Company Profile For Alaska Air Group, Inc.

Alaska Air Group, Inc. (Air Group) is a holding company. It operates through its subsidiaries Alaska Airlines, Inc. (Alaska) and Horizon Air Industries, Inc. (Horizon). The Company provides passenger air service to approximately 25 million passengers per year to nearly 100 destinations. It also, provides freight and mail services, primarily to and within the state of Alaska and on the West Coast. As of December 31, 2008, Alaska operates an all-jet fleet with an average passenger trip length of 1,113 miles. As of December 31, 2008, Horizon operates turboprop and jet aircraft, and its average passenger trip length was 357 miles.

BRIEF: For the nine months ended 30 September 2009, Alaska Air Group, Inc.'s revenues decreased 10% to $2.55B. Net income totaled $97.5M vs. a loss of $60.7M. Revenues reflect a decrease in the passenger revenue, lower freight & mail income and the absence of change in mileage plan terms. Net income was offset by decreased aircraft fuel, including hedging gains & losses, lower selling expenses and the absence of restructuring charges.