An Alaska Airlines Boing 737 Max 9 aircraft is located on January 6, 2024 at the Seattle-Tacoma International Airport.
Stephen Brashear | Bloomberg | Getty pictures
Alaska Airlines On Wednesday, it warned that the softer travel question will be given the profit in the second quarter, the youngest in a choir of airlines that see weaker than expected bookings.
According to Alaska, the bookings have stabilized a stabilization wind of six percentage points due to the “softer demand”, but predicted a headwind with six percentage points.
The carrier, which was merged with Hawaiian Airlines last year, expects the units to decrease up to 6% in the second quarter over a year, and calculates with an adjusted profit per share of $ 1.15 to $ 1.65.
The airline said that it would not update its overall annual instructions and did not update “economic uncertainty and volatility”, citing “economic uncertainty and volatility”, but expects it to still be profitable, even if the income is under pressure in the second half of the year.
The sales of the Alaska unit rose by 5% and better than the domestic units of the competitors in the first quarter compared to the previous year. Shane Tackett, Chief Financial Officer, said that customers are still booking travel, but with a lower than expected tariffs.
“The tariffs are not as strong as in the fourth quarter of last year and come in January and the first part of February,” he said in an interview on Wednesday. “The demand is still quite high for the industry, it is simply not at the peak that we all expected from the last year.”
“Alaska is built for times like this with our relentless focus on security, care and performance,” said CEO Ben Minicucci in a publication. “In the midst of economic uncertainty, our teams controlled what they can control and provided results that strengthen our foundation in the long run.”
In the first quarter compared to the expectations of Wall Street, Alaska carried out according to consensus estimates from LSEG:
- Loss per share: 77 cents adapted compared to an expected loss of 75 cents
- Revenue: 3.14 billion US dollars expected compared to 3.17 billion US dollars
In the first quarter, Alaska recorded a net loss of 166 million US dollars, which was a loss of $ 132 million a year ago and sales of more than 3.1 billion US dollars, which rose by 41% compared to the previous year and the forecasts of the analysts were shy.
In adaptation to unique elements, Alaska recorded a loss of 77 cents per share for the three months, which ended on March 31 under the estimates of the analysts.
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