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Alaska Air Group Buyback

OLI recorded this information on 8/6/2015

Company: Alaska Air Group
Buyback: ALK buyback
$Amount Authorized: $1,000,000,000
Buyback Details: The board of directors of Alaska Air Group (NYSE: ALK) has approved a share repurchase program authorizing the company to buy back up to $1 billion of its common stock. This is the largest repurchase program in the airline's history, representing 10 percent of the stock market capitalization of the company.

Alaska Air Group operates two airlines, Alaska Airlines, Inc. (Alaska) and Horizon Air Industries, Inc. (Horizon). Co. also includes McGee Air Services, an aviation services provider. Co. has three operating segments: Mainline, which includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, Costa Rica and Belize; Regional, which includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA); and Horizon, which includes the capacity sold to Alaska under a CPA.

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Company Name:  Alaska Air Group, Inc.
Stock buyback:  ALK buyback
Website:  www.alaskaair.com
Sector:  Airlines
Number of ETFs Holding ALK:  57
Total Market Value Held by ETFs:  $1.21B
Total Market Capitalization:  $5.14B
% of Market Cap. Held by ETFs:  23.53%
 

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April 19, 2024    3:05 AM Eastern
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Strong Buy (3.57 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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