each side come to an settlement and keep away from a strike, administration lockout, or tried unilateral imposition of labor guidelines.

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Alaska

Many Alaska lawmakers remain unopposed with election filing deadline looming

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Many Alaska lawmakers remain unopposed with election filing deadline looming


With days remaining before the filing deadline for Alaska’s legislative candidates, more than a third of the state’s 40 House members are poised to run for reelection unopposed.

Candidates have until June 1 to formally declare their intent to run with the Alaska Division of Elections. Some candidates wait until the last minute to file their paperwork. But in large swaths of the state, lawmakers could keep their seats with little or no competition.

The 2022 election led to the largest freshman class of lawmakers in two decades, with 20 out of 60 lawmakers new to the Alaska Legislature. The change was brought about in part by a one-a-decade redistricting process that put multiple incumbents in the same districts, and allowed newcomers to run outside the shadow of longtime politicians.

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But 2024 is set to bring far less turnover. In the Senate, every incumbent up for reelection has indicated an intention to run again. In the House, only three lawmakers have indicated they don’t plan to attempt to keep their seats — creating limiting possibilities for open races.

Rep. Jennie Armstrong, D-Anchorage, whose Alaska residency was challenged during the 2022 election cycle, is not running again. Democrat Carolyn Hall is currently the only candidate registered to run for the seat.

Rep. Laddie Shaw, R-Anchorage, is retiring this year at the age of 75. Multiple candidates have indicated they could run for the seat, including Girdwood Republican Lee Ellis, a craft brewery president, and Ky Holland, a nonpartisan candidate and entrepreneur.

Rep. Ben Carpenter, R-Nikiski, is not seeking reelection to his House seat, instead running for a Senate seat against incumbent Sen. Jesse Bjorkman. The two Republicans differ on key issues, including education funding. Bjorkman voted to override Gov. Mike Dunleavy’s veto of a bill that would have permanently increased education spending, while Carpenter voted to sustain Dunleavy’s veto.

Two Republicans have registered to run for Carpenter’s seat — Ben Elam and John Hillyer, both of Soldotna. Elam is a member of the Kenai Peninsula Borough Assembly. Hillyer is a retired Air Force general and pilot.

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Rep. Jesse Sumner, R-Wasilla, said Thursday that he was still undecided on whether he would run again, after winning the open seat in 2022 a four-way Republican race. He said he was weighing several factors, including his family and his business, and would likely decide whether to run close to the June 1 deadline.

Where incumbents do face challengers, several races promise repeats of 2022 match-ups.

Rep. Tom McKay, R-Anchorage, will again face Democrat Denny Wells. In 2022, McKay beat Wells in a ranked choice tabulation by seven votes, and the race is again expected to be very tight this year.

Rep. Stanley Wright, R-Anchorage, has indicated he plans to run again. So has Democrat Ted Eischeid, who in 2022 lost to Wright by 72 votes.

Rep. Dan Ortiz, I-Ketchikan, is again facing Republican challenger Jeremy Bynum. In 2022, Ortiz beat Bynum by 343 votes.

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Rep. Julie Coulombe, R-Anchorage, will again face nonpartisan candidate Walter Featherly. In 2022, Featherly received over 45% of the vote but was bested by Coulombe in a ranked choice tabulation, after third-place Republican finisher Ross Bieling was eliminated.

Rep. Cliff Groh, D-Anchorage, will face Republican David Nelson. Groh bested Nelson in 2022, when Nelson garnered 44% of votes in the district.

Rep. Neal Foster, D-Nome, will face Tyler Ivanoff, a member of the Alaska Independence Party from Shishmaref. In 2022, Foster beat Ivanoff by 92 votes.

Sen. James Kaufman, R-Anchorage, will face Democrat Janice Park, who lost to Kaufman by more than 1,300 votes in 2022.

Sen. Kelly Merrick, R-Eagle River, is set to again face Republican Ken McCarty, along with two other Republican challengers. McCarty, a former House member, ran to the right of Merrick in 2022, and lost to her by more than 2,400 votes.

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At stake for challengers hoping to unseat incumbents is control of the Alaska House and Senate. The Senate is governed by a 17-member bipartisan coalition that is likely — though not guaranteed — to survive the coming election. But in the House, Republicans narrowly gained control of the chamber in 2023 thanks to support from four non-Republican members of the Bush Caucus, which represents rural districts. Control of the chamber could easily flip, many say, if one or more seats currently held by Republicans are won by Democrats or nonpartisan candidates.

A single seat can make a difference in control of the Legislature and in the outcome of key legislation, as lawmakers learned earlier this year, when they failed by a single vote to override Dunleavy’s veto of the education bill.

In District 6, incumbent Rep. Sarah Vance, R-Homer, faces multiple challengers — including nonpartisan candidate Brent Johnson, who is currently the Kenai Peninsula Borough Assembly president. Announcing his legislative bid earlier this month, Johnson cited Vance’s decision not to override the governor’s veto of the education bill, which was broadly supported by public school educators across the state.

The announcement foreshadows what lawmakers have discussed behind closed doors ever since Dunleavy vetoed Senate Bill 140 earlier this year: that opposition to veto override vote would come back to haunt some Republican incumbents in their reelection bids.

Johnson said in an interview last week that he had first considered running for the Legislature more than a decade ago. But he enjoyed working on his local borough assembly and living in his Clam Gulch home.

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“I didn’t want to change any of that. And I held that position consistent, even though people asked me to run several times, until the failure to override the governor’s veto of education funding,” Johnson said.

Vance is a conservative member of the current Republican-dominated majority, and a key backer of Dunleavy’s policies. Johnson said that if elected, he would look to join a bipartisan caucus, and to rebuke some of Dunleavy’s policies, including in the areas of education and fishery management.

The Kenai Peninsula is not the only place where the veto override vote has motivated some challengers to enter a race.

In District 40, which includes the North Slope and Northwest Alaska, Robyn Burke, an Utqiagvik Democrat, said she decided to run for the state House after Rep. Thomas Baker, R-Kotzebue, became one of several Republicans who initially voted in favor of the education legislation but later voted to sustain Dunleavy’s veto.

“Baker’s vote virtually assured deep education cuts that make it improbable to adequately staff our schools or provide basic materials,” Burke, the North Slope Borough School District board president, wrote in an op-ed that appeared in the Daily News.

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Burke is one of two challengers who have so far indicated they plan to run against Baker, along with Kotzebue city mayor Saima Chase. Baker was appointed to the seat by Dunleavy after former Rep. Josiah Patkotak was elected North Slope Borough Mayor last year. Baker had not yet filed to run for the seat as of Thursday and did not respond to a message asking if he intended to. Earlier this month, Baker announced on social media that he would change his party affiliation from Republican to undeclared “to more effectively address the specific needs” of his constituents.

The primary election is set to take place on Aug. 20. Under Alaska’s election system, the top-four vote getters in every legislative race, regardless of political party, advance to the general election.

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Principal Securities Inc. Buys Shares of 1,006 Alaska Air Group, Inc. (NYSE:ALK)

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Principal Securities Inc. Buys Shares of 1,006 Alaska Air Group, Inc. (NYSE:ALK)



Principal Securities Inc. bought a new stake in Alaska Air Group, Inc. (NYSE:ALK – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,006 shares of the transportation company’s stock, valued at approximately $39,000.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Alaska Air Group by 1,676.8% in the fourth quarter. International Assets Investment Management LLC now owns 149,089 shares of the transportation company’s stock valued at $58,250,000 after buying an additional 140,698 shares during the period. Wellington Management Group LLP grew its position in shares of Alaska Air Group by 16.3% in the third quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock valued at $94,712,000 after purchasing an additional 358,749 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Alaska Air Group in the fourth quarter valued at $2,813,000. Deutsche Bank AG grew its position in shares of Alaska Air Group by 63.4% in the third quarter. Deutsche Bank AG now owns 366,619 shares of the transportation company’s stock valued at $13,594,000 after purchasing an additional 142,310 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Alaska Air Group by 4.2% in the third quarter. Northern Trust Corp now owns 1,024,259 shares of the transportation company’s stock valued at $37,980,000 after purchasing an additional 41,068 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on Alaska Air Group from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. TD Cowen lifted their price target on Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, April 19th. UBS Group assumed coverage on Alaska Air Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $54.00 price target for the company. Wolfe Research upgraded Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Alaska Air Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $51.00 in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.60.

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Check Out Our Latest Research Report on ALK

Alaska Air Group Price Performance

ALK opened at $42.70 on Monday. The stock has a 50-day moving average price of $42.57 and a 200-day moving average price of $39.10. Alaska Air Group, Inc. has a 12-month low of $30.75 and a 12-month high of $57.18. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $5.42 billion, a P/E ratio of 22.83, a PEG ratio of 0.57 and a beta of 1.60.

Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.17. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the business earned ($0.62) EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts predict that Alaska Air Group, Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Andrew R. Harrison sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total value of $249,340.00. Following the completion of the sale, the executive vice president now owns 26,048 shares of the company’s stock, valued at approximately $999,201.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

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Alaska Air Group Profile

(Free Report)

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.

See Also

Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc. (NYSE:ALK – Free Report).

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)



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Potential for an ammonia leak at UAA Alaska Sports Complex

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Potential for an ammonia leak at UAA Alaska Sports Complex


ANCHORAGE, Alaska (KTUU) -The University of Alaska Anchorage Incident Management Team said they discovered Friday the potential for an ammonia leak, leading to the evacuation and closure of three buildings and two sections of the inconic walkway known as the Spine. Those sections are the parts leading to the Student Union and the AVIS Alaska Sports Comlex.

There was a small ammonia leak on campus earlier in May, said Ryan Buchholdt, UAA’s vice chancellor for Administrative Services. A crew was isolating and working on remediation steps and repairs on that incident when Buchholdt said maintenance workers became concerned over the potential for another leak. Buchholdt said workers alerted campus leadership for the potential of a new leak, leading to them working with municipal and a hazardous materials team to understand risks associated with the potential leak.

There is no active leak, Buchholdt said, and the university is taking an “abundance of caution,” if there’s another ammonia release.

“With summer weather they were worried that the pressure could rise,” Buchholdt said. “If it started to leak again it could cascade.”

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The recent, potential leak stemmed from the ice plant system which is used to maintain the ice in the AVIS Alaska Sports Complex on campus. Buildings and walkways within roughly 200 feet of the system are now closed: The AASC, Student Union, General Support Services and Enrollment Services building are all closed until further notice.

Buchholdt described ammonia as a toxic, fast-acting gas with corrosive effects.

“Ammonia is a very hazardous gas,” he said. “If you breathe it in it can damage your lungs. It can kill. It’s also a very corrosive gas so it can eat through metal fairly quickly if it’s not controlled.”

According to Buchholdt, all of the ammonia is contained within the ice plant itself, which means if there is a leak it will be contained within the building unless it escapes.

“One of our concerns is, if it’s a slow leak becomes manageable, if it’s a large release that’s something that could get outside of the facility and be a danger to the campus population,” he said.

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Buchholdt said UAA prides itself on making sure the community is safe and responsive when there is a safety concern. The Incident Management Team said they have not identififed public health risks. The Anchorage Fire Department, which is helping assist with the situation, said Saturday that they’ve discussed potential outcomes and don’t have critical concerns. The IMT said they’re continuing to actively respond to and invesetigate the potential for a leak. here were people in the area at the time of the potential leak, but UAA moved some scheduled events to other buildings on campus.

Buchholdt maintains that risk remains until a contractor comes to address issues in the ice plant system. He said UAA has experienced difficulties getting a contractor on site to pull ammonia from the ice plant system and plans to have one on Monday or Tuesday.



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