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Alaska Air Group Reports September Operational Results

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

ALASKA AIRLINES

Alaska reported a 10.4 percent increase in traffic on a 7.2 percent increase in capacity compared to September 2010. This resulted in a 2.4-point increase in load factor to a September record of 83.9 percent. Alaska also reported 91.7 percent of its flights arrived on time, a September record compared to the 90.5 percent reported in September 2010.
The following table shows Alaska's operational results for September 2011 and year-to-date 2011, compared to the prior-year periods:

September Year-to-Date
2011 2010 Change 2011 2010 Change Revenue passenger miles RPMs (in millions) 1,807 1,637 10.4% 17,011 15,124 12.5% Available seat miles
ASMs (in millions) 2,153 2,008 7.2% 19,991 18,197 9.9% Passenger load factor 83.9% 81.5% 2.4pts 85.1% 83.1% 2.0pts Revenue passengers(in thousands) 1,446 1,340 7.9% 13,479 12,373 8.9% On-time arrivals as reported to U.S. DOT 91.7% 90.5% 1.2pts 88.5% 88.8% (0.3)pts
HORIZON AIR

Horizon reported a 16.6 percent decline in traffic on a 20.1 percent decline in capacity compared to September 2010. This resulted in a 3.3-point increase in load factor to a September record of 79.3 percent. Horizon also reported 92.6 percent of its flights arrived on time, a September record compared to the 86.8 percent reported in September 2010. The significant decline in capacity and traffic for Horizon from the prior year is due primarily to the completion of Horizon's transition out of its CRJ-700 fleet and a corresponding reduction in the size of Horizon's operating fleet from 53 aircraft at Sept. 30, 2010, to 48 aircraft at Sept. 30, 2011. This transition was completed in June 2011. 

The following table shows Horizon's operational results for September 2011 and year-to-date 2011, compared to the prior-year periods:

September Year-to-Date 2011 2010 Change 2011 2010 Change RPMs (in millions) 161 193 (16.6)% 1,635 1,857 (12.0)% ASMs (in millions) 203 254 (20.1)% 2,097 2,461 (14.8)% Passenger load factor 79.3% 76.0% 3.3pts 78.0% 75.5% 2.5pts Revenue passengers (in thousands) 528 541 (2.4)% 5,020 5,116 (1.9)% On-time arrivals 92.6% 86.8% 5.8pts 84.8% 87.2% (2.4)pts AIR GROUP (including flights operated by third parties)

On a combined basis, Air Group reported a 9.5 percent increase in traffic on a 6.1 percent increase in capacity compared to September 2010. This resulted in a 2.6-point increase in load factor to 83.5 percent. These statistics include flights operated by Alaska and Horizon, and those under capacity purchase arrangements with SkyWest and a small third-party carrier in the state of Alaska.

The following table shows the operational results for September 2011 and year-to-date 2011, compared to the prior-year periods:


September Year-to-Date 2011 2010 Change 2011 2010 Change RPMs (in millions) 2,007 1,833 9.5% 18,849 17,013 10.8% ASMs (in millions) 2,404 2,266 6.1% 22,329 20,709 7.8% Passenger load factor 83.5% 80.9% 2.6pts 84.4% 82.2% 2.2pts Revenue passengers (in thousands) 2,018 1,881 7.3% 18,707 17,489 7.0%

Alaska Airlines and Horizon Air, subsidiaries of Alaska Air Group (NYSE: ALK), together serve 90 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. Alaska Airlines ranked "Highest in Customer Satisfaction Among Traditional Network Carriers" in the J.D. Power and Associates 2008, 2009, 2010 and 2011 North America Airline Satisfaction StudiesSM. For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at www.alaskaair.com/newsroom.

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