Alaska Air Group Swings to Third-Quarter Loss on Fuel Costs
Alaska Air Group reported a $147 million loss, or $1.32 a share, versus a $73 million profit, or 62 cents a share, a year earlier. Higher-than-expected fuel headwinds more than offset double-digit revenue growth.
By Elias SchisgallAlaska Air Group swung to a loss in the third quarter, as higher-than-expected fuel headwinds more than offset double-digit revenue growth.The airline on Tuesday reported a loss of $147 million, or $1.32 a share, compared with a profit of $73 million, or 62 cents a share, a year e…