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Alaska Air reports lower-than-expected earnings due to high fuel costs and operational troubles.
Alaska Air Group's shares declined as it reported its third-quarter earnings will be at the lower end of its forecast, citing higher fuel costs and operational issues such as weather delays and an IT outage.
The company now expects to pay up to $2.55 per gallon for fuel due to refinery disruptions on the West Coast.
Despite these challenges, Alaska Air noted solid revenue trends and success with its new loyalty program.
However, its fiscal 2025 earnings projection of more than $3.25 per share is below analyst expectations of $3.81.
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Alaska Air reporta ganancias más bajas de lo esperado debido a altos costos de combustible y problemas operativos.