Alaska Air Group Inc. (NYSE:
ALK) is down 14% to a 52-week low as higher crude prices drag down the airline industry. Crude oil reached a record high at $147 per barrel today on concerns of
Middle East hostility and threats on Nigerian oil facilities. The airline sector as a whole has been hit hard by rising gas prices and is down about 3.8% for the day. Seattle-based Alaska Air is down more than 54% since January. In today’s trading, the company is at $11.67 at
11:45 p.m. ET, down $1.93 from Thursday’s close. After the today’s open, shares fell to $11.31, a 52-week low for the company.
For detailed price information and recent news stories about Alaska Air Group Inc., click ALK.
