Alaska Air Expects Q2 EPS Of $2.20-$2.40 Vs. $2.12 Consensus; ASMs Up 5%-7% And Economic Fuel Cost Per Gallon Between $3.00-$3.20
Portfolio Pulse from Benzinga Newsdesk
Alaska Air anticipates its Q2 earnings per share (EPS) to be between $2.20 and $2.40, surpassing the consensus estimate of $2.12. The airline expects its available seat miles (ASMs) to increase by 5% to 7% and forecasts its economic fuel cost per gallon to be in the range of $3.00 to $3.20.
April 18, 2024 | 9:19 am
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Alaska Air projects a Q2 EPS of $2.20-$2.40, exceeding the consensus of $2.12, with ASMs up 5%-7% and fuel costs between $3.00-$3.20 per gallon.
Alaska Air's projection of a higher-than-expected EPS for Q2 indicates strong financial performance and operational efficiency. The increase in ASMs suggests growth in capacity, potentially leading to higher revenues. The specified range for economic fuel costs provides clarity on operational expenses, contributing to investor confidence. Given these factors, the stock is likely to experience positive short-term movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100