Alaska Air Says Quarterly Profit Hurt by Fuel Costs, IT Outage

Alaska Air Group Inc.’s adjusted third-quarter profit will be at the low end of the carrier’s previous estimate of $1 to $1.40 a share, driven down by a July technology outage and rising fuel prices.

The unexpected data center equipment failure that began on July 20 and forced the carrier to temporarily ground its fleet will reduce earnings by 10 cents a share, Alaska said Monday in a regulatory filing.