WASHINGTON—Alaska Airlines and Spirit Airlines delivered largely encouraging updates on projected second-quarter (Q2) results, providing more evidence that the U.S. market is strengthening as it hits peak summer. Seattle-based Alaska Airlines projects its Q2 RASM is expected to be up 5% year-over-year (YOY), at the top end of its 3.5-5% guidance issued in June. Entering the quarter, Alaska was projecting a wider range, with 5% at the top end. “Our RASM is expected to be at the ...

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