Alaska Air Group, the parent company of Alaska Airlines, Hawaiian Airlines, and Horizon Air, will lay off about 200 workers as financial losses tied to the higher price of jet fuel grow.
The obtained an email sent to employees Friday morning acknowledging the cuts.
“Despite having the right strategy and strong momentum, fuel prices and geopolitical challenges are putting significant financial pressure on our business,” CEO Ben Minicucci wrote. “If current conditions persist, we could lose as much as $700 million this year, which would be our first adjusted pretax loss outside of the pandemic since 2003.”…