Alaska Air forecasts narrower-than-expected loss
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March 12 (Reuters) - Alaska Air Group, the operator of the 737 MAX 9 jet that experienced a mid-air cabin panel blowout, forecast a narrower-than-expected first-quarter loss on Tuesday due to strong travel demand.
The company forecast a quarterly adjusted loss per share of 55 cents to 45 cents per share, compared with average analysts' expectation of loss of $1.18 per share, as per LSEG data.
The first-quarter forecast reflects an unspecified partial compensation the carrier received from Boeing, Alaska added. (Reporting by Abhijith Ganapavaram and Aishwarya Jain in Bengaluru; Editing by Tasim Zahid)
