Alaska’s stronger sales fail to prevent a quarterly loss as fuel costs rise
Alaska Air Group ($ALK) reported quarterly revenue of $4.3 billion, up 14%, on a 2.4% increase in capacity. Unit revenue rose 11.7%, loyalty revenue grew 21% to $721 million and premium revenue increased 25%. Despite those gains, the company recorded a GAAP net loss of $147 million, or $1.32 per share, and an adjusted net loss of $35 million, or $0.31 per share. Fuel averaged $3.94 per gallon, above the $3.75 assumption used in the company’s expectations, adding pressure even as demand-related m
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