Alaska Air CEO: Jet Fuel Prices to Cost $600M in Q2

In this video, the CEO of Alaska Air discusses the significant impact of jet fuel prices on the company's Q2 profits, estimated at $600 million. Despite this challenge, the CEO expresses confidence in the company's ability to weather the storm due to its strong financial position and recent strategic acquisitions. However, he acknowledges that fuel prices need to decrease by at least $1 per gallon for the company to cover its fuel costs. The CEO also touches on the high hurdles for airline acquisitions, emphasizing the need to be pro-competitive and pro-consumer.