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Alaska Air cuts FY23 EPS view to $4.25-$4.75 from $5.50-$7.50, consensus $5.16

Raises FY23 revenue view to up 7%-8% from 8%-10%, consensus $10.51B. Sees FY23 capacity up 12%-13%. Sees FY23 CASM down 1%-2%. Sees FY23 adjusted pretax margin 7%-8%. Sees FY23 capital expenditures $1.7B.

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