Alaska Air Exec Says Domestic Industry Capacity Set To Increase About 3% Year-Over-Year In Q3 Versus 6% In Q2; International Vs. Domestic Traffic Mix Has Not Yet Normalized
Portfolio Pulse from Benzinga Newsdesk
Alaska Air executive announced that domestic industry capacity is expected to increase by about 3% year-over-year in Q3, compared to a 6% increase in Q2. The international vs. domestic traffic mix has not yet normalized.
July 18, 2024 | 3:56 pm
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Alaska Air Group (ALK) expects a 3% year-over-year increase in domestic industry capacity for Q3, down from 6% in Q2. The international vs. domestic traffic mix has not yet normalized.
The announcement indicates a slower growth rate in domestic capacity for Q3 compared to Q2, which may suggest a cautious approach to capacity expansion. The unbalanced international vs. domestic traffic mix could impact revenue streams. However, the overall impact on ALK's stock price in the short term is likely neutral as the market may have already priced in these expectations.
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