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Alaska Air Drops Outlook

Benzinga

92 Views • Apr 21, 2026

Description

Alaska Air Group withdrew its full-year profit forecast as jet fuel costs nearly doubled since the Iran war began. CEO Benito Minicucci said the airline uses ~100 million gallons of fuel monthly, with each $1 increase adding ~$100M in costs. Alaska had forecast 2026 earnings of $3.50–$6.50 per share. The company shifted fuel sourcing including shipments from Singapore to Seattle amid West Coast refining constraints.

Keywords & Tags

#cnbc #aviation #Iran #TravelNews #AviationNews #AirlineIndustry #OilPrices #energyprices #FuelCosts #StraitOfHormuz #JetFuel #alk #AirlineEarnings #AlaskaAir #BenitoMinicucci

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