Alaska Air falls on wider Q1 loss forecast

Shares of Alaska Air ALK.N fall nearly 1% to about $36 premarket

Co forecast a Q1 adjusted loss of $2.00 to $1.50 per share, compared with analysts' estimate of a 99-cent loss - data compiled by LSEG

Says demand strength that emerged in late 2025 and accelerated early this year has recently faced headwinds from external events

The Seattle-based carrier adds surging refining margins, especially in Singapore, have pushed fuel prices higher, weighing on earnings by roughly 70 cents per share

ALK says demand heading into Q2 looks strong, with corporate bookings up more than 25%, improving yields and load factors, and a majority of revenue still to come in the peak period

As of last close, shares had fallen 28.1% YTD