Alaska Air down after forecasting third-quarter profit below estimates

Alaska Air

21/07/2026 22:30

** Shares of carrier Alaska Air ALK.N down ~2% at $44.49 in extended trading
** ALK forecast Q3 profit below Wall Street expectations as renewed U.S.-Iran fighting continues to drive up fuel prices
** Expects Q3 adjusted profit of up to $1 per share compared with analysts' average estimate of $1.38 per share - data compiled by LSEG
** Logs Q2 adjusted loss of 92 cents per share, below analysts' average estimate of a loss of 99 cents per share
** As of Tuesday's close, stock down ~10% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))