Alaska Air Group Inc.
What Happened: According to Reuters, all destinations were affected by the ground stop for Alaska's mainline fleet.
Neither Alaska Airlines nor the FAA immediately responded to Benzinga's requests for comment outside of regular business hours.
A message on the airline's website read, "We are experiencing issues with our IT systems. We apologize for the inconvenience and are working to resolve the issues."
The Seattle-based airline also said there would be residual impacts to its operations throughout the evening, without providing more details.
Why It Matters: The disclosure of Alaska's IT issues coincides with warnings from Alphabet Inc.'s
A hack disrupted some IT systems at Hawaiian Airlines, an Alaska Air Group company, in June. Alaska Air Group stated it was still calculating the financial impact, reported Reuters.
Price Action: Shares of Alaska Air ended 0.28% lower on Friday in after-hours trading. It was down 17.34% on a year-to-date basis and up 37.23% over the past year.
Benzinga Edge Stock Rankings shows that ALK had a stronger price trend over the short, medium, and long term. Its momentum ranking was decent, and its value ranking was moderate at the 55.45th percentile.
The SPDR S&P 500 ETF Trust
On Monday, the futures of the S&P 500, Nasdaq 100, and Dow Jones indices were higher.
