Alaska Air surprises the market in the 1st quarter


(AOF) – Alaska Air is expected to rise in pre-market trading on Wall Street after the publication of better than expected first quarter results. The American airline lost only $0.92 per share versus $1.05 expected, for revenue of $2.23 billion versus $2.19 billion expected. It expects adjusted earnings per share between $2.20 and $2.40 in the second quarter, compared to $2.12 expected. For 2024, however, the forecast is lower than expected, between $3.25 and $5.25 per share compared to the expected $6.07.

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