Alaska Air confident in $10 EPS despite fuel.
Despite high jet fuel prices causing a $600M impact in Q2 and leading to pulled full-year guidance, Alaska Air has a strong balance sheet with $3B liquidity and $20B unencumbered assets, allowing it to weather the storm short-term. Operationally, the company is performing well with on-time performance, new international routes, and integration with Hawaiian, and the CEO is focused on achieving $10 EPS by 2027, which he believes is possible if fuel prices moderate.
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Apr 21, 19:00