Alaska airlines and horizon air announce details of aid expected under cares act

Alaska airlines and horizon air announce details of aid expected under cares act.alaska airlines- program will provide alaska and horizon with a total of $992 million, to be used exclusively for cost of employee payroll and benefits.alaska airlines - airlines are currently working through detailed agreements necessary and expect to finalize those agreements later this week.alaska airlines- funding is expected to cover about 70% of budgeted costs through sept. 30, 2020.alaska airlines - under the program co also agreed to additional conditions such as no involuntary furloughs.treasury will receive right to buy 847,000 non-voting shares of alaska air group at a price of $31.61/share.alaska airlines- alaska, horizon told treasury their intent to apply for $1.128 billion in federal loans through separate program under cares act.alaska airlines - alaska agreed for continued suspension of dividends and share repurchases until sept. 30, 2021.alaska airlines- alaska agreed for limits on executive compensation through march 24, 2022.
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