Printer Friendly

Alaska Air Group to repurchase up to USD50m of common stock.


Alaska Air Group Inc (NYSE: ALK) said Thursday that its board of directors have approved a stock repurchase programme, thus authorising the company to buy up to USD50m of its common stock.

Under the repurchase programme Alaska Air Group will be able to purchase its common stock from time to time through open market purchases, negotiated transactions or other means. The company plans to fund these repurchases with cash on hand.

In 2007 and 2008 Alaska Air Group repurchased almost USD112m of its common stock.

((Comments on this story may be sent to
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Airline Industry Information
Date:Jun 12, 2009
Previous Article:ExpressJet Airways records load factor of 78.2% for May.
Next Article:Runway Status Lights now operating at LAX following installation by FAA.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters