DECEMBER 3RD, 2014

Alaska Air Group Reports November 2014 Operational Results

SEATTLE — Alaska Air Group Inc. (NYSE: ALK) today reported November and year-to-date operational results on a consolidated basis, and for its subsidiaries, Alaska Airlines and Horizon Air. Detailed information is provided below.

AIR GROUP
On a combined basis, Air Group reported a 9.4 percent increase in traffic on an 8.7 percent increase in capacity compared to November 2013. Load factor increased 0.6 points to 82.3 percent. These statistics include flights operated by Alaska and those under capacity purchase agreements, including Horizon, SkyWest and PenAir.

ALASKA AIRLINESMAINLINE
Alaska reported a 9.8 percent increase in traffic on a 9.0 percent increase in capacity compared to November 2013. Load factor increased 0.6 points to 82.8 percent. Alaska also reported 84.6 percent of its flights arrived on-time in November, compared to 87.7 percent reported in November 2013.

HORIZON AIR
Horizon reported flat November traffic on a 1.4 percent increase in capacity compared to November 2013. Load factor decreased 1.1 points to 76.1 percent. Horizon also reported 87.9 percent of its flights arrived on-time in November, compared to the 90.6 percent reported in November 2013.


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