Alaska Air Group Expects 3Q23 Capacity Growth YoY Of 10%-13%; Total Revenue Growth YoY Of 0%-3%; And CASMex Down 0%-2%
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group has projected its 3Q23 capacity to grow by 10%-13% YoY, total revenue to increase by 0%-3% YoY, and CASMex to decrease by 0%-2% YoY. The economic fuel cost per gallon is expected to be between $2.70 and $2.80, with an adjusted pre-tax margin of 14%-16%.
July 25, 2023 | 10:14 am
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POSITIVE IMPACT
Alaska Air Group's projected growth in capacity and revenue, along with a decrease in CASMex, could potentially boost its stock in the short term.
The projected growth in capacity and revenue indicates a positive outlook for the company's operations. The decrease in CASMex, a measure of cost efficiency, suggests improved profitability. These factors could potentially boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100