Alaska Air Overcomes January Midair Incident as Travel Demand Surges

Key TakeawaysAlaska Air Group posted a smaller-than-expected first-quarter loss and higher revenue as travel demand helped offset the January midair incident on a Boeing 737 Max 9 jet that led to the grounding of many of its planes.The carrier received $162 million in compensation from Boeing in the first quarter because of the door plug blowout.Alaska Air gave current-quarter guidance that exceeded analysts' estimates. Shares of Alaska Air Group (ALK) took off in intraday trading Thursday after the airline ...