ITEM 2.06 Material Impairment
Alaska Air Group, Inc. (the Company) management has authorized a plan to retire
its Q400 fleet prior to the end of their recorded useful lives. As a result of
this decision, the Company evaluated the fleet for impairment and concluded that
the carrying value was no longer recoverable. As of December 31, 2021 the net
book value of the fleet and related assets was approximately $115 million.
Management is currently evaluating the magnitude of the expected impairment.
ITEM 7.01. Regulation FD Disclosure
On March 24, 2022, the Company hosted its Investor Relations Day in New York and
live via webcast today. Materials used in conjunction with the presentation are
furnished as Exhibit 99.1 to this Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the information under
this item shall not be deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), nor shall such information
be deemed incorporated by reference in any filing under the Securities Act of
1933, as amended, except as shall be expressly set forth by specific reference
in such filing. This report will not be deemed an admission as to the
materiality of any information required to be disclosed solely to satisfy the
requirements of regulation FD.
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