ITEM 2.06 Material Impairment

As previously reported in a Form 8-K filed by Alaska Air Group, Inc. (the "Company") on March 24, 2022, the Company's authorization of a plan to retire its Q400 fleet prior to the end of their recorded useful lives resulted in a material impairment. As of December 31, 2021, the net book value of the fleet was approximately $115 million.

After completing the impairment evaluation, the Company expects the charges to be approximately $70 million. The Company will continue to evaluate the need for further impairment or adjustments for owned and leased long-lived assets as fleet decisions evolve.

© Edgar Online, source Glimpses