Alaska Air Group, Inc 8-K/A, filed Apr 21, 2022
Alaska Air Group, Inc. (ALK)
8-K/A
2022-04-21
For: 2022-04-21
View Original
Added on
April 11, 2026
About this 8-K/A
Alaska Air Group, Inc filed this 8-K/A on April 21, 2022.
Items reported
- Item 2.06: Material impairment
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Date of earliest event reported)
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
| (Commission File Number) | (IRS Employer Identification No.) | |||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
(206 ) 392-5040
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Ticker Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
This document is also available on our website at http://investor.alaskaair.com.
ITEM 2.06 Material Impairment
As previously reported in a Form 8-K filed by Alaska Air Group, Inc. (the "Company") on March 24, 2022, the Company's authorization of a plan to retire its Q400 fleet prior to the end of their recorded useful lives resulted in a material impairment. As of December 31, 2021, the net book value of the fleet was approximately $115 million.
After completing the impairment evaluation, the Company expects the charges to be approximately $70 million. The Company will continue to evaluate the need for further impairment or adjustments for owned and leased long-lived assets as fleet decisions evolve.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
ALASKA AIR GROUP, INC.
Registrant
Date: April 21, 2022
/s/ EMILY HALVERSON
Emily Halverson
Vice President Finance and Controller