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

  What:  Alaska Air Group  teleconference, including analyst and
         media Q&A sessions, to discuss second 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:  Tuesday, July 25, 2006  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: 3912207

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

PRNewswire — July 21

SOURCE: Alaska Air Group