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Alaska Air’s stock rallies toward a 3-month high after profit outlook raised well above expectations https://t.co/kWGKl7mQQU
🔵 ALASKA AIR RAISES PROFIT FORECAST ON SUMMER DEMAND, OUTAGE-LINKED BOOKINGS Alaska Air Group raised its third-quarter profit forecast on Thursday, benefiting from strong summer travel demand and re-bookings from passengers stranded due to flight cancellations caused by a… https://t.co/Io9h16qUZW
ALASKA AIR GROUP RAISES Q3 PROFIT FORECAST Alaska Air $ALK raised its Q3 EPS forecast to $2.15-$2.25, up from $1.40-$1.60, citing strong demand and better-than-expected revenue performance in August and September. The airline also lowered its fuel cost expectations to…
Alaska Air Group has raised its third-quarter profit forecast significantly, citing strong summer travel demand and additional revenue from re-bookings related to flight cancellations caused by CrowdStrike disruptions. The airline now expects Q3 earnings per share (EPS) to be between $2.15 and $2.25, up from the previous forecast of $1.40 to $1.60. Additionally, Alaska Air has lowered its fuel cost expectations, contributing to the improved outlook. The airline noted that unit revenue inflected positively in August and continued to show strength into September. Following the announcement, Alaska Air's stock rallied toward a three-month high.