Alaska Airlines warned of weaker second-quarter earnings as travel demand continues to soften, joining a broader industry trend of slowing bookings, according to CNBC. The airline forecast second-quarter unit revenue to be flat to down as much as 6% year over year, with adjusted EPS expected to fall well below analysts’ projections. Alaska attributed the headwind to “softer demand” and said it won’t revise its full-year guidance due to ongoing economic uncertainty.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Alaska Airlines warned of weaker second quarter earnings as travel demand continues to soften,
00:07joining a broader industry trend of slowing bookings, according to CNBC.
00:11The airline forecast second quarter unit revenue to be flat,
00:14but not as much as 6% year over year.
00:16The adjusted EPS expected to fall well below analyst projections.
00:20Alaska attributed the headwind to softer demand
00:22and said it won't revise its full year guidance due to ongoing economic uncertainty.
00:26For all things money, visit Benzinga.com slash GSTV.