Alaska Airlines Flight 261 crashed into the Pacific Ocean near Anacapa Island, California on January 31, 2000, killing all 88 people onboard. The crash was caused by a jammed horizontal stabilizer that deprived the pilots of control of the aircraft. An investigation found that maintenance issues from extended inspection intervals and improper lubrication of the jackscrew assembly led to the failure of the stabilizer control system. Management decisions to cut costs and increase flight intervals without notifying regulators contributed to the accident.