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Stock impact report

Alaska Airlines and Horizon Air announce details of aid expected under the CARES Act

Alaska Air Group, Inc. (ALK) 
Last alaska air group, inc. earnings: 1/28 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.alaskaair.com/investors
Company Research Source: PR Newswire
SEATTLE, April 14, 2020 /PRNewswire/ -- Alaska Airlines and Horizon Air agreed to general terms today with the U.S. Treasury regarding their participation in the Payroll Support Program (PSP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The airlines are currently working through the detailed agreements necessary before the Treasury will disburse funds and expect to finalize those agreements later this week."We are grateful for and humbled by this support," said Brad Tilden, Alaska Air Group's Chairman and CEO. "This aid will bring immediate and sorely needed liquidity to the airline industry and will enable all airlines – including Alaska – to continue serving our customers and to keep our people at work, while we adjust to an extraordinary reduction in demand.  All of us at Alaska want to express our deep appreciation to President Trump and Vice President Pence, to Secretaries Mnuchin and Chao, to those working at the department of the Treasury, and to all mem Show less Read more
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