Alaska air group says will immediately reduce capacity for april by at least 10% from original expectations

Alaska air group inc - will immediately reduce capacity for april by at least 10% and may by at least 15% from original expectations.alaska air group inc - will monitor demand & will continue to reduce capacity on a rolling 15 day basis as needed.alaska air group - will suspend at least $300 million of our capital spending.alaska air group - pursuing additional borrowing of about $500 million.alaska air group inc - effective march 7, 2020 brad tilden, ceo and ben minicucci, president have reduced their base salaries to zero.alaska air group inc - will suspend share repurchases.alaska air group - will freeze hiring across co except to fill essential front line & management roles.alaska air group inc - on march 10, 2020 expected to reduce capacity in may 2020 by approximately 3%.alaska air - anticipate needing to exercise further discretionary changes, cost reduction measures, expect to make decisions over next several weeks.
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