COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:  Alaska Airlines, Inc. and Horizon Air Industries, Inc.
Parent Company:  Alaska Air
Award Date:  Apr 23, 2020
Award Type:  loan
Loan or Loan Guarantee Amount:  $267,000,000
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 $267 million loan and a $725 million grant (listed separately). Alaska Air gave Treasury warrants to purchase 847,000 shares of stock.


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

Parent Accountability Issues Since 2010

Employment-related Penalties:  $77,763,395
Federal Corporate Income Tax Rate:  -0.90%
Environmental / Healthcare / Safety Penalties:  $6,171,329
Consumer Protection / Financial / Competition-related Penaties:  $675,000
Ratio of CEO Pay to that of Median Worker:  85.8 to 1
CEO Compensation:  $5,533,320
Worker Median Pay:  $64,528