NYSE:ALKAirlines
Alaska Air Group (ALK) Taps $1 Billion in New Debt and Alliance Moves Is Its Strategy Evolving?
Earlier this month, Alaska Air Group completed a private US$500,000,000 offering of 6.5% senior unsecured notes due 2031 and arranged an additional US$500,000,000 senior secured term loan backed by its Atmos Rewards loyalty program, while continuing to add new routes in California and deepen its alliance network through Hawaiian Airlines’ entry into oneworld.
This combination of fresh funding, loyalty-collateralized borrowing, and network expansion highlights how Alaska Air Group is...