Alaska Air Forecasts Bigger-Than-Expected Fourth-Quarter Loss on Soaring Fuel Costs

3-line summary

• Alaska Air Group guided to a fourth-quarter adjusted loss of $2 to $2.50 per share, far worse than the $1.04-per-share loss analysts tracked by LSEG had expected-roughly 1.9 to 2.4 times larger than consensus.
• The company said rising fuel costs continue to pressure profitability, though it did not disclose the specific magnitude of the fuel-cost increase; it cited strong travel demand and elevated airfares as partial offsets that have not been enough to counter the fuel-cost surge.
• The guidance adds Alaska to a growing list of US carriers-including United and Delta-that have flagged outsized fuel-cost pressure on fourth-quarter and full-year results.

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