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Alaska Air (ALK) Stock Up, Plans Codeshare Agreement with Japan Air

NEW YORK (TheStreet) -- Shares of Alaska Air (ALK - Get Report) are increasing 0.8% to $69.35 on Tuesday morning as the company announced plans for a codeshare agreement and frequent flier partnership with Japan Airlines.

Industry experts have said Alaska Air is an attractive partner for Asian airlines that are seeking extra revenue from connecting passengers to flights in the U.S., after the company agreed to acquire Virgin America (VA) for $2.6 billion last month, Reuters noted.

The agreement between Alaska Air and Japan Airlines will be effective June 29, pending government approval, the Seatac, WA-based airline...