U.S. airlines have enjoyed a travel boom for the past three years, but until this past quarter, big-spending corporate travelers had been largely missing. The U.S. airlines that have so far released results - including Delta, United and Alaska Air - all reported a sharp rebound in flying for business purposes. On Thursday, Alaska Air said increased spending by technology companies like Amazon.com and Microsoft in the March quarter increased revenue from corporate travel to pre-pandemic levels.
ALK earnings call for the period ending March 31, 2024.
Alaska Air start to the year has been far from smooth but the turbulence may be easing. Alaska reported Thursday a first-quarter per-share loss of 92 cents. It was always going to be a difficult quarter after a door panel blew off an Alaska Airlines Boeing 737 MAX 9 plane midflight in early January.