Alaska Air forecasts Q4 profit below Street expectations due to cost pressures [Yahoo! Finance Canada]
Alaska Air Group, Inc. (ALK)
Last alaska air group, inc. earnings: 1/28 04:01 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.alaskaair.com/investors
Company Research
Source: Yahoo! Finance Canada
on Thursday, as higher costs associated with overstaffing and aircraft delivery delays dented margins. The Seattle, Washington-based carrier has been hit by delayed jet deliveries, which have reduced its aircraft utilization and left it with excess staffing, adding to its cost burden. "We remain resourced for higher capacity and are experiencing the lowest attrition rates across the company since 2019," Alaska Air said. It expects a high single-digit percentage increase to its unit costs in the fourth quarter over the year earlier. Alaska expects the cost pressure from excess staffing and lower capacity to be transitory and to return to resource levels relative to its capacity throughout 2025. The carrier, which completed the acquisition of its peer Hawaiian Airlines last month, forecast a fourth-quarter profit of 20 cents to 40 cents per share. Analysts on average estimated 63 cents per share, according to data compiled by LSEG. Third-quarter adjusted profit of $2.25 per
Show less
Read more
Impact Snapshot
Event Time:
ALK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALK alerts
High impacting Alaska Air Group, Inc. news events
Weekly update
A roundup of the hottest topics
ALK
News
- Alaska Airlines wins 2024 Business Traveler Award for Best Inflight Food & Beverage [Yahoo! Finance]Yahoo! Finance
- Alaska Airlines wins 2024 Business Traveler Award for Best Inflight Food & BeveragePR Newswire
- 3 Steps to Take Right Now if Your Holiday Flight Is Canceled or Delayed [CNET News]CNET News
- Alaska Airlines launches new service from West Coast cities to top winter destinations starting today [Yahoo! Finance]Yahoo! Finance
- Alaska Airlines launches new service from West Coast cities to top winter destinations starting todayPR Newswire
ALK
Earnings
- 10/31/24 - In-Line
ALK
Sec Filings
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 4
- 11/5/24 - Form 4
- ALK's page on the SEC website