Alaska Air Sees Better-Than-Expected Losses Despite Boeing Costs

Alaska Air Group Inc. forecast losses that were better than expected, even as the grounding of Boeing 737 Max 9 planes following its January fuselage blowout curtailed profits at the airline by at least $150 million.

Alaska Air sees a first-quarter adjusted loss per share of about 45 cents to 55 cents, the company said in a regulatory filing on Tuesday. That compared to the average analyst estimate of loss of $1.18.