Alaska air group qtrly adjusted loss per share $3.54

Qtrly net loss of $1.73.qtrly adjusted loss per share $3.54.qtrly total operating revenue of 421 million versus 2,288 million.qtrly load factor 38.4% versus 86.2%.in july 2020, eliminated 300 management positions.in july 2020, initiated early-out programs for frontline workers, offered incentive leaves to pilots.qtrly casm excluding fuel and special items 21.87 cents versus 8.33 cents.guests aged 12 and older are required to wear a mask throughout all stages of travel.lowered cash burn from an exit rate of $400 million per month in march to $120 million in june, a 70% reduction.existing employee base of about 23,000 may need to be reduced by about 7,000 employees.planning assumptions for third quarter capacity to be down about 50% and fourth quarter capacity to be down about 35%.alaska air group- early-out, incentive leave and non-union management reductions expected to cost between $250 million - $300 million ,to be recorded in q3.alaska air group- as of july 22, 2020, air group had cash and short-term investments of approximately $3.7 billion..alaska air group says public health and economic crises resulting from outbreak of covid-19 has had an unprecedented impact on business.q2 earnings per share view $-3.73, revenue view $349.2 million -- refinitiv ibes data.alaska air group - expect to send out warn notices on august 1 to employees who may potentially be impacted by involuntary furloughs in future.
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