Alaska Air Withdraws 2025 Outlook After Q1 Loss

Alaska Air Group reported first-quarter 2025 results with an adjusted loss per share of $0.77 and revenue of $3.14 billion, both missing analyst expectations. The airline forecasts second-quarter adjusted earnings of $1.15 to $1.65 per share, well below Wall Street estimates, citing a 6% revenue impact from continued demand softness and lower fares. Due to persistent macroeconomic uncertainty and declining discretionary travel, Alaska Air withdrew its full-year financial outlook, mirroring similar moves by Delta and Frontier. Despite these challenges, the company highlighted a 9% year-over-year revenue increase in the first quarter, ongoing profitability, and strong demand in premium and Hawaii routes. The carrier maintains a strong cash position amid industry-wide weaker pricing power. Alaska Air may update its full-year guidance in July if economic conditions improve.