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Alaska Air exercises options on 12 Boeing 737-9 aircraft

Alaska Air Group Inc. (ALK) said Monday it is exercising options early on 12 Boeing Co. 737-9 aircraft, bringing total firm commitments to 93 737-9 aircraft. Of that total, five aircraft are currently in service. "We are excited to accelerate Alaska's growth, building on our solid financial foundation that enabled us to weather the pandemic," said Nat Pieper, senior vice president of fleet, finance and alliances. "These aircraft are a prudent, long-term investment in our business that we can make while simultaneously maintaining our strong balance sheet." Alaska Air's stock has dropped 17.5% over the past three months through Friday, while the U.S. Global Jets ETF (JETS) has shed 13.2%. Boeing's stock has gained 2.6% the past three months, while the Dow Jones Industrial Average has tacked on 3.3%.

-Tomi Kilgore

 

(END) Dow Jones Newswires

08-16-21 0811ET

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