Alaska Air Reports Q2 Net Loss Due to Rising Fuel Costs, Forecasts Recovery in Q3
Alaska Air Group reported a second-quarter net loss of $76 million for the period ending June 30 due to soaring jet fuel costs driven by supply constraints from the war in Iran. The airline expects improved performance in Q3 with adjusted earnings guidance between breakeven and $1.00 per share, despite lower-than-expected forecasts compared to analyst expectations.
Tickers: $ALK
Topics: airline industry earnings fuel costs