An Alaska Airlines Boeing 737 Max 9 plane is at a door at the Seattle-Tacoma International Airport on January 6, 2024.
Stephen Brashear | Bloomberg | Getty images
Alaska airlines On Wednesday, he warned that the softer trip demand will become profits in the second quarter, the last one in a choir of operators who see weaker reserves than expected.
Alaska said the reserves have stabilized, but forecast a wind against six percentages due to the “softer demand.”
The carrier, who merged with Hawaiian Airlines last year, said he hopes that the income of the second quarter unit will be flat up to 6% more than a year ago and anticipates the profits adjusted per share of $ 1.15 to $ 1.65, lower than the analysts of $ 2.47 to Share Wall Street had forecasts.
The airline said it would not update its full -year guide, citing “economic uncertainty and volatility”, but said it still hopes to be profitable even if the income is under pressure in the second half of the year.
The income of the Alaska unit increased 5% in the first quarter since last year, better than the sales of national larger rivals. The financial director Shane Tackett said that customers are still reserving trips, but with lower rates than expected.
“The rates are not as strong as they were in the fourth quarter of last year and arrived 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 simply is not at the top that we all anticipate that it could continue to leave last year.”
“Alaska is built for times like these with our incessant approach to safety, care and performance,” said Ben Minicucci CEO in a profit statement. “In the midst of economic uncertainty, our teams controlled what they can control and deliver results that strengthen our long -term bases.”
This is how Alaska worked in the First quarter Compared to Wall Street expectations, according to LSEG consensus estimates:
- Loss by action: 77 tight cents against an expected loss of 75 cents
- Revenue: $ 3.14 billion compared to $ 3.17 billion expected
In the first quarter, Alaska registered a net loss of $ 166 million, below a loss of $ 132 million a year ago, and revenues of more than $ 3.1 billion, which increased by 41% for a year and less than the forecasts of analysts.
Adjusting the unique articles, Alaska reported a loss of 77 cents per action during the three months that ended on March 31, below the estimates of the analysts.
