Alaska airlines announces schedule reductions and other changes to conserve cash

Alaska airlines announces schedule reductions and other changes to conserve cash.suspended annual pay increases, plan to reduce hours for management employees.alaska air group - announcing suspension of cash dividend.to reduce its flight schedule for april and may by approximately 70% following falloff in demand due to covid-19.have drawn down $400 million on line of credit and closed an additional secured loan for $425 million on wednesday.100% pay reduction for both ceo and president of alaska airlines.alaska air group - flight schedules for june and beyond will be based on demand.plan to reduce hours for management employees, and will release contractors and temporary workers.board of directors have voted to take their own cash retainers to zero through sept 30.alaska air- have worked actively with white house, treasury department, congress on aid package that could total $50 billion for passenger airlines if passed.alaska is seeing demand reductions of more than 80%.
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