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-0.00120019203072502 -0.00216034565530493 0.00120019203072485 -0.00120019203072502 0.0105616898703792 0.0114018242918867 -0.00504080652904467 -0.00504080652904467
Stock impact report

Alaska Air Group reports $193M net first quarter loss due to fuel prices, travel demand [Yahoo! Finance]

Alaska Air Group, Inc. (ALK) 
Last alaska air group, inc. earnings: 1/28 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.alaskaair.com/investors
Company Research Source: Yahoo! Finance
The Seattle-based airline reported a net loss of $193 million, or $1.69 per share. The adjusted loss was $192 million, or $1.68 per share. Fuel costs in the first quarter increased significantly due to blocked shipping routes that are preventing oil from leaving the Strait of Hormuz. Uncertainty about when the strait will be open and for how long has caused volatility in the oil market, making it difficult for businesses to forecast how much they will need to pay for fuel. Historic rainstorms in Hawaii and civil unrest in Puerto Vallarta ahead of spring break travel season also hurt demand. These markets represent about 30% of the airline's capacity. Alaska CEO Ben Minicucci called it a “volatile quarter” but remained optimistic about the direction of the company. When Alaska excluded fuel costs and disruptions in Hawaii and Puerto Vallarta, it said results would have exceeded the midpoint of original first quarter expectations. RELATED: 'It has been tough': SEA Airport trave Show less Read more
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