Alaska writes down value of 10 A320s it is retiring

In an SEC filing on October 1, Alaska Airlines stated that its management had authorised a plan to retire 10 owned Airbus A320 aircraft “earlier than previously scheduled”. Having concluded that the carrying value was no longer recoverable, Alaska will record an impairment charge between $115 million and $125 million. The airline stated that it continues to evaluate future options for these aircraft, as well as its overall fleet composition.