SEATTLE, Jan. 21, 2016 /PRNewswire/ --The board of
directors of Alaska Air Group (NYSE: ALK) declared a quarterly cash
dividend of 27.5 cents per share,
payable March 8, 2016 to all
shareholders of record as of Feb. 23,
2016. This is the third time the company has raised the
dividend since initiating it in July of 2013. The average dividend
increase has been 40%.
"Alaska Air Group is producing record results and we are excited
about our future. We are delighted to increase the capital we are
returning to our owners," said CEO Brad
Tilden.
Dividends are financed from operating cash flow and cash on
hand.
Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK),
together with its partner regional airlines, serves more than 100
cities through an expansive network in the United States, Canada, Mexico and Costa
Rica. Alaska Airlines ranked "Highest in Customer
Satisfaction Among Traditional Carriers in North America" in the J.D. Power North America
Airline Satisfaction Study for eight consecutive years from 2008 to
2015. Alaska Airlines' Mileage Plan also ranked "Highest in
Customer Satisfaction with Airline Loyalty Rewards Programs" in the
J.D. Power 2014 and 2015 Airline Loyalty/Rewards Program
Satisfaction Report. For reservations, visit www.alaskaair.com. For
more news and information, visit the Alaska Airlines Newsroom at
www.alaskaair.com/newsroom.
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SOURCE Alaska Air Group