Alaska Air Group - Sees Q1 Economic Fuel Cost Per Gallon $3.35 To $3.45
March 14 (Reuters) -Alaska Air Group Inc ALK.N:
ALASKA AIR GROUP - SEES Q1 ECONOMIC FUEL COST PER GALLON $3.35 TO $3.45
SEES Q1 ADJUSTED PRE-TAX MARGIN NEGATIVE 3%-6%
ALASKA AIR GROUP - FOR Q1, CAPACITY, REVENUE, AND CASMEX HAVE DEVELOPED IN LINE WITH OUR PREVIOUSLY GUIDED EXPECTATIONS
SEES ONE TIME SPECIAL CHARGE OF APPROXIMATELY $50 TO $55 MILLION IN Q1
ALASKA AIR GROUP - EXPECT FUEL COSTS WILL CONTINUE TO BE DIFFICULT TO PREDICT GIVEN MARKET VOLATILITY FOR BOTH CRUDE OIL PRICES AND REFINING MARGINS
ALASKA AIR - IN Q1, ENTERED NEW LETTER OF AGREEMENT WITH PILOTS WHICH RAISES PORTION OF PILOT SICK LEAVE BALANCES ELIGIBLE FOR CASH OUT ON RETIREMENT
Q1 CAPACITY (ASMS) & TOTAL REVENUE GROWTH FORECAST UNCHANGED
ALASKA AIR - FULL QUARTER ADJUSTED PRE-TAX MARGIN EXPECTATIONS SOFTENED SLIGHTLY DUE TO ELEVATED FUEL COSTS WHICH ENDURED LONGER IN PERIOD THAN EXPECTED
Q1 REVENUE VIEW $2.21 BILLION -- REFINITIV IBES DATA
Further company coverage: ALK.N
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