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Alaska Air Profit Amid Fuel Surge | Spokane News
Alaska Air defied the odds, posting a profit in June despite fuel costs soaring nearly 70% from last year. CEO Ben Minicucci admitted Q2 would’ve been stronger without that spike, though the quarter still ended with a 92-cent-per-share loss. Wall Street’s Q3 expectations were slightly lowered, with forecasts hovering around breakeven to $1 per share. Yet demand stayed strong, fueling revenue growth that accelerated each month—with June up 13% year-over-year. Corporate travel surged, and summer/fall bookings look solid. The airline plans modest capacity growth (2-3%) focused on international…
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