Alaska Air Group reported a third-quarter GAAP net loss of $147 million, or $1.32 per share, driven by elevated fuel costs and a tax rate adjustment. Adjusted earnings per share, excluding certain tax impacts, were $0.36. Revenue increased 14% year-over-year to $4.3 billion on 2.4% capacity growth. The company raised its full-year adjusted loss guidance to between ($5.50) and ($5.00) per share, citing a $1.8 billion fuel headwind above initial plans. Fourth-quarter adjusted EPS is expected to be a loss of ($2.50) to ($2.00). Alaska Air Group operates as a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco.
