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Alaska Air beats Q4 profit estimates, sees smaller Q1 loss on robust travel demand

Summary by WTVB
By Rajesh Kumar Singh and Aatreyee Dasgupta (Reuters) – Alaska Air Group on Wednesday topped Wall Street estimates for fourth-quarter profit and forecast a smaller-than-expected loss for the current quarter, driven by strong holiday and corporate travel demand as well as improved pricing power. U.S. airlines are reaping the benefits of a significant reduction in domestic seat capacity, which has driven up ticket prices. Alaska, which completed t…
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