- Alaska Air projects third-quarter earnings per share (EPS) in the range of $2.15 to $2.25.
- Previous EPS estimates were between $1.40 and $1.60.
- Expected fuel costs per gallon are now $2.60 to $2.70.
- Earlier, fuel cost estimates ranged from $2.85 to $2.95 per gallon.
- The company still anticipates a capacity increase of 2% to 3%.
- Improved revenue and lower fuel costs contributed to the raised EPS forecast.
- Economic fuel costs are lower due to moderating crude oil prices and West Coast refining margins.
- There has been strong demand for summer travel.
- Unit revenue saw a positive shift in August, continuing into September.
- Revenue outperformed expectations due to additional July revenue related to CrowdStrike disruptions and strong performance in August and September.
- Analyst ratings: 9 buys, 4 holds, and 0 sells.
A look at Alaska Air Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Alaska Air Group, Inc., an airline holding company, shows a promising long-term outlook according to the Smartkarma Smart Scores. With strong scores in Value, Growth, Resilience, and Momentum, the company appears well-positioned for future success. The higher scores in these factors indicate a favorable overall outlook for Alaska Air Group, suggesting potential for solid performance and growth in the aviation industry.
Alaska Air Group, through its subsidiaries, offers air services to passengers across various destinations. Additionally, the company provides freight and mail services, primarily catering to Alaska and the West Coast regions. With a combination of positive scores in key areas, Alaska Air Group seems to have a robust foundation for sustained growth and resilience in the competitive airline market.
Summary: Alaska Air Group, Inc. is an airline holding company that offers air services to passengers in multiple destinations. The company also provides freight and mail services, mainly focusing on Alaska and the West Coast.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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