Alaska Air Suspends Full-Year Guidance as Fuel Costs Pressure US Airlines
Alaska Air Group suspended its full-year profit guidance as the carrier grapples with rising fuel costs amid the war in the Middle East.
The fuel-price shock is rippling across the industry. U.S. low-cost airlines are seeking temporary tax relief to help offset soaring fuel costs, while JetBlue's chief executive said the airline does not expect to file for bankruptcy this year despite the pressure from higher fuel prices.
From the sources (4 posts)
@businessAlaska Air Group Inc. suspended its full-year profit guidance as the US carrier grapples with rising fuel costs amid war in the Middle East.
@reutersUS low-cost airlines seek temporary tax relief to address soaring fuel costs
@reutersJetBlue CEO rules out bankruptcy this year despite surging fuel costs amid Iran war
@wsjPrices for tickets, checked bags and fees have all been climbing since the start of the U.S. war in Iran. 🔗: