ALK

Majority of Delta's (DAL) pilots vote in favor of trimmed remuneration to save their jobs amid the current choppy market. Meanwhile, JetBlue (JBLU) expects Q4 revenues to sink 70% year over year.

Southwest Airlines (LUV +4.1%) is warning about its first-ever furloughs in nearly 50 years of flying, labor unions are saying. As many as 1,200 pilots and up to 1,500 flight

Alaska Air Group (NYSE:ALK) traded in a range yesterday that spanned from a low of $52.06 to a high of $54.19. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $52.57 on volume of 835,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

-Reuters

The order from the Irish airline is the largest for the jet since 2018 before two fatal crashes led to its grounding.

American Airlines (AAL) and United Airlines (UAL) have recently revealed their respective plans on resuming Boeing 737 MAX flights in the near future.

Over the past three months, shares of Alaska Air Group (NYSE: ALK) moved higher by 28.00%. Before we understand the importance of debt, let us look at how much debt Alaska Air Group has.Alaska Air Group's Debt Based on Alaska Air Group's financial statement as of November 5, 2020, long-term debt is at $2.67 billion and current debt is at $1.15 billion, amounting to $3.82 billion in total debt. Adjusted for $1.85 billion in cash-equivalents, the company's net debt is at $1.97 billion.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Alaska Air Group's $14.75 billion in total assets, the debt-ratio is at 0.26. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 35% might be higher for one industry and normal for another.Why Investors Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * ROCE Insights For Alaska Air Group(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.