Executives said they will trim the planned growth of Alaska Airlines’ Boeing aircraft fleet over the next six months to match lowered expectations of air travel volume.
Two Alaska Airlines planes are parked at the Ted Stevens Anchorage International Airport on Friday, June 5, 2020.
Alaska recorded a net third-quarter profit of $139 million on $2.8 billion of revenue, versus the consensus expectation among Wall Street analysts of a $240 million profit, according to S&P Global Market Intelligence. Earnings per share were $1.08 versus an expected $1.87. On Thursday’s earnings call, Alaska’s Chief Commercial Officer Andrew Harrison outlined the other factors dragging down the financial results. After the big post-COVID surge in air travel, he said “demand for leisure looks to have normalized and without further return of business demand.”
Alaska had been on an aggressive growth plan. In September, it finally retired its last Airbus jets and in the third quarter, added another five 737 MAX 9s with more seats than the aircraft they replace.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stumptown’s First Custom Coffee for Altitude Is Exclusively Available on Alaska AirlinesAlaska Airlines announced it will serve an exclusive Stumptown coffee blend crafted for sipping at altitude on all flights. In addition, the airline will pour Stumptown's Holler Mountain coffee and Hair Bender espresso in its JFK and PDX airport lounges.
Read more »
Greta Thunberg was among climate activists detained at a protest to disrupt oil executives' forumGreta Thunberg was among dozens of protesters who chanted 'oily money out' and sought to block access to the InterContinental Hotel on Park Lane, which is hosting the Energy Intelligence Forum.
Read more »
Report: NBA executives don’t anticipate Indiana Pacers’ Buddy Hield will be traded before seasonHield and the Pacers are at a halt with contract extension talks
Read more »
SpaceX, Blue Origin, Virgin Galactic executives urge senators to improve the FAAExecutives from top U.S. space companies called for improvements to the FAA's regulatory and licensing process during a Senate hearing on Wednesday.
Read more »
SpaceX, Blue Origin, Virgin Galactic executives urge senators to improve the FAAExecutives from top U.S. space companies called for improvements to the FAA’s regulatory and licensing process during a Senate hearing on Wednesday.
Read more »