From CNBC: 2024-04-18 13:41:41

Alaska Airlines predicts strong Q2 and full-year earnings for 2024 despite a first-quarter loss due to a Boeing 737 Max 9 accident in January. The company received $162 million from Boeing and expects more compensation. CEO stands by Boeing but anticipates delays in deliveries this year due to additional scrutiny.

Lawmakers and customers criticize Boeing for safety issues, leading to CEO’s pledge to step down by year’s end. Airline schedule changes due to Boeing quality problems affect service reliability. Alaska Airlines forecasts adjusted earnings per share above analyst expectations for 2024 and expects a revenue boost from travel demand this spring and summer.

Alaska Airlines reports revenue of $2.2 billion for Q1, slightly higher than estimates. Adjusted net loss per share for Q2 is lower than analyst projections, with the company’s stock rising over 5% in Thursday trading. Other airlines like Delta and United also anticipate strong travel demand in 2024 to bolster financial performance.



Read more at CNBC:: Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding