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Stock impact report

Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding [CNBC]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: CNBC
first-quarter loss stemming from a midair blowout of a door plug on a nearly new Boeing 737 Max 9 in January. Alaska forecast adjusted earnings per share of between $2.20 and $2.40, above the $2.12 analysts polled by LSEG expected. For 2024, the carrier expects earnings ranging from $3.25 to $5.25 a share, well above the average of $4.36. The Seattle-based carrier reported a net loss of $132 million, or $1.05 a share in the first quarter, in line with what analysts had been expecting. It also reported revenue of $2.2 billion in the first quarter, slightly above the estimated $2.19 billion analysts polled by LSEG expected. The airline received $162 million from Boeing for the Jan. 5 accident, which caused the Federal Aviation Administration to briefly ground the planes. Alaska said it expects additional compensation from the manufacturer. Delta and United have also forecast strong travel demand for 2024 will drive earnings. Show less Read more
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