India, July 21 -- Alaska Air Group, Inc. (ALK) on Tuesday reported a second-quarter net loss as sharply higher fuel costs offset strong revenue growth. The company projected improved financial performance in the third quarter on strengthening demand and moderating fuel prices.
For the second quarter, the airline posted a net loss of $76 million or $0.68 per share, compared with net income of $172 million or $1.42 per share a year earlier.
On an adjusted basis, the company reported a loss of $102 million or $0.92 per share.
Total operating revenue increased 10% to $4.07 billion from $3.70 billion, driven by an 8.6% rise in unit revenue.
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Aircraft fuel ex...