Alaska Airlines response to COVID-19

In an operational update filed on March 16, Alaska Airline stated that in response to the reduced demand due to the fallout of the new coronavirus, COVD-19, it was immediately reducing capacity for April by at least 10% and May by at least 15% from original expectations. The airline says that it intends to monitor demand and continue to reduce capacity on a rolling 15 day basis as needed. Alaska Air says that the company is pursuing additional borrowing of approximately $500 million and has suspended at least $300 million of its capital spending, largely through the deferral of pre-delivery