BUZZ-Alaska Air down after forecasting third-quarter profit below estimates

Alaska Air Group, Inc.

Alaska Air Group, Inc.

ALK

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** Shares of carrier Alaska Air ALK.N down ~2% at $44.49 in extended trading

** ALK forecast Q3 profit below Wall Street expectations as renewed U.S.-Iran fighting continues to drive up fuel prices

** Expects Q3 adjusted profit of up to $1 per share compared with analysts' average estimate of $1.38 per share - data compiled by LSEG

** Logs Q2 adjusted loss of 92 cents per share, below analysts' average estimate of a loss of 99 cents per share

** As of Tuesday's close, stock down ~10% YTD


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