For the half of May NYSE: ALK has risen by $11 causing uptrend with hourly winning prices. For the past trading days, it grew from $31.01 to $35.72. The airlines have passenger based business, therefore, its Q1 2020 revenue has lost about $400 million compared to Q4 2019’s. However, the stock has kept growing steadily during the pandemic.
Not so good news came from Q1 2020 net loss and negative earnings. Before, the COVID-19’s second wave the earnings may grow as people missed traveling for vocation. One should not wait for a negative impact on stock price from the upcoming quarantine as the last COVID-19 measures did not affect.