SEATTLE - Alaska Airlines announced today the promotion of Shane Tackett to President and Chief Financial Officer, effective June 29, according to a press release statement.
Tackett will continue overseeing finance, fleet management, investor relations, supply chain, internal audit and information technology functions. The expanded role adds the commercial organization, led by Chief Commercial Officer Andrew Harrison, to his responsibilities. The leadership consolidation comes as Alaska Air Group manages a market capitalization of $5.47 billion and a debt-to-equity ratio of 1.79.
Tackett has spent more than 25 years at Alaska Airlines, holding leadership positions in financial planning, labor relations, revenue management, e-commerce and strategy. He has served as Chief Financial Officer since 2020.
"Shane’s promotion to president of Alaska Airlines marks an important step as we continue investing in leadership capacity to execute our global ambitions and integrate Hawaiian Airlines," said Ben Minicucci, CEO and President of Alaska Air Group and CEO of Alaska Airlines.
During his tenure as CFO, Tackett helped guide the company through industry changes and played a role in the acquisition and integration of Hawaiian Airlines. He has been involved in Alaska Accelerate, the company’s plan for earnings growth. The company generated $14.4 billion in revenue over the last twelve months with revenue growth of nearly 14%, though InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value. According to InvestingPro Tips, while Alaska operates with a significant debt burden, it remains a prominent player in the Passenger Airlines industry—insights that are part of 12 total ProTips available to subscribers.
"Bringing commercial and finance leadership together under Shane will strengthen alignment and accelerate our priorities as we continue advancing our strategy and creating long-term value for our stakeholders," Minicucci added.
Tackett will report to Minicucci and continue serving on the company’s Executive Committee.
The promotion follows several leadership changes announced last September, including Diana Birkett Rakow as CEO of Hawaiian Airlines, Andy Schneider as CEO and President of Horizon Air, and Jason Berry as Chief Operating Officer.
Alaska Air Group trades on the New York Stock Exchange as NYSE:ALK.
In other recent news, Alaska Air Group has been in the spotlight following several notable developments. The company unveiled a new World Cup-themed aircraft livery as part of its role as an Official Seattle World Cup 2026 Host City Supporter. This new design features the Seattle Host City logo and a soccer ball graphic on a Boeing 737-9 MAX. In other corporate news, Alaska Air Group announced the appointment of Mike Sievert, former CEO of T-Mobile, to its board of directors.
On the financial front, TD Cowen reiterated a Buy rating for Alaska Air Group, maintaining a price target of $51.00. The firm highlighted the airline’s promising earnings potential as it navigates past operational challenges. Additionally, Jefferies reported a 26.7% year-over-year increase in airfares for May, citing Bureau of Labor Statistics data. This increase follows a 20.7% rise in April and a 14.9% gain in March. These recent developments reflect Alaska Air Group’s ongoing efforts to enhance its market position and operational efficiency.
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