Alaska Air Group Inc. (NYSE:ALK) said Monday it expects third-quarter adjusted earnings per share to come in at the low end of its prior $1.00 to $1.40 forecast, as higher fuel prices and operational issues weighed on results.
Refinery disruptions on the West Coast lifted the airline’s expected fuel cost to $2.50 to $2.55 per gallon, above its earlier estimate of about $2.45. Weather, air traffic control delays, and a July IT outage added expenses, with the outage alone projected to trim about 10 cents per share.
