With coronavirus cases noticing a spike again in the United States, Alaska Air Group ALK provided a bleak view for the current month’s load factor (% of seats filled with passengers). This Seattle, WA-based carrier anticipates load factor for January in the band 35-40% band. The expectation is worse than 43% recorded in December.The January projection also compares unfavorably with the load factor estimate of 45% for the December quarter. This quarterly guidance for load factor is below the Zacks Consensus Estimate of 47.78%. Detailed results will be out on Jan 26, 2021.Total revenues for the current month are expected to decline in the 60-65% band. In the fourth quarter, the top line is anticipated to plunge 64% from the year-ago reported figure. In December, total revenues slumped 67%. Revenue passengers, which tumbled 70% in the month, are likely to plummet in the 65-70% range during January. The metric is expected to drop 67% in the to-be-reported quarter.Capacity (measured in available seat miles) is projected to contract 42% and roughly 35% in fourth-quarter 2020 and during January 2021, respectively. In December, capacity was down roughly 40% from the year-ago month’s reported figure as the carrier trimmed the same to match the tepid demand scenario. Notably, percentage changes for the 2021 metrics are based on a comparison with 2019 actual results.Driven by factors like the increase in passengers carried and an uptick in demand for future travel, which hit highs in October despite the continued coronavirus-scarred scenario, cash burn for the fourth quarter improved to roughly $350 million from $399 million in the September quarter. Cash burn for January is expected in the $125-$150 million range due to anticipated downbeat demand.Zacks Rank & Stocks to ConsiderAlaska Air Group currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Transportation sector are FedEx Corporation FDX, ArcBest Corporation ARCB and Herc Holdings HRI, each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term (three-five years) expected earnings per share growth rate of FedEx, ArcBest and Herc Holdings is pegged at 12%, 9.8% and 12.6%, respectivelyZacks Names “Single Best Pick to Double”From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FedEx Corporation (FDX): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Herc Holdings Inc. (HRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research