Alaska Air Announces Q2 Economic Fuel Cost $4.43/Gal, Up 85% YoY; Q3 Capacity Expected To Be Up ~2% To 3% YoY; Q3 Non-fuel Unit Costs Expected To Increase In Low To Mid Single Digits YoY; Q3 Economic Fuel Cost Per Gallon $3.75; Expects Q3 Adjusted EPS Range $0 To $1;
https://www.sec.gov/Archives/edgar/data/766421/000076642126000036/ex9917212026earningsrelease.htm
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Why It Matters
Alaska Air paid way more for fuel in the second quarter because oil prices went up a lot. The company is growing a little bit but costs are rising, so profits might be tight in the next quarter.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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