NEW YORK (AP) — Alaska Airlines said Tuesday it will start new service to Tokyo and Seoul next year as part of a plan to boost international flights over the next several years.
Alaska announced the new routes Tuesday as it raised its fourth-quarter outlook and publicized a plan to boost profit by $1 billion over three years.
It said greater efficiency from combining with Hawaiian Airlines will save the company at least $500 million by 2027. Alaska also plans to introduce a new premium co-branded credit card; similar deals have been lucrative for other carriers.
Alaska also announced a plan to spend $1 billion buying back its own stock, which makes investors’ existing shares more valuable.
Shares of Seattle-based Alaska Air Group jumped 14% in midday trading.
The airline said Tuesday that it will begin flying between Seattle and Tokyo’s Narita International Airport in May, and add service between Seattle and Seoul in October.
Alaska said it plans to fly from Seattle to at least a dozen international destinations by 2030, using large jets owned by Hawaiian, which Alaska bought this year for $1 billion plus assumed debt.
The airline said it expects to earn 40 to 50 cents per share in the fourth quarter, up from an earlier forecast of 20 to 40 cents per share, because of stronger-than-expected bookings in November and December. That outlook followed similar upgrades last week by Southwest Airlines and American Airlines, which reported strong demand for leisure travel.
A banner for Alaska Air Group hangs on the front of the New York Stock Exchange in New York's Financial District on Tuesday, Dec. 10, 2024. (AP Photo/Peter Morgan, File)
FILE - Alaska Airlines aircraft sits in the airline's hangar at Seattle-Tacoma International Airport, Jan. 10, 2024, in SeaTac, Wash. (AP Photo/Lindsey Wasson, File)
JACKSONVILLE, Fla. (AP) — Jacksonville Jaguars coach Doug Pederson and general manager Trent Baalke never developed enough synergy, if any at all.
Pederson thought talent was Jacksonville's bigger issue as losses mounted; Baalke believed coaching was the problem. Regardless, the pairing wasn't working in Year 3 — and everyone inside the building knew it.
Jaguars owner Shad Khan could have justified a complete overhaul. Instead, the billionaire businessman settled for choosing between the duo. He opted for Baalke, a questionable decision that could affect who becomes Jacksonville’s next head coach.
Khan fired Pederson on Monday, a day after a 26-23 overtime loss at Indianapolis. It was the team’s 18th loss in its last 23 games. More surprising, he kept Baalke.
“I didn't want to throw the baby out with the bathwater,” Khan said during a Zoom.
Khan added that rebooting the coaching staff, the scouting department and the rest of the football operations staff would amount to firing roughly 85 people.
“To change all of that is almost like suicidal," he said. "That’s like shooting yourself in the foot. We need to go to work on something that is broken, that needs to be fixed and continually be improving things that are working.”
Khan made the move with one year remaining on Pederson’s contract and more than five months after the owner stood in front of coaches and players and declared this the “best team assembled by the Jacksonville Jaguars ever."
“Winning now” was Khan’s edict as training camp opened and after he committed nearly half a billion dollars to signing quarterback Trevor Lawrence, pass rusher Josh Hines-Allen and cornerback Tyson Campbell to long-term deals in the offseason. It was the most expensive stretch of roster building in franchise history.
And Khan got little return on his investment.
He blamed predictability on both sides of the ball as the main culprit in the team's downfall.
“Deception is a big part of it,” Khan said. “Unpredictability. If you know exactly what we’re going to do on offense or defense, you better have the 22 best players to help us win a football game. So being unpredictable is, I think, is modern football, and we have to be able to show that on the field.”
Pederson, who in 2018 led the Eagles to their first Super Bowl title, finished 9-8 in his first two seasons in Jacksonville and made the playoffs in his first year. He became the first coach in franchise history to start with back-to-back winning seasons and was a welcome relief following Urban Meyer’s 13-game tenure that was filled with dysfunction.
But Pederson’s injury-riddled team went 1-5 down the stretch in 2023 and missed the postseason after spending nearly two months atop the AFC South. He thought getting Lawrence healthy and revamping his defensive staff would change the team’s fortunes. Neither made a difference.
“It's unfortunate because at the end of the day we all had a hand in it,” receiver Christian Kirk said. “I have a ton of respect for Doug. He’s made me a better football player, better man. I think he’s one of the better coaches to have coached in this league, and it’s just unfortunate the way that things went.”
More damning: Pederson failed to develop Lawrence or create a team identity, handed play-calling duties to Press Taylor despite Khan making his wishes known and showed no urgency to try to fix a defense that regressed under new coordinator Ryan Nielsen.
“There’s a lot of factors that have gone into our season,” tight end Evan Engram said Monday. “It’s not just the coaching. It's everybody."
The Jaguars (4-13) have notched double-digit losses in 10 of Khan’s 13 years as owner. Now, Khan will hire his sixth head coach; current and creative NFL offensive coordinators Ben Johnson (Detroit) and Liam Coen (Tampa Bay) should top the list. But would they even agree to work with Baalke, whose draft picks have been mostly suspect and his latest free-agent class is arguably the worst in franchise history?
The 56-year-old Pederson went 23-30 with Jacksonville, a far cry from the Super Bowl-winning coach Khan thought he hired in February 2021.
His tenure with Jacksonville was mostly forgettable. Sure, there was the come-from-behind stunner over the Los Angeles Chargers in the AFC wild-card round in January 2023 in which Lawrence rallied the Jaguars from a 27-0 deficit and won 31-30. Otherwise, Pederson was fairly pedestrian.
His ultimate undoing came in close games, with Jacksonville going 3-10 in one-score contests this season. Whether that’s talent or coaching is debatable. Regardless, Pederson got little public support from players down the stretch.
Now Khan has to find the right coach to get Lawrence — and the rest of the team — to another level. It also will have to be someone amenable to working with Baalke, whose coaching list includes Jim Harbaugh (2011-14), Jim Tomsula (2015), Chip Kelly (2022), Meyer (2021) and Pederson (2022-24).
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Jacksonville Jaguars head coach Doug Pederson speaks during a news conference after an NFL football game against the Indianapolis Colts, Sunday, Jan. 5, 2025, in Indianapolis. The Colts won 26-23 in overtime. (AP Photo/Michael Conroy)
Jacksonville Jaguars head coach Doug Pederson pauses during a news conference after an NFL football game against the Indianapolis Colts, Sunday, Jan. 5, 2025, in Indianapolis. The Colts won 26-23 in overtime. (AP Photo/Michael Conroy)
Jacksonville Jaguars head coach Doug Pederson pauses during a news conference after an NFL football game against the Indianapolis Colts, Sunday, Jan. 5, 2025, in Indianapolis. The Colts won 26-23 in overtime. (AP Photo/Michael Conroy)
