"Alaska Air Exceeds Forecasts with Strong Rebound from Boeing Max Woes"
TL;DR Summary
Despite a first-quarter loss due to a Boeing 737 Max 9 incident, Alaska Airlines forecasts strong second-quarter and full-year earnings, surpassing analyst estimates, driven by robust travel demand. The airline received $162 million from Boeing for the January incident and expects additional compensation. Alaska reported a net loss of $132 million for the first quarter but exceeded revenue estimates, with shares rising over 3% in premarket trading.
Topics:business#alaska-airlines#boeing-737-max#business-aviation#compensation#earnings-forecast#travel-demand
- Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding CNBC
- Alaska Air forecasts second-quarter profit above estimates on strong travel demand Yahoo Finance
- Alaska Air’s stock up 1.6% after carrier’s loss is narrower than expected MarketWatch
- Alaska Air Sees Profit Above Estimates in Rebound From Max Woes Bloomberg
- Boeing Blowout Pushes Alaska Air to a Loss The Wall Street Journal
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