Alaska Air Group (NYSE: ALK) on Thursday reported a wider than expected adjusted net loss of $399 million in the third quarter versus 2019, with total revenue falling 71% to $701 million.
The adjusted net loss was $40 million lower than for the second quarter. Cargo and miscellaneous revenue was 25% lower at $45 million.
Alaska lowered its daily cash burn in the quarter to $4 million per day from $5 million daily in the second quarter.
The airline achieved an adjusted earnings per share of...
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