Alaska Airlines posts a Q1 loss of $1.68 per share, missing expectations, and withdraws full-year profit guidance
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Glonghui, April 21 – Alaska Airlines announced that its first-quarter revenue was $3.3 billion, up 5.2% year-on-year, roughly in line with analyst expectations; the loss per share was $1.68, worse than the analyst estimate of a $1.34 loss per share. In addition, Alaska Airlines withdrew its full-year profit guidance due to sharply rising jet fuel costs related to the Iran war, which put pressure on profit margins and dimmed the outlook for the second half of this year.
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