Alaska Air (NYSE:ALK) Group’s ALK subsidiary Alaska Airlines will be rolling out new benefits for its elite customers in 2021. This is a part of the West Coast International Alliance announced in February 2020 as an extension of the relationship between Alaska Airlines and American Airlines (NASDAQ:AAL) AAL.
As part of the reciprocal benefits, set to be implemented next year, Alaska Airlines’ elite members will enjoy complimentary access to preferred seats while traveling on American Airlines. Additionally, Alaska Airlines’ MVP Gold 75K members will have the privilege to earn global upgrade certificates to move from the main cabin to Business Class on American Airlines flights.
Following the initial implementation of the reciprocal benefits in spring 2021, MVP Gold 75K members will become eligible to receive unlimited complimentary, space available upgrades to Business or First Class when they travel on American Airlines’ domestic flights.
Alaska Airlines’ elite members will enjoy the abovementioned benefits on top of other privileges, such as access to international lounge, priority services and baggage-related benefits, offered as part of the airline’s membership in the oneworld global alliance, set to take effect on Mar 31, 2021.
As part of the West Coast International Alliance, American Airlines’ AAdvantage members will receive reciprocal benefits when travelling on Alaska Airlines flights.
While Alaska Air carries a Zacks Rank #3 (Hold), American Airlines holds a Zacks Rank #4 (Sell).
Key Picks
Some better-ranked stocks in the broader Transportation sector are Expeditors International (NASDAQ:EXPD) of Washington EXPD and FedEx Corporation (NYSE:FDX) FDX. While FedEx sports a Zacks Rank #1 (Strong Buy), Expeditors carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Expeditors and FedEx have rallied more than 13% and 89% respectively so far this year.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft (NASDAQ:MSFT) in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FedEx Corporation (FDX): Free Stock Analysis Report
Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research