Alaska Air shares are trading higher after the company raised its Q3 adjusted EPS guidance, reflecting improved revenue and fuel cost outlook.
Portfolio Pulse from Benzinga Newsdesk
Alaska Air's shares are rising as the company has increased its Q3 adjusted EPS guidance due to better revenue and fuel cost projections.
September 12, 2024 | 10:18 am
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Alaska Air has raised its Q3 adjusted EPS guidance, leading to a rise in its stock price. This is attributed to improved revenue and a favorable fuel cost outlook.
The increase in Q3 adjusted EPS guidance is a positive indicator for Alaska Air's financial performance, suggesting better-than-expected earnings. This has led to a rise in the stock price as investors react to the improved outlook.
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