Alaska Air's loss forecast for the current quarter is less than half was Wall Street expects

Dow Jones03-12

MW Alaska Air's loss forecast for the current quarter is less than half was Wall Street expects

Alaska Air Group Inc. $(ALK)$ provided first-quarter loss guidance that was less than half what was expected, given "strong demand" and the fact that the air carrier's fleet of previously grounded Boeing 737-9 Max planes have returned to service. The company expects adjusted per-share losses of 55 cents to 45 cents for the current quarter, compared with the FactSet loss consensus of $1.16. The company said that before the groundings, capacity was expected to be up in the low single-digit percentage range from a year ago and there was a path of profitability to improve by more than 30%. "Given recent strength in demand through Spring Break travel periods and continued recovery of West Coast business travel, we now expect an even greater year-over-year improvement in Q1 2024 profitability," the company said. The stock, which was still inactive in the premarket, has lost 4.4% year to date, while the U.S. Global Jets ETF $(JETS.UK)$ has gained 5.2% and the S&P 500 has tacked on 7.3%.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 12, 2024 06:31 ET (10:31 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2418581969?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-12 18:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2418581969","market":"hk","top_or_hot":-1,"title":"Alaska Air's loss forecast for the current quarter is less than half was Wall Street expects","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Alaska Air's loss forecast for the current quarter is less than half was Wall Street expects\n</p>\n<p>\n     Alaska Air Group Inc. <a href=\"https://laohu8.com/S/ALK\">$(ALK)$</a> provided first-quarter loss guidance that was less than half what was expected, given \"strong demand\" and the fact that the air carrier's fleet of previously grounded Boeing 737-9 Max planes have returned to service. The company expects adjusted per-share losses of 55 cents to 45 cents for the current quarter, compared with the FactSet loss consensus of $1.16. The company said that before the groundings, capacity was expected to be up in the low single-digit percentage range from a year ago and there was a path of profitability to improve by more than 30%. \"Given recent strength in demand through Spring Break travel periods and continued recovery of West Coast business travel, we now expect an even greater year-over-year improvement in Q1 2024 profitability,\" the company said. The stock, which was still inactive in the premarket, has lost 4.4% year to date, while the <a href=\"https://laohu8.com/S/JETS\">U.S. Global Jets ETF</a> <a href=\"https://laohu8.com/S/JETS.UK\">$(JETS.UK)$</a> has gained 5.2% and the S&amp;P 500  has tacked on 7.3%. \n</p>\n<p>\n     -Tomi Kilgore \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 12, 2024 06:31 ET (10:31 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alaska Air's loss forecast for the current quarter is less than half was Wall Street expects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlaska Air's loss forecast for the current quarter is less than half was Wall Street expects\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-12 18:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW Alaska Air's loss forecast for the current quarter is less than half was Wall Street expects\n\n\n     Alaska Air Group Inc. $(ALK)$ provided first-quarter loss guidance that was less than half what ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2418581969","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2418581969","pubTimestamp":1710239460,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Alaska Air Group Inc.  provided first-quarter loss guidance that was less than half what was expected, given \"strong demand\" and the fact that the air carrier's fleet of previously grounded Boeing 737-9 Max planes have returned to service. The company expects adjusted per-share losses of 55 cents to 45 cents for the current quarter, compared with the FactSet loss consensus of $1.16. The company said that before the groundings, capacity was expected to be up in the low single-digit percentage range from a year ago and there was a path of profitability to improve by more than 30%. \"Given recent strength in demand through Spring Break travel periods and continued recovery of West Coast business travel, we now expect an even greater year-over-year improvement in Q1 2024 profitability,\" the company said. The stock, which was still inactive in the premarket, has lost 4.4% year to date, while the U.S. Global Jets ETF  has gained 5.2% and the S&P 500  has tacked on 7.3%.This content was create","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","JETS":"U.S. Global Jets ETF","BK4008":"航空公司","BK4500":"航空公司","ALK":"阿拉斯加航空集团有限公司","BK7506":"金矿股","BK7104":"黄金","ALK.AU":"ALKANE RESOURCES LTD"},"translate_title":"阿拉斯加航空公司本季度的亏损预测不到华尔街预期的一半","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALK":1,"ALK.AU":1,"JETS":0.9},"content_text":"MW Alaska Air's loss forecast for the current quarter is less than half was Wall Street expects\n\n\n     Alaska Air Group Inc. $(ALK)$ provided first-quarter loss guidance that was less than half what was expected, given \"strong demand\" and the fact that the air carrier's fleet of previously grounded Boeing 737-9 Max planes have returned to service. The company expects adjusted per-share losses of 55 cents to 45 cents for the current quarter, compared with the FactSet loss consensus of $1.16. The company said that before the groundings, capacity was expected to be up in the low single-digit percentage range from a year ago and there was a path of profitability to improve by more than 30%. \"Given recent strength in demand through Spring Break travel periods and continued recovery of West Coast business travel, we now expect an even greater year-over-year improvement in Q1 2024 profitability,\" the company said. The stock, which was still inactive in the premarket, has lost 4.4% year to date, while the U.S. Global Jets ETF $(JETS.UK)$ has gained 5.2% and the S&P 500  has tacked on 7.3%. \n\n\n     -Tomi Kilgore \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 12, 2024 06:31 ET (10:31 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418581969"}