COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:
Alaska Airlines Inc.
Parent Company: Alaska Air
Award Date: Apr 23, 2020
Award Type: grant
Grant Amount: $725,000,000
Awarding Agency: Treasury Department
Program Name: Payroll Support Program
Award Details: Alaska Airlines and Horizon Air, subsidiaries of Alaska Air Group, announced they would receive a total of $992 million in federal assistance, consisting of a $725 million grant and a $267 million loan (listed separately). Alaska Air gave Treasury warrants to purchase 847,000 shares of stock.
Data Source for Award:
https://newsroom.alaskaair.com/2020-04-23-Alaska-Airlines-and-Horizon-Ai...

Parent Company Data

Ownership Structure: publicly traded (ticker symbol ALK)
Headquartered in: Washington
Parent Sector: airlines
Parent Industry: airlines
Employees (prior to pandemic): 24,000

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $77,763,395
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $6,171,329
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $675,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 85.8 to 1
CEO Compensation: $5,533,320
Worker Median Pay: $64,528
Tax icon
Total Federal, State, and Local Subsidies: $104,928,413
Federal Corporate Income Tax Rate: -0.9%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources