An Alaska Airlines Boeing 737 MAX 9 taxis into a taxi at Seattle-Tacoma International Airport on March 25, 2024 in Seattle, Washington.
Stephen Brashear | Getty Images
Alaska Airlines Despite a first-quarter loss when a door jam burst on a nearly new Boeing 737 Max 9 in mid-air in January, second-quarter and full-year earnings forecast on Thursday were well above expectations due to strong travel demand.
Alaska expects adjusted earnings per share in the range of $2.20 to $2.40, above the $2.12 forecast in an LSEG analyst survey. The airline expects 2024 earnings per share of $3.25 to $5.25, well above the $4.36 average.
The Seattle-based airline reported a first-quarter net loss of $132 million, or $1.05 per share, in line with analysts’ expectations. The company also reported first-quarter revenue of $2.2 billion, slightly above the $2.19 billion expected by analysts polled by LSEG.
The airline received $162 million in compensation from Boeing Co. for the Jan. 5 crash, which led the Federal Aviation Administration to temporarily ground the planes. Alaska said it expects additional compensation from the manufacturer.
delta and Unity It also forecasts that strong travel demand in 2024 will drive profits.
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