Alaska Air Sees Wider Loss
Alaska Air Group projected a larger fourth-quarter loss than analysts anticipated as rising fuel costs offset strong travel demand and higher fares. The carrier expects an adjusted loss of up to $2.50 per share.
Insights:
Alaska Air Group expects an adjusted fourth-quarter loss of $2 to $2.50 per share due to soaring fuel costs. The projected loss exceeds the average analyst estimate of a loss of $1.04 per share compiled by LSEG. The widened loss arrives despite robust travel demand and higher passenger fares.
