Alaska Air Group Inc. reported a narrower-than-expected loss for the first quarter and provided an upbeat forecast for the second quarter and full year 2024. The company reported a Q1 adjusted EPS loss of $0.92, better than the estimated loss of $1.05, with revenue of $2.232 billion, surpassing estimates of $2.190 billion. For the second quarter, Alaska Air forecasts EPS between $2.20 and $2.40, exceeding analyst expectations of $2.12. The full-year earnings projection ranges from $3.25 to $5.25 per share, although this is below the analyst estimate of $6.07. The positive outlook is attributed to strong travel demand and recovery efforts following a temporary grounding of a key Boeing aircraft model. The stock was up 1.6% after the announcement and further increased by 3.0% in pre-market trading.