Alaska Airlines Cuts Jobs As $700 Million Loss Looms, CEO Admits Overhead Costs Grew Too Fast

Alaska Air Group is cutting about 200 jobs as CEO Ben Minicucci warns the company could lose as much as $700 million this year if current conditions persist. Higher fuel prices are the immediate problem, but Minicucci also acknowledged that overhead has grown too quickly. That is a sobering backdrop for an airline pur…

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