Alaska Air Group said it intends to offer 5.7 million newly issued shares. At its current share price of around $35, the airline would raise gross proceeds of almost $200 million. Citigroup Global Markets is acting as the lead managing underwriter and was granted an additional 427,500 shares to cover overallotments. Proceeds will be used for general corporate purposes including working capital, the acquisition of aircraft and other capital expenditures.
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