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bowonwing

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bowonwing

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Sunday, 06/28/2009 6:54:01 PM

Sunday, June 28, 2009 6:54:01 PM

Post# of 205
Friday, June 12, 2009; Alaska Air plans $50M stock buyback

Alaska Air Group Inc. said it plans to buy up to $50 million of its common stock.

The Seattle parent of Alaska Airlines and Horizon Air said the stock purchase will be financed with cash on hand.

“Even after the repurchase, Alaska Air Group will continue to have the best liquidity position among major U.S. airlines,” said Bill Ayer, CEO and chairman, in a statement.

In 2007 and 2008, Alaska Air Group bought back nearly $112 million of its common stock.
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