Alaska Air Group forecasts Q1 2024 performance to exceed expectations, with a narrower-than-expected loss of $0.55-$0.45 per share, partially compensated by Boeing.
Alaska Air Group (ALK) expects to exceed 2024 guidance and provides an update on Boeing situation: First quarter 2024 performance on track to exceed expectations, driven by strategic network adjustments and strong demand in the quarter. Alaska Air forecasts a narrower-than-expected first-quarter loss of $0.55 to $0.45 per share, compared with Wall Street expectations of a loss of $1.18 per share. The first-quarter forecast reflects an unspecified partial compensation from Boeing and a 30 cent per share impact from the temporary grounding of MAX 9 jets.
March 12, 2024
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