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Alaska Air forecasts 40% capacity cuts in Q4, more cuts into 2021

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An Alaska Airlines plane takes off from New York’s JFK Airport in 2019.


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Alaska Air Group Inc. forecast fourth-quarter capacity to be down about 40% and said more than 4,000 employees, including pilots and mechanics, took extended leaves as it expects to slash capacity further into next year.

“We are uncertain what shape the recovery will take, and we are continuously monitoring trends in demand to determine our capacity decisions as the situation unfolds,” Alaska
ALK,
-1.06%

said in a filing Tuesday.

As of Oct. 1, about 400…



Source marketwatch.com

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