Alaska Air Cuts Q4 Profit Forecast 75% Amid IT Outage and Flight Disruptions.

Alaska Air Group has slashed its Q4 profit guidance by 75% to 10 cents per share due to an IT outage, US government-mandated flight cuts, higher fuel costs, and a higher tax rate. The IT outage and flight cuts disrupted the carrier's network over recent weeks, contributing to the reduced earnings forecast.