Seattle USA-based Alaska Airlines (NYSE: ALK) launched its Permanent Fund Dividend sale featuring savings on air fares for residents of the 49th state.
The Alaska Permanent Fund is a constitutionally established permanent fund established in Alaska in 1976, shortly after the oil from Alaska´s North Slope began flowing to market through the Trans-Alaska Pipeline System. The fund was created by an amendment to the Alaska Constitution. It was designed to be an investment where at least 25% of the oil money would be put into a dedicated fund for future generations, who would no longer have oil as a resource.
A Permanent Fund Dividend is a dividend paid to Alaska residents that have lived within the state for a full calendar year.
Alaska´s special PFD rates are on routes within Alaska and between Alaska and the Lower 48 states, Hawaii, Canada and Mexico for travel purchased by October 29 2013.
Sample one-way fares include Anchorage-to-Fairbanks, Alaska for USD 98 and Anchorage-to-Seattle for USD 199. All fares are one way and valid for travel beginning October 8, 2013, through August 18, 2014, except for some markets as listed below, which have different start and completion dates. Travel requires a 14-day advance purchase.
Customers can combine sale fares to enjoy savings on Alaska Airlines Vacations packages as well, which include air transportation, hotel accommodations, optional ground transportation and tours.
Alaska Airlines serves 95 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico.
Find out more at www.alaskaair.com.