CHICAGO, Oct 30 (Reuters) – Alaska Air Group said on Friday it would cut about 200 non-contract jobs as soaring fuel prices and geopolitical challenges put significant financial pressure on its business.
The airline could lose as much as $700 million this year if current conditions persist, its first adjusted pre-tax loss outside the pandemic since 2003, Chief Executive Ben Minicucci said in a memo to employees reviewed by Reuters.
The layoffs represent less than 1% of the company’s roughly 32,500 employees.
(Reporting by Rajesh Kumar Singh; Editing by Tom Hogue)
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