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Today: April 05, 2025
Today: April 05, 2025

Alaska Air forecasts narrower-than-expected loss

Alaska Airlines commercial airplanes are shown parked in San Diego
April 26, 2024
Reuters - Reuters

(Reuters) - Alaska Air Group, the operator of the 737 MAX 9 jet that experienced a mid-air cabin panel blowout, forecast a narrower-than-expected first-quarter loss on Tuesday due to strong travel demand.

The company forecast a quarterly adjusted loss per share of 55 cents to 45 cents per share, compared with average analysts' expectation of loss of $1.18 per share, as per LSEG data.

The first-quarter forecast reflects an unspecified partial compensation the carrier received from Boeing, Alaska added.

(Reporting by Abhijith Ganapavaram and Aishwarya Jain in Bengaluru; Editing by Tasim Zahid)

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