Alaska posts $232 million Q1 loss 

Alaska Airlines has reported a net loss for the first quarter of 2020 of $232 million, compared to net income of $4 million in the first quarter of 2019. “The impacts of COVID-19 on our business have been unprecedented,” Alaska said. “Demand deterioration began in February, and in March cancellations overwhelmed new bookings. Today demand remains over 90% below normal levels. Alaska Air Group’s priorities as it continues to manage through this crisis are to ensure the health and safety of guests and employees, to preserve financial strength, and to plan for the future of the company.” Alaska’s capacity in