Transportation
Alaska Air Cites ‘Challenging’ Start to 2024 With Boeing Max Grounding
- Carrier sees $150 million impact from flight disruptions
- Company’s fourth-quarter earnings beat analysts’ estimates
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Alaska Air Group Inc. expects slower growth this year and a financial hit of $150 million after a midair accident led to the grounding of a portion of its Boeing Co. 737 planes.
Flight capacity in 2024 will be at or below the low end of its prior expectation for 3% to 5% growth, the Seattle-based airline said Thursday in a regulatory filing. Including the negative financial impact, adjusted earnings will be $3 to $5 a share, while analysts expected $5 on average.