Alaska Air Group Inc. $ALK faces persistent pressure on domestic airfares as excess capacity continues to outpace travel demand across the US aviation sector. CEO Ben Minicucci recently stated that the anticipated recovery in fares has not materialized, a sentiment echoed during the International Air Transport Association (IATA) Summit in New Delhi. The competitive landscape, intensified by an industry-wide surplus of available seats, has led to compressed ticket prices and weakened unit revenue — a critical profitability metric expressed as revenue per available seat mile (RASM).