Here's the thing about marketing, at least from my little corner of the world. It isn't just about Alaska Air selling more tickets... although it happens. Whether that single vein receives increased flow enough to substantiate that price tag is dependent on the price/cost. But there are other reasons for marketing:
1. To keep your branding strong. For Alaska, they don't want to lose ground to Southwest or Delta or whomever. They don't have any intel on Delta making a move, but they don't want the battle either.
2.Many times, these things are strategic. They have heard Delta wants to make a move on Seattle, part of THEIR marketing plan is to get naming rights and Alaska needs to preempt that. Many, many times this can happen and the public never knows about it.
3. Targeting a demographic. Alaska got a hold of some numbers that show they could increase their revenue by courting the sports world a bit more.
4. Positioning. Alaska is making a move. They are stretching out. They buy the rights to the Utah Stadium because they want more of the Salt Lake market.
5. Experimental product. For Alaska, they are running new routes and they want to use this move in conjunction with the new routes.
Just the ones off the top of my head. But basically, there are many companies that do this strictly to remain "out there". In today's ADD/ADHD world, if you aren't continually out there, you're going to be forgotten. #1 on my list is #1 for a reason.
EDIT: and your jab at the NRA... Since I'm a member, I'd be good with it.
NRA Board member Ted Nugent likes your affiliation. Other recent wisdom from Ted:
"Don't ask why," Nugent said. "Just know that evil, dishonesty and scam artists have always been around and that right now they're liberal, they're Democrat, they're RINOs, they're Hollywood, they're fake news, they're media, they're academia, and they're half of our government, at least."
"So come to that realization," he continued. "There are rabid coyotes running around, you don't wait till you see one to go get your gun, keep your gun handy. And every time you see one, shoot one."
Nugent's comments come days after he called the Parkland, Florida, shooting survivors "liars" and "poor, mushy-brained children."
That said, thanks for the good marketing insight. Are you saying that Alaska DID buy naming rights to Utah's stadium? Or was that just a hypothetical.