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

  What:  Alaska Air Group  teleconference, including analyst and
         media Q&A sessions, to discuss fourth 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, Jan. 25, 2007 Earnings call: 8:30 a.m. Pacific time/11:30
         a.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: 5748458

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

Alaska Airlines and sister carrier, Horizon Air, together serve 89 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 alaskaair.com/newsroom.

  Media contact:            -or-    Investor/analyst contact:
  Amanda Tobin Bielawski            Shannon Alberts
  Media Relations Manager           Managing Director of Investor Relations
  (206) 392-5134                    (206) 392-5218

PRNewswire — Jan. 23

SOURCE: Alaska Air Group