Alaska Air Group Raises Q3 Adj EPS Outlook From $1.40 - $1.60 To $2.15 - $2.25 (Est $1.60)
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group has raised its Q3 adjusted EPS outlook from $1.40-$1.60 to $2.15-$2.25, driven by better-than-expected revenue and lower fuel costs. The company cites additional revenue from industry disruptions and strong performance in August and September.
September 12, 2024 | 10:13 am
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Alaska Air Group has increased its Q3 adjusted EPS guidance significantly due to better-than-expected revenue and lower fuel costs. This positive revision is driven by additional revenue from industry disruptions and strong performance in recent months.
The increase in EPS guidance from $1.40-$1.60 to $2.15-$2.25 is a significant positive indicator for Alaska Air Group. The better-than-expected revenue, driven by industry disruptions and strong performance, along with lower fuel costs, suggests improved profitability. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100