Originally Posted by
SkyHigh
"On Tuesday, Alaska Air Group (nyse: ALK - news - people ) , the parent of Alaska Airlines, warned that it faces a third-quarter loss mostly because its fuel hedges are under water by $220.0 million. It also plans to cut capacity more than previously expected because of the Boeing (nyse: BA - news - people ) strike." Forbes
I found this reference to Alaska Airlines on the internet today.
Skyhigh
Not quite. They are saying the group will have a third quarter adjusted profit but a GAAP loss. Last quarter this was reversed and they moaned and cried that the adjusted loss was what was important. Now they are moaning and gnashing their teeth saying the GAAP loss is what counts and the world is coming to an end. If only the pilots could give a little more....