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Press release from PR Newswire

Alaska Air Group Reports March Operational Results

Wednesday, April 04, 2012

Alaska Air Group Reports March Operational Results08:00 EDT Wednesday, April 04, 2012SEATTLE, April 4, 2012 /PRNewswire/ -- Alaska Air Group Inc. (NYSE: ALK) today reported March operational results for its subsidiaries, Alaska Airlines and Horizon Air, and on a combined basis. Detailed information is provided below. ALASKA AIRLINES - MAINLINEAlaska reported a 4.7 percent increase in traffic on a 3.0 percent increase in capacity compared to March 2011. This resulted in a 1.4-point increase in load factor to a record 88.8 percent, the highest load factor of any month in Air Group's history. This also contributed to a record first quarter load factor of 85.7 percent. Alaska reported 85.3 percent of its flights arrived on time in March, compared to 82.6 percent in March 2011. The following table shows Alaska's operational results for March and first quarter of 2012, compared to the prior-year periods:March1st Quarter20122011Change20122011ChangeRevenue passengers (in thousands)1,5801,5412.5%4,2754,1074.1%Revenue passenger miles    RPM (in millions)2,0601,9674.7%5,6375,2796.8%Available seat miles    ASM (in millions)2,3192,2513.0%6,5756,3533.5%Passenger load factor88.8%87.4%1.4 pts85.7%83.1%2.6 ptsOn-time arrivals as reported    to U.S. DOT85.3%82.6%2.7 pts84.5%83.4%1.1 ptsHORIZON AIRHorizon reported a 15.2 percent decline in March traffic on a 14.3 percent decline in capacity compared to March 2011. This resulted in a 0.8-point decrease in load factor to 78.3 percent. Horizon also reported 88.1 percent of its flights arrived on time in March, compared to 80.2 percent in March 2011. The significant decline in capacity and traffic for Horizon from the prior year is due primarily to the completion of Horizon's transition out of the CRJ-700 regional jet and a corresponding reduction in the size of Horizon's operating fleet from 54 aircraft at March 31, 2011, to 48 aircraft at March 31, 2012. This transition was completed in June 2011. The following table shows Horizon's operational results for March and first quarter of 2012, compared to the prior-year periods:March1st Quarter20122011Change20122011ChangeRevenue passengers (in thousands)571595(4.0)%1,5831,645(3.8)%RPMs (in millions)173204(15.2)%482563(14.4)%ASMs (in millions)221258(14.3)%634742(14.6)%Passenger load factor78.3%79.1%(0.8) pts76.0%75.9%0.1 ptsOn-time arrivals88.1%80.2%7.9 pts88.2%77.0%11.2 ptsAIR GROUP (including flights operated by third parties)On a combined basis, Air Group reported a 4.7 percent increase in traffic on a 2.9 percent increase in capacity compared to March 2011. This resulted in a 1.4-point increase in load factor to 87.9 percent, an all-time monthly record for Air Group. 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 March and first quarter of 2012, compared to the prior-year periods:March1st Quarter20122011Change20122011ChangeRevenue passengers (in thousands)2,2012,1363.0%5,9955,7524.2%RPMs (in millions)2,2762,1744.7%6,2325,8536.5%ASMs (in millions)2,5882,5142.9%7,3447,1123.3%Passenger load factor87.9%86.5%1.4 pts84.9%82.3%2.6 ptsAlaska 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, 2010 and 2011 North America Airline Satisfaction Studies(SM). For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at www.alaskaair.com/newsroom.SOURCE Alaska Air Group Inc.For further information: Media, Bobbie Egan, Media Relations Manager, +1-206-392-5101, or Investors/analysts, Chris Berry, Managing Director of Investor Relations, +1-206-392-5260, both of Alaska Air Group Inc.