Market Overview

Alaska Air Group Reports 9.2% Increase in Traffic for April, 9.9% Increase in Capacity Year over Year

Alaska Air Group (NYSE: ALK) today reported April and year-to-date 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 a 9.2 percent increase in traffic on a 9.9 percent increase in capacity compared to April 2012. This resulted in a 0.6-point decrease in load factor to 86.8 percent. Alaska also reported 86.8 percent of its flights arrived on time in April, compared to the 90.6 percent reported in April 2012.

The following table shows Alaska's operational results for April and year-to-date 2013, compared to the prior-year periods:

April Year-to-Date

2013 2012 Change 2013 2012 Change Revenue passengers (in thousands) 1,615 1,514 6.6 % 6,149 5,789 6.2 % Revenue passenger miles RPM (in millions) 2,168 1,986 9.2 % 8,340 7,623 9.4 % Available seat miles ASM (in millions) 2,498 2,272 9.9 % 9,701 8,847 9.7 % Passenger load factor 86.8 % 87.4 % (0.6) pts 86.0 % 86.2 % (0.2) pts On-time arrivals as reported to U.S. DOT 86.8 % 90.6 % (3.8) pts 87.3 % 86.1 % 1.2 pts

HORIZON AIR

Horizon reported a 5.5 percent increase in April traffic on a 2.1 percent increase in capacity compared to April 2012. This resulted in a 2.5-point increase in load factor to an April record of 78.6 percent. Horizon also reported 89.3 percent of its flights arrived on time in April, compared to the 94.0 percent reported in April 2012.

The following table shows Horizon's operational results for April and year-to-date 2013, compared to the prior-year periods:

April Year-to-Date

2013 2012 Change 2013 2012 Change Revenue passengers (in thousands) 561 532 5.5 % 2,240 2,114 6.0 % RPMs (in millions) 170 162 5.5 % 682 644 5.9 % ASMs (in millions) 217 212 2.1 % 865 846 2.3 % Passenger load factor 78.6 % 76.1 % 2.5 pts 78.8 % 76.1 % 2.7 pts On-time arrivals as reported to U.S. DOT 89.3 % 94.0 % (4.7) pts 89.1 % 89.6 % (0.5) pts

AIR GROUP

On a combined basis, Air Group reported an 8.5 percent increase in traffic on an 8.9 percent increase in capacity compared to April 2012. This resulted in a 0.3-point decrease in load factor to 86.1 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 April and year-to-date 2013, compared to the prior-year periods:

April Year-to-Date

2013 2012 Change 2013 2012 Change Revenue passengers (in thousands) 2,218 2,094 5.9 % 8,563 8,089 5.9 % RPMs (in millions) 2,375 2,189 8.5 % 9,171 8,421 8.9 % ASMs (in millions) 2,758 2,533 8.9 % 10,741 9,877 8.7 % Passenger load factor 86.1 % 86.4 % (0.3) pts 85.4 % 85.3 % 0.1 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. 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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