Alaska Air Group, Inc. (ALK) Reports Cybersecurity Incident at One of Its Subsidiaries

Alaska Air Group, Inc. (NYSE:ALK) is one of the 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Bridgewater Associates holds over $33 million worth of shares of ALK, which represents 0.16% of its portfolio.

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On June 23, 2025, Alaska Air Group, Inc. (NYSE:ALK) reported a cybersecurity incident at its subsidiary Hawaiian Airlines, affecting parts of its IT systems. Despite the concerns raised by the breach, the airline confirmed that its flights and passenger services will remain unaffected. Meanwhile, the company aims to leverage the expertise of federal authorities to look into the matter.

This incident follows Alaska Air Group, Inc.’s (NYSE:ALK) acquisition of Hawaiian Airlines in September 2024 for $1.9 billion. This acquisition has already contributed significantly to the company’s Q1 earnings, which exceeded the expectations of the investors. While the incident poses short-term operational risks for the company, analysts remain cautiously optimistic given the uninterrupted flight operations.

Based in Washington, U.S., Alaska Air Group, Inc.’s (NYSE:ALK) operates scheduled passenger and cargo services through its mainline carriers, Alaska Airlines and Hawaiian Airlines. It is among the list of cheap stocks to buy.

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