Alaska Air Profit Amid Fuel Surge | Spokane News

Alaska Air defied the odds, posting a profit in June despite fuel costs soaring nearly 70% from last year. CEO Ben Minicucci admitted Q2 would’ve been stronger without that spike, though the quarter still ended with a 92-cent-per-share loss. Wall Street’s Q3 expectations were slightly lowered, with forecasts hovering around breakeven to $1 per share. Yet demand stayed strong, fueling revenue growth that accelerated each month—with June up 13% year-over-year. Corporate travel surged, and summer/fall bookings look solid. The airline plans modest capacity growth (2-3%) focused on international routes, while scaling back elsewhere to manage fuel. Premium cabins, loyalty programs, cargo, and global routes are getting more emphasis—premium revenue jumped 15% to now account for 35% of total income. Hawaii saw a weather-related dip, but recovery is expected in fall. A clearer full-year outlook will come later this month as fuel and fare trends stabilize. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8bc1a434f3c42485