Alaska Air Group Inc.

NYSE:ALK   10:31:02 AM EDT
72.11
+0.44 (+0.61%)
Other Pre-Announcement

Alaska Air Group Says August Cash Burn Was About $80 Million

Published: 09/09/2020 10:49 GMT
Alaska Air Group Inc. (ALK) - Alaska Air Group Inc - August Cash Burn Was Approximately $80 Million, Which Was Lower Than Cash Burn in July.
Alaska Air Group - Expect September Cash Burn Will Be Approximately $150 Million.
Alaska Air Group - As of September 8, Air Group Had Cash and Short-term Investments of Approximately $3.6 Billion.
Alaska Air Group Inc - Sees Sept Revenue Passengers Year-over-year Down 65%-70%.
Alaska Air Group - Planning Assumptions Are for Q3 Capacity to Be Down Approximately 55%.
Alaska Air Group Inc - Sees Sept Total Revenue Year-over-year Down About 70-75%.