Alaska Air Group to cut 200 jobs amid projected $700 million annual loss
- Alaska Air Group announced plans to cut around 200 jobs due to rising fuel prices and growing financial pressure.
- CEO Ben Minicucci warned the airline could lose up to $700 million in 2026 if current conditions continue.
- • The layoffs affect 125 employees in Washington and 48 in Hawaii, representing less than 1% of its workforce.
- Affected employees will leave by November 13 but receive pay until December 31, along with financial compensation and other support.
Source: economictimes.indiatimes.com
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