Alaska Air Group requested a nationwide ground stop for all its mainline aircraft, as per the U.S. Federal Aviation Administration.

In a statement to CBS News, the carrier said that, "At approximately 8 p.m. Pacific on Sunday, Alaska Airlines experienced an IT outage that's impacting our operations. We requested a temporary, system-wide ground stop for Alaska and Horizon Air flights until the issue is resolved.

Alaska Air Group has climbed more than 5% past a 42.28 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Alaska Air Group is an attractive long-term growth stock that is selling at a huge discount to its core business value. Check out why ALK remains a hold.

The DOT approved on 14 July the de facto transfer of "certificates and other economic authorities" held by Hawaiian to Alaska Air Group, the parent company of Alaska Airlines and wholly owned regional subsidiary Horizon Air.

Analysts on Wall Street project that Alaska Air Group (ALK) will announce quarterly earnings of $1.56 per share in its forthcoming report, representing a decline of 38.8% year over year. Revenues are projected to reach $3.

Federal regulators have approved the transfer of Hawaiian Airlines’ international routes to Alaska Air Group as part of their merger.