Alaska Air forecasts narrower-than-expected loss

By Thomson Reuters Mar 12, 2024 | 5:24 AM

(Reuters) – Alaska Air Group, the operator of the 737 MAX 9 jet that experienced a mid-air cabin panel blowout, forecast a narrower-than-expected first-quarter loss on Tuesday due to strong travel demand.

The company forecast a quarterly adjusted loss per share of 55 cents to 45 cents per share, compared with average analysts’ expectation of loss of $1.18 per share, as per LSEG data.

The first-quarter forecast reflects an unspecified partial compensation the carrier received from Boeing, Alaska added.

(Reporting by Abhijith Ganapavaram and Aishwarya Jain in Bengaluru; Editing by Tasim Zahid)