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
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investor.alaskaair.com/investors
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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
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News
- Alaska Air forecasts Q4 profit below Street expectations due to cost pressures [Yahoo! Finance Canada]Yahoo! Finance Canada
- Alaska Air forecasts Q4 profit below Street expectations due to cost pressures [Yahoo! Finance]Yahoo! Finance
- Alaska Air Group reports third quarter 2024 resultsPR Newswire
- Hawaiian Airlines Welcomes Guests on an Exciting New Voyage with Walt Disney Animation Studios' "Moana 2"PR Newswire
- Alaska Air Group, Inc. (NYSE: ALK) was upgraded by analysts at Melius Research from a "hold" rating to a "buy" rating. They now have a $56.00 price target on the stock.MarketBeat
ALK
Earnings
- 10/31/24 - In-Line
ALK
Sec Filings
- 10/31/24 - Form 8-K
- 10/21/24 - Form 8-K
- 10/15/24 - Form 8-K
- ALK's page on the SEC website