Alaska Air is latest airline to boost guidance on strong holiday travel demand
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Alaska Airlines Inc. has increased its fourth-quarter guidance due to stronger-than-expected holiday travel demand, leading to a 1.6% rise in its stock price. The company experienced higher revenue and reduced costs.
December 10, 2024 | 12:00 pm
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Alaska Airlines Inc. raised its fourth-quarter guidance due to strong holiday travel demand, resulting in a 1.6% increase in its stock price. The company reported higher-than-expected revenue and reduced costs.
The increase in fourth-quarter guidance and the rise in stock price indicate positive investor sentiment. The strong holiday travel demand and improved financial metrics such as higher revenue and lower costs are likely to support short-term stock price appreciation.
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