Alaska Air Group Reports December 2014 and Full-Year Operational Results

SEATTLE – Alaska Air Group Inc. (NYSE: ALK) today reported December 2014 and year-end operational results on a consolidated basis, and for its subsidiaries, Alaska Airlines and Horizon Air. Detailed information is provided below.

AIR GROUP (including flights operated by third parties)
On a combined basis, Air Group reported a 9.1 percent increase in traffic on a 12.3 percent increase in capacity compared to December 2013. This resulted in a 2.5-point decrease in load factor to 85.0 percent. These statistics include flights operated by Alaska and those under capacity purchase arrangements, including Horizon, SkyWest and a small third-party carrier in the state of Alaska.

ALASKA AIRLINES – MAINLINE
Alaska reported a 9.4 percent increase in traffic on a 12.7 percent increase in capacity compared to December 2013. This resulted in a 2.6-point decrease in load factor to 85.4 percent. Alaska also reported 80.0
percent of its flights arrived on time in December, compared to the 85.4 percent reported in December 2013.

HORIZON AIR
Horizon reported a 1.6 percent increase in traffic on a 3.5 percent increase in capacity compared to December 2013. This resulted in a 1.5-point decrease in load factor to 80.8 percent. Horizon also reported 81.0 percent of its flights arrived on time in December, compared to the 78.3 percent reported in December 2013.