Alaska posts Q2 loss of $439 million 

Alaska Airlines has posted a net loss of $439 million in Q2 the second with the carrier attributing this to the ongoing COVID 19 pandemic. Alaska Airlines grounded 89 mainline aircraft from their fleet and eliminated 300 management positions from their payroll. In addition as part of a cost-cutting programme the carrier has boosted its balance sheet with $1.2 billion CARES Act financing as well as a USD 1.2 billion round of enhanced equipment trust certificates secured by 61 aircraft in the company´s fleet. Alaska also hast the option to take an additional $1.1 billion in CARES Act loans. Over