Alaska Airlines predicts ‘an even greater year-over-year improvement in Q1 2024 profitability’, the company has detailed in a SEC filing, citing ‘recent strength in demand through Spring Break travel periods and continued recovery of West Coast business travel’.
Financial updates issued by Alaska indicate estimated available seat miles for the first quarter to be down around 2.5%, while adjusted losses per share will be between $0.55-$0.45: a first quarter performance ‘now on track to exceed the expectations [Delta] held into the coming year’.
In its full year 2023 earnings call, the airline has previously said that it expects to make a loss of $150 million in 2024 due to the extended grounding of its 737 MAX 9 fleet. The update explained that it has since received ‘partial compensation from Boeing’ which will be accounted for in its Q1 earnings, with its adjusted loss per share expectation reflecting this compensation.
Alaska Airlines predicts narrower losses for Q1 2024
