Alaska Air Group announces $250m share repurchase program

Alaska Air Group (ALK) announced that its board of directors has approved a stock repurchase program authorizing the company to buy up to $250m of its common stock. The program does not have an expiration date, however, Air Group is targeting completion by Dec. 31, 2014. The company also announced that it will complete its previous $50m buyback program on September 26th. Alaska Air Group has repurchased 18.1m shares of its common stock, on a split-adjusted basis, for $312m through similar programs over the past five years.