Alaska reports Q1 loss but says on track for 2023 profit

Alaska Air reported a loss of $142 million for the first quarter of 2023 (Q1 2023), almost replicating Q1 2022. The latest quarterly loss came to $1.11 per share, an improvement on the $1.14 for Q1 2022, when the reported loss was $143 million “Reported net loss for the first quarter of 2023, excluding special items and mark-to-market fuel hedge accounting adjustments” was  $79 million, or $0.62 per share, the carrier said, compared to $167 million, or $1.33 per share, in Q1 2022. “This quarter we returned to pre-pandemic levels of flying and our roadmap to profitable growth is on