Alaska Air Group raises Q3 profit forecast due to summer travel demand and cyber outage re-bookings.

Alaska Air Group has raised its third-quarter profit forecast due to strong summer travel demand and re-bookings from passengers affected by a global cyber outage in July. The airline now anticipates a profit per share of $2.15 to $2.25, up from $1.40 to $1.60. Both Alaska Airlines and JetBlue are seeing improved industry trends, with Alaska projecting a 2% increase in unit revenue year-over-year, aided by lower fuel costs.