Alaska Air pulls 2026 profit forecast amid fuel costs related uncertainty [CNBC]
Alaska Air Group, Inc. (ALK)
Last alaska air group, inc. earnings: 1/28 04:01 pm
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Source: CNBC
Airlines worldwide are buckling under surging jet fuel costs after U.S.-Israeli strikes on Iran choked off the Strait of Hormuz, a vital artery for global oil shipments, delivering the industry's most severe shock since the COVID-19 pandemic. Prices for jet fuel, which typically accounts for a quarter of airline operating costs, have nearly doubled since the conflict began, squeezing carriers caught between soaring expenses and pre-sold tickets they cannot reprice. Volatile fuel prices and uncertainty around the war have clouded airlines' ability to predict future outcomes. Alaska had earlier forecast a profit per share of $3.50 to $6.50 for 2026. Alaska Air Group CEO Benito Minicucci said last month the airline burns about 100 million gallons of fuel a month, meaning a $1 increase in jet fuel prices adds roughly $100 million in monthly cost. Minicucci said Alaska has been shifting fuel supply away from the U.S. West Coast, including tankering fuel from Singapore to Seattle
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News
- Alaska Air Group reports first quarter 2026 results [TheStreet.com]TheStreet.com
- Alaska Air Group reports first quarter 2026 resultsPR Newswire
- Alaska Air Group and Bank of America Expand Long-Standing Credit Card Partnership [Yahoo! Finance]Yahoo! Finance
- Alaska Air Group and Bank of America Expand Long-Standing Credit Card Partnership [TheStreet.com]TheStreet.com
- Alaska Air Group and Bank of America Expand Long-Standing Credit Card PartnershipPR Newswire
ALK
Earnings
- 4/20/26 - Miss
ALK
Sec Filings
- 4/20/26 - Form 8-K
- 4/2/26 - Form 4
- 4/2/26 - Form 3
- ALK's page on the SEC website