Alaska Air falls after forecasting wider-than-expected Q4 loss
Tue 22:32
BUZZ-Alaska Air falls after forecasting wider-than-expected Q4 loss ** Shares of Alaska Air Group ALK.N fall more than 1% to $33.97 in extended trading
** Co forecasts a bigger-than-expected fourth-quarter loss as rising fuel costs continue to squeeze profits despite strong travel demand and higher fares
** It expects an adjusted loss of $2 to $2.50 per share for the quarter vs analysts' average estimate of a loss of $1.04 per share, according to data compiled by LSEG
** As of last close, stock down 31.7% YTD
(Reporting by Apratim Sarkar in Bengaluru)
Recent news on Alaska Air
See all newsAlaska Air Group Inc reports results for the quarter ended September 30 - Earnings Summary
Alaska Air Q3 swings to net loss on higher fuel costs
Brief: Alaska Air Q3 Adjusted EPS USD -0.31 Vs. Estimate USD 0.53
Alaska Air falls after forecasting wider-than-expected Q4 loss
Alaska Air forecasts bigger-than-expected fourth-quarter loss on soaring fuel costs