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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Alaska Air Group (NYSE: ALK) hit a new 52-week high Wednesday as it is currently trading at $61.70, above its previous 52-week high of $60.79 with 62,152 shares traded as of 10:09 a.m. ET. Average volume has been 709,300 shares over the past 30 days. Alaska Air Group has a market cap of $4.26 billion and is part of the services sector and transportation industry. Shares are up 41.4% year to date as of the close of trading on Tuesday. Alaska Air Group, Inc., through its subsidiaries, provides scheduled air transportation for passengers and cargo. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7.