Alaska Air expects higher fuel costs to add $600 million in expenses in Q2
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Alaska Airlines reported a first-quarter adjusted loss of $1.68 per share, slightly worse than Wall Street's estimate of $1.65. Revenue was $3.3 billion, exceeding expectations. The airline anticipates a second-quarter loss of $1 per share, with fuel costs expected to add $600 million in expenses due to a 17% year-over-year increase. Alaska Airlines, like others in the industry, has raised bag fees to mitigate rising fuel costs, exacerbated by the ongoing war in Iran.
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