Alaska Air’s $500 Million Debt Sale Shows How Iran War Fuel Shock Is Hitting U.S. Airlines
Alaska Air Group launched a $500 million private debt offering Wednesday as jet fuel prices nearly doubled following U.S.-Israeli strikes against Iran. The five-year senior notes, due 2031, will help offset surging costs that forced Alaska to withdraw its profit forecast last month. American Airlines and JetBlue also raised debt recently to manage higher fuel bills.