By Josh Beckerman
Alaska Air Group shares declined after the company said it isn't updating full-year guidance, given recent economic uncertainty and volatility.
The stock was down 9% to $41.96 to Thursday and is down about 35% this year.
The airline posted a first-quarter adjusted loss of 77 cents a share, in line with the average estimate of analysts polled by FactSet. Alaska Air Group expects second-quarter adjusted earnings of $1.15 to $1.65 a share, compared with an average estimate of $2.38.
The company said Wednesday that macroeconomic factors and a softening demand environment began to negatively impact results in February. "Absent the softer macroeconomic outlook, areas of our business within our control are performing well and in line with our prior expectations," the company said.
On Wednesday, Southwest Airlines withdrew its 2025 and 2026 guidance for earnings before interest and taxes, and American Airlines withdrew full-year guidance Thursday.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 24, 2025 13:16 ET (17:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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