Alaska Air Group reported a $193 million net loss due to high fuel costs and disruptions in Hawaii and Puerto Vallarta, with uncertainty clouding future forecasts.
SEATAC, Wash. — Alaska Air Group announced significant losses during its first-quarter earnings report Monday, citing the high cost of jet fuel and disruptions in popular travel destinations.
The Seattle-based airline reported a net loss of $193 million, or $1.69 per share. The adjusted loss was $192 million, or $1.68 per share.
Fuel costs in the first quarter increased significantly due to blocked shipping routes that are preventing oil from leaving the Strait of Hormuz. Uncertainty about when
