Alaska Air Expects 2024 EPS Of $3.25-$5.25 Vs. $6.07 Consensus; ASMs < 3% And Capex Of $1.2B-$1.3B
Portfolio Pulse from Benzinga Newsdesk
Alaska Air (ALK) forecasts its 2024 EPS to be between $3.25 and $5.25, which is below the consensus estimate of $6.07. The company expects its capacity, measured in ASMs, to increase by less than 3% and plans for capital expenditures of $1.2 billion to $1.3 billion.
April 18, 2024 | 9:22 am
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Alaska Air anticipates a 2024 EPS significantly below consensus estimates, with minimal capacity growth and substantial capital expenditures.
The projected EPS for 2024 being significantly below the consensus estimate suggests potential challenges ahead for Alaska Air, possibly affecting profitability and investor confidence. The limited capacity growth indicates a cautious approach to expansion, while the high capital expenditures could strain financial resources, all of which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100