The Alaska Air Group has announced its financial results for the first quarter of 2021, and like many other U.S. airlines, is eyeing a return to profitability later in 2021. The Seattle-based carrier reported a net loss of $131 million following Generally Accepted Accounting Principles or GAAP. While the airline’s losses seem relatively small, when adjusted to exclude money from the payroll support program, fuel hedge adjustments and special items net losses sat at $436 million. Total operating revenue for…
The grounding of the Boeing 737 MAX by the Federal Aviation Administration will come at an estimated cost of $350 million to American Airlines, as reported by the airline during an updated profit forecast for the year. The airline has canceled flights through August while waiting for Boeing to release…
