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Alaska Air Group Reports October Operational Results

SEATTLE — Alaska Air Group Inc. (NYSE: ALK) today reported October operational results for its subsidiaries, Alaska Airlines and Horizon Air, and on a combined basis. Detailed information is provided below.

ALASKA AIRLINES - MAINLINE

Alaska reported an 8.5 percent increase in traffic on a 5.1 percent increase in capacity compared to October 2011. This resulted in a 2.6-point increase in load factor to an October record of 85.2 percent. Alaska also reported 86.8 percent of its flights arrived on time in October, compared to the 91.1 percent reported in October 2011. Hurricane Sandy had a minimal impact on Alaska's capacity as 38 flights to and from East Coast destinations were canceled. The canceled flights reduced scheduled capacity by approximately 14 million available seat miles or about 0.6% of October 2012 capacity.

The following table shows Alaska's operational results for October and year-to-date 2012, compared to the prior-year periods:
 

 
October
Year-to-Date
  2012 2011 Change 2012 2011 Change
Revenue passengers (in thousands) 1,470 1,413 4.0% 15,482 14,892 4.0%
Revenue passenger miles RPM (in millions) 1,945 1,793 8.5% 20,296 18,804 7.9%
Available seat miles
ASM (in millions)
2,283 2,172 5.1% 23,407 22,163 5.6%
Passenger load factor 85.2% 82.6% 2.6 pts 86.7% 84.8% 1.9 pts
On-time arrivals as reported to U.S. DOT 86.8% 91.1% (4.3) pts 87.9% 88.8% (0.9) pts


HORIZON AIR

Horizon reported a 7.9 percent increase in traffic on an 8.1 percent increase in capacity compared to October 2011. This resulted in a 0.1-point decrease in load factor to 77.6 percent. Horizon also reported 90.6 percent of its flights arrived on time in October, compared to the 91.8 percent reported in October 2011.

The following table shows Horizon's operational results for October and year-to-date 2012, compared to the prior-year periods:

 
October
Year-to-Date
  2012 2011 Change 2012 2011 Change
Revenue passengers (in thousands) 573 533 7.5% 5,626 5,554 1.3%
RPMs (in millions) 177 164 7.9% 1,736 1,798 (3.4)%
ASMs (in millions) 228 211 8.1% 2,224 2,307 (3.6)%
Passenger load factor 77.6% 77.7% (0.1) pts 78.1% 77.9% 0.2 pts
On-time arrivals 90.6% 91.8% (1.2) pts 91.7% 85.5% 6.2 pts
             

The year-to-date decline in capacity and traffic for Horizon from the prior year is due primarily to the completion of Horizon's transition out of the CRJ-700 regional jet. This transition was completed in June 2011.

AIR GROUP (including flights operated by third parties)

On a combined basis, Air Group reported an 8.5 percent increase in traffic on a 5.3 percent increase in capacity compared to October 2011. This resulted in a 2.5-point increase in load factor to a record 84.5 percent. These statistics include flights operated by Alaska and those under capacity purchase agreements, including Horizon, SkyWest and PenAir.

The following table shows the operational results for October and year-to-date 2012, compared to the prior-year periods:

 
October
Year-to-Date
  2012 2011 Change 2012 2011 Change
Revenue passengers (in thousands) 2,093 1,988 5.3% 21,603 20,696 4.4%
RPMs (in millions) 2,164 1,994 8.5% 22,451 20,842 7.7%
ASMs (in millions) 2,560 2,431 5.3% 26,117 24,758 5.5%
Passenger load factor 84.5% 82.0% 2.5 pts 86.0% 84.2% 1.8 pts


Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK), together with its partner regional airlines, serves 95 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. Alaska Airlines has ranked "Highest in Customer Satisfaction Among Traditional Network Carriers" in the J.D. Power and Associates North America Airline Satisfaction StudySM for five consecutive years from 2008 to 2012. For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines newsroom at www.alaskaair.com/newsroom.

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