COVID Stimulus Watch Individual Entry

Recipient Company:

Alaska Airlines, Inc. and Horizon Air Industries, Inc.

Loan or Loan Guarantee Amount:

$282,060,556

Recipient Details

Ownership Structure: publicly traded (ticker symbol ALK)

Facility City: SEATTLE

Facility State: WA

Award Date: Apr 23, 2020

Award Type: loan

Award Details: 1st Round Payment (PSP I)

Program Name: Payroll Support Program

Legislation: CARES

Awarding Agency: Treasury Department

Data Source for Award:

Parent Company: Alaska Air

Headquartered in: Washington

Parent Sector: airlines

Parent Industry: airlines

Employees (prior to pandemic): 24,000

Employment-related Penalties: $77,763,395

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $6,224,609

Consumer Protection / Financial / Competition-related Penalties: $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

Total Federal, State, and Local Subsidies: $163,412,308

Federal Corporate Income Tax Rate: -0.9%