Major Miss: What Led Alaska Airlines To Underperform Expectations?

The Alaska Air Group (NYSE: ALK), the parent company behind Alaska Airlines, Hawaiian Airlines, and Horizon Air, delivered a profitable third quarter. The airline group printed record revenues of around $3.8 billion and adjusted EPS of $1.05, but it cut its full-year outlook to at least $2.40 per share and guided fourth quarter earnings per share down to around $0.40, both of which came in well below analyst expectations.