Alaska Air Forecasts Larger-Than-Expected Fourth-Quarter Loss
Alaska Air Group expects an adjusted loss of $2 to $2.50 per share in the fourth quarter, citing soaring fuel costs despite strong travel demand and higher fares.
Alaska Air Group NYSE:ALK on Tuesday forecast a bigger-than-expected fourth-quarter loss as soaring fuel costs continued to squeeze its profits despite strong travel demand and higher fares.The carrier expects an adjusted loss of $2 to $2.50 per share for the quarter, compared with analysts' averag…