Alaska Air forecasts second-quarter profit above estimates on strong travel demand [Reuters]
Alaska Air Group, Inc. (ALK)
Last alaska air group, inc. earnings: 1/28 04:01 pm
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Source: Reuters
, opens new tab forecast a better-than-expected profit for the current quarter on Thursday, driven by strong travel demand and expectations for a strong summer season. The airline, the operator of the Boeing (BA.N) New Tab , opens new tab plane that suffered a mid-air cabin blowout in January, also reported a smaller loss in the first quarter, despite a $162 million impact from the more-than-two-week grounding of its 737 MAX 9 aircraft. Its loss shrank to $132 million, or $1.05 per share, in the first quarter, from a loss of $142 million, or $1.11 per share, a year ago. Its operating revenue rose 1.6% to $2.23 billion. The Seattle, Washington-based airline would have reported an adjusted profit of about $5 million for the quarter, absent the groundings of its MAX 9 jets. To address the financial damages, Alaska Air received $162 million in initial cash compensation from Boeing, which has been excluded from its first-quarter results. Many airline executives have highlighte
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ALK
Earnings
- 4/18/24 - Beat
ALK
Sec Filings
- 4/18/24 - Form 8-K
- 4/5/24 - Form 4
- 4/4/24 - Form 8-K
- ALK's page on the SEC website