Alaska Air Group prices $500M in senior notes as jet-fuel spike adds ~$600M to Q2 costs
Alaska Air Group said it is pricing a previously announced $500 million private offering of senior notes, fully guaranteed on a senior unsecured basis, to help manage soaring jet-fuel costs. The company expects elevated fuel prices to add about $600 million to second-quarter expenses alone, with up to $1 billion in borrowing targeted across two transactions.