Alaska Air Group Announces up to $50M Stock Repurchase Program

Alaska Air Group Inc. ALK today announced that its board of directors approved a stock repurchase program authorizing the company to buy up to $50 million of its common stock. The company intends to finance the repurchases with cash on hand. The repurchase program authorizes the company to purchase its common stock from time to time through open market purchases, negotiated transactions or other means, including accelerated share repurchases and 10b5-1 trading plans in accordance with applicable securities laws.