Alaska Air Group Sees FY23 Capacity Growth Of 11%-13%; Revenue Growth Of 8%-10%; CASMex Down 1%-3%; Sees EPS Of $5.50-$7.50 Vs. $6.6 Estimate
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group has projected its FY23 capacity growth to be between 11% and 13%, with revenue growth expected to be between 8% and 10%. The company also anticipates a 1% to 3% decrease in CASMex. The estimated EPS is between $5.50 and $7.50, which is lower than the $6.6 estimate.
July 25, 2023 | 10:15 am
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NEUTRAL IMPACT
Alaska Air Group's FY23 projections show growth in capacity and revenue, but a decrease in CASMex and a lower EPS than previously estimated.
The company's projected growth in capacity and revenue indicates a positive outlook. However, the decrease in CASMex and lower than estimated EPS could potentially impact investor sentiment and the stock's performance. The overall impact is neutral as the positive and negative factors could balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100