OCTOBER 2ND, 2014

Alaska Air Group Reports September 2014 Operational Results

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

AIR GROUP
On a combined basis, Air Group reported a 9.0 percent increase in traffic on a 9.9 percent increase in capacity compared to September 2013. This resulted in a 0.7 point decrease in load factor to 81.9 percent. These statistics include flights operated by Alaska and those under capacity purchase agreements, including Horizon, SkyWest and PenAir.

ALASKA AIRLINESMAINLINE
Alaska reported an 8.3 percent increase in traffic on a 9.2 percent increase in capacity compared to September 2013. This resulted in a 0.7 point decrease in load factor to 82.1 percent. Alaska also reported 87.0 percent of its flights arrived on time in September, compared to the 87.5 percent reported in September 2013.

HORIZON AIR
Horizon reported a 5.1 percent increase in September traffic on a 6.8 percent increase in capacity compared to September 2013. This resulted in a 1.3 point decrease in load factor to 78.6 percent. Horizon also reported 88.9 percent of its flights arrived on time in September, compared to the 84.5 percent reported in September 2013.


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