Alaska Air Group to Hold Analyst, Media Teleconference to Discuss First Quarter 2006 Financial Results

  What:  Alaska Air Group  teleconference, including analyst and
         media Q&A sessions, to discuss first quarter 2006 financial results

  Who:   Bill Ayer, chairman and chief executive officer, Alaska Air Group
          and Alaska Airlines
         Jeff Pinneo, president and chief executive officer, Horizon Air
         Brad Tilden, chief financial officer, Alaska Air Group and Alaska
          Airlines

  When:  Thursday, April 20, 2006
         Earnings call: 9:30 a.m. Pacific time/12:30 p.m. Eastern time
         Call order: management overview, analyst Q&A, media Q&A

  Analyst/Media Participation Information:
         Confidential call-in number for media and analysts only:
          (877) 368-8382
         Confidential pass code for media and analysts only: 3912131

  Audio Replay Information:
         Audio replay of the teleconference available at alaskaair.com

Alaska Airlines and sister carrier, Horizon Air, together serve 88 cities through an expansive network throughout Alaska, the Lower 48, Canada and Mexico. For reservations visit alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air newsroom at http://newsroom.alaskaair.com/.

   Media contact:
   Amanda Tobin
   Media Relations Manager
   206-392-5134

   -or-

   Investor/analyst contact:
   Shannon Alberts
   Managing Director of Investor Relations
   206-392-5218

PRNewswire — April 19

SOURCE: Alaska Air Group