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Alaska Air revises Q3 guidance to reflect spike in fuel costs in recent weeks

Clyde Edgerton by Clyde Edgerton
September 6, 2023
in Markets
Alaska Air revises Q3 guidance to reflect spike in fuel costs in recent weeks
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Alaska Air Group Inc. ALK revised its third-quarter guidance on Wednesday, after a considerable increase in fuel costs in recent weeks. In a regulatory filing, the airline said it’s now expecting third-quarter economic fuel cost per gallon to be about $3.15 to $3.25, up from prior guidance of $2.70 to $2.80. It expects its adjusted pretax margin to be 10% to 12%, compared with prior guidance of 14% to 16%. The company is expecting its capacity to be up about 13%, compared with prior guidance of up 10% to 13%. Revenue is expected to be up 1% to 2%, compared with prior guidance of flat to up 3%, weighed down by the wildfires…



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Clyde Edgerton

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