Alaska Air Shares Gain on Bullish Third-Quarter EPS View

Shares of Alaska Air Group, Inc. (ALK) have improved in pre-market trading on Sept. 12, 2024.  The upside was owing to the improved third-quarter 2024 guidance revealed by the company.ALK raises its third-quarter 2024 adjusted earnings per share guidance to the range of $2.15-$2.25 from the previously guided range of $1.40 to$1.60. Improved revenue and fuel cost outlook have led to the encouraging earnings per share (EPS) forecast.Alaska Air has witnessed upbeat air travel demand during the summer season, ...