Alaska Airlines Group yesterday announced it has authorized share repurchases for up to $50 million of its common stock that it intends to finance with cash on hand. It repurchased approximately $160 million of its common stock through similar programs in 2007, 2008 and 2009. Chairman and CEO Bill Ayer told investors at the Merrill Lynch Global Transportation Conference yesterday, "We have plenty of cash today and plenty of sources for the future if we need that." The carrier ...

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