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Alaska Air Group Reports February Operational Results

March 2, 2011

SEATTLE, March 2, 2011 /PRNewswire/ — Alaska Air Group, Inc. (NYSE: ALK) today reported February operational results for its subsidiaries, Alaska Airlines (Alaska) and Horizon Air (Horizon).

ALASKA AIRLINES

Alaska reported a 19.0 percent increase in traffic on a 16.5 percent increase in capacity, resulting in a 1.7-point increase in load factor to 81.5 percent. Alaska also reported that 82.1 percent of its flights arrived on time in February, a 4.1-point decrease compared to the 86.2 percent reported in February 2010.

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


                                  February                 Year-to-Date
                                  --------                 ------------
                            2011   2010    Change    2011   2010    Change
                            ----   ----    ------    ----   ----    ------
    Revenue passenger
     miles
        RPMs (in millions) 1,606  1,350       19.0% 3,312  2,823       17.3%
    Available seat miles
        ASMs (in millions) 1,971  1,692       16.5% 4,102  3,588       14.3%
    Passenger load factor   81.5%  79.8%    1.7pts   80.7%  78.7%    2.0pts
    Revenue passengers (in
     thousands)            1,251  1,106       13.1% 2,566  2,290       12.1%
    On-time arrivals as
     reported
      to U.S. DOT           82.1%  86.2%  (4.1)pts   83.8%  86.0%  (2.2)pts
      -----------           ----   ----   --------   ----   ----   --------

HORIZON AIR

Horizon reported a 0.6 percent decline in traffic on a 6.5 percent decline in capacity compared to February 2010, resulting in a 4.5-point increase in load factor to 76.7 percent. Horizon also reported that 73.5 percent of its flights arrived on time in February 2011, a 15.5-point decrease compared to the 89.0 percent reported in February 2010.

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


                                 February                 Year-to-Date
                                 --------                 ------------
                           2011  2010    Change     2011   2010    Change
                           ----  ----    ------     ----   ----    ------
    RPMs (in millions)      177   178       (0.6)%   360    362       (0.8)%
    ASMs (in millions)      230   246       (6.5)%   484    515       (5.9)%
    Passenger load factor  76.7% 72.2%     4.5pts   74.2%  70.4%     3.8pts
    Revenue passengers (in
     thousands)             512   496         3.3% 1,050  1,018         3.1%
    On-time arrivals       73.5% 89.0%  (15.5)pts   75.3%  87.7%  (12.4)pts
    ----------------       ----  ----   ---------   ----   ----   ---------

Alaska Airlines and Horizon Air, subsidiaries of Alaska Air Group (NYSE: ALK), together serve more than 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 and 2010 North America Airline Satisfaction Studies(SM). For reservations, visit alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at alaskaair.com/newsroom.

SOURCE Alaska Air Group, Inc.


Source: newswire



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