Company Watch - Alaska Airlines.

For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 31, 2006

Alaska triples second-quarter net income to $55.5 million. Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported net income of $55.5 million for the second quarter ended June 30, more than triple the net income of $17.4 million in the year-ago quarter, strong results that the company attributed to "a combination of revenue gains and cost improvements."Group operating revenues grew 15.4% to $873 million while expenses climbed 10.1% to $792.9 million. Operating income more than doubled to $80.1 million from $36.6 million last year. Jul 26, 2006

Alaska Airlines revenues rose 15.3% to $710.4 million against an 8.2% lift in expenses to $639.5 million, while Horizon revenues climbed 15.7% to $162.7 million as expenses rose 18.7% to $152.5 million. Alaska posted operating income of $70.9 million, up 178% over $25.5 million in the year-ago quarter. Horizon reported operating income of $10.2 million, down slightly from $12.1 million last year. Yield per RPM at Alaska rose 7.6% to 13.99 cents while Horizon's yield was up 5.3% to 23.25 cents. Alaska's revenue per ASM climbed 9.5% to 12.18 cents on a 1.4-point gain in load factor to 79.3%. Nonfuel unit cost fell 2.1% to 7.92 cents. Horizon's CASM was up 11.8% to 15.14 cents while RASM grew 9% to 18.06 cents. Jul 26, 2006

Alaska Airlines will operate four-times-weekly flights from Seattle to Cancun and from Portland, Ore., to Los Cabos and thrice-weekly PDX-Puerto Vallarta service aboard 737s from the end of October through the end of April. Jul 26, 2006

Alaska Airlines Mileage Plan members can redeem 5,000 fewer miles - 15,000 instead of the 20,000 normally required - for award flights on Alaska or Horizon Air between Seattle and Calgary, Edmonton, Sun Valley or Kelowna. Discount is valid for travel between June 9 and August 31. Details are at http://www.alaskaair.com/shopping/OnlineAwards/AwardPromo.asp?promo=ASYCIS Jul 29, 2006

Alaska Airlines Mileage Plan members may now transfer miles from their own accounts into the accounts of other Mileage Plan members. At a cost of $0.01 per mile, plus a $25 processing fee per transaction, miles can be transferred in increments of 1,000 miles, up to 30,000 miles. A maximum of 100,000 miles can be transferred into any individual Mileage Plan account per calendar year; and up to 100,000 miles can be deducted from a Mileage Plan account per calendar year. See https://www.alaskaair.com/mileageplan/ssl/TransferMiles/TransferMiles.aspx Jul 29, 2006