Alaska Airlines to cut 200 jobs as rising fuel costs hit earnings

US-based Alaska Airlines will cut around 200 non-contract jobs as rising fuel prices and geopolitical challenges strain its finances. CEO Ben Minicucci warned of an adjusted pretax loss of up to $700 million in 2026. The cuts affect less than 1% of its roughly 32,500 employees, including 125 positions in Washington state and 48 in Hawaii.