Quartz·1 min read·easy
Alaska Air swung to a loss on surging fuel costs but expects a summer rebound
✦AI Summary
Alaska Air reported a quarterly loss driven by an 85% increase in fuel costs compared to the previous year. Despite the financial setback, the airline remains optimistic about a recovery during the summer travel season.
Economic fuel costs hit $4.43 per gallon in the second quarter, up 85% year over year, adding $600 million in incremental expense
businesseconomy
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