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Alaska Air Group Reports August Operational Results

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05-Sep-2013 Alaska Air Group Inc. (NYSE: ALK) today reported August 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 an 8.1 percent increase in traffic on a 9.2 percent increase in capacity compared to August 2012. This resulted in a 0.9 point decrease in load factor to 88.0 percent. Alaska also reported 85.1 percent of its flights arrived on time in August, compared to the 89.3 percent reported in August 2012. The following table shows Alaska's operational results for August and year-to-date 2013, compared to the prior-year periods:

August
Year-to-Date
2013 2012 Change 2013 2012 Change
Revenue passengers (in thousands) 1,895 1,756 7.9% 13,427 12,552 7.0%
Revenue passenger miles RPM (in millions) 2,461 2,276 8.1% 17,883 16,452 8.7%
Available seat miles
ASM (in millions)
2,797 2,560 9.2% 20,579 18,864 9.1%
Passenger load factor 88.0% 88.9% (0.9) pts 86.9% 87.2% (0.3) pts
On-time arrivals as reported to U.S. DOT 85.1% 89.3% (4.2) pts 86.9% 87.9% (1.0) pts

HORIZON AIR

Horizon reported a 0.8 percent increase in August traffic on a 2.5 percent decrease in capacity compared to August 2012. This resulted in a 2.8 point increase in load factor to an August record of 85.5 percent. Horizon also reported 86.7 percent of its flights arrived on time in August, compared to the 93.9 percent reported in August 2012.

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

August
Year-to-Date
2013 2012 Change 2013 2012 Change
Revenue passengers (in thousands) 654 636 2.8% 4,752 4,506 5.4%
RPMs (in millions) 202 200 0.8% 1,454 1,391 4.6%
ASMs (in millions) 236 242 (2.5)% 1,789 1,777 0.7%
Passenger load factor 85.5% 82.7% 2.8 pts 81.3% 78.3% 3.0 pts
On-time arrivals as reported to U.S. DOT 86.7% 93.9% (7.2) pts 89.1% 91.6% (2.5) pts

AIR GROUP

On a combined basis, Air Group reported a 7.3 percent increase in traffic on an 8.0 percent increase in capacity compared to August 2012. This resulted in 0.6 point decrease in load factor to 87.8 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 August and year-to-date 2013, compared to the prior-year periods:

August
Year-to-Date
2013 2012 Change 2013 2012 Change
Revenue passengers (in thousands) 2,603 2,448 6.3% 18,553 17,455 6.3%
RPMs (in millions) 2,709 2,524 7.3% 19,656 18,178 8.1%
ASMs (in millions) 3,084 2,855 8.0% 22,738 21,030 8.1%
Passenger load factor 87.8% 88.4% (0.6) pts 86.4% 86.4% ---