Alaska Air announces stock repurchase programme
Alaska Air Group’s board of directors has approved a stock repurchase programme authorising the company to buy up to $50m of its common stock.
"This programme allows us to continue enhancing shareholder value through the repurchase of outstanding shares while preserving our strong cash balance," said Bill Ayer, the company's chairman and CEO.
The company intends to finance the repurchases with cash on hand. The repurchase programme authorises the company to purchase its common stock from time to time through open market purchases, negotiated transactions or other means in accordance with applicable securities laws.
