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Sept. 1, 2020, 8:15 a.m. EDT

Alaska Air joins rivals in eliminating schedule change fees

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By Tomi Kilgore

Alaska Air Group Inc. /zigman2/quotes/200972303/composite ALK +2.27% said Tuesday it is permanently eliminating schedule change fees on all domestic and international flights, effective immediately, as the air carrier joins a number of rivals to do so, starting with United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL +4.78% . Alaska Air said the new policy applies to all tickets, except for Saver fares. The previous $125 change fee applied to all non-Saver flights, except for those traveling on refundable tickets and top elite status members of its Mileage Plan loyalty program. "COVID has taught us that flexibility in travel is key," said Chief Commercial Officer Andrew Harrison. "As we evolve our approach to travel to include more than 100 safety actions, it's important to give our guests flexibility when they book by eliminating change fees." Alaska Air's stock slipped 0.4% in premarket trading Tuesday. It has dropped 42.5% year to date through Monday, while the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS +4.10% has shed 43.6% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.52% has gained 8.3%. United said early Monday that it was eliminating change fees, Delta Air lines Inc. /zigman2/quotes/200327741/composite DAL +7.05% and American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL +3.18% followed with similar moves.

/zigman2/quotes/200972303/composite
US : U.S.: NYSE
$ 40.59
+0.90 +2.27%
Volume: 2.68M
Oct. 22, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$4.91 billion
Rev. per Employee
$353,525
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 37.24
+1.70 +4.78%
Volume: 24.75M
Oct. 22, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$10.34 billion
Rev. per Employee
$448,946
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/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 18.53
+0.73 +4.10%
Volume: 5.44M
Oct. 22, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,453.49
+17.93 +0.52%
Volume: 2.39B
Oct. 22, 2020 5:15p
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 33.72
+2.22 +7.05%
Volume: 25.71M
Oct. 22, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$20.09 billion
Rev. per Employee
$499,337
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 13.15
+0.41 +3.18%
Volume: 90.79M
Oct. 22, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.48 billion
Rev. per Employee
$345,547
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