On July 8, Alaska Air Group fell 5.01% in regular trading, trading at $46.62/share, with turnover of $65.17 million. The decline came amid broad-based selling across the airline sector, with American Airlines down 5.03%, United Airlines down 3.78%, Delta Air Lines down 3.0%, and Southwest Airlines down 2.78%.
The sector continues to face headwinds from elevated fuel costs linked to the Strait of Hormuz disruption and Middle East conflict. IATA slashed its global airline net profit forecast to $23 billion, roughly half its previous outlook, citing jet fuel prices averaging $152 per barrel — nearly 70% higher year-over-year. Alaska Air previously withdrew its full-year earnings guidance in April, noting that Q2 fuel costs alone would increase approximately $600 million, representing a $3.60 per share EPS headwind. The company also suspended its share buyback program pending improved visibility into second-half profitability.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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