Alaska Air Group Holds Q1 Guide as Demand Stays Strong; Eyes Singapore Fuel Plan to Cut Costs

Management highlighted that Alaska is “a little disadvantaged on the West Coast” due to refinery margins and recent refinery closures in California, citing two closures in the past six months (one in the San Francisco area and one in Los Angeles). The company said this dynamic has at times resulted in fuel costs about $0.20 per gallon higher than peers.Demand was described as the “bright spot,” consistent with commentary from other airlines at the conference. The company also said it observed some accelerat ...