Alaska Air Group Inc									12 Mos.
All units in Millions or Millions USD	2000	2001	2002	2003	2004	2005	2006	2007	2008
Income Statement
Passenger Revenue	2,039	1,972	2,038	2,243	2,495	2,729	3,083	3,237	2,643
Regional Affiliate Revenue	426	380	394	442	487	544	633	709	588
Total Revenue	2,194	2,153	2,224	2,445	2,724	2,975	3,334	3,506	3,231
Wages Salaries & Benefits	716	796	858	942	962	904	937	958	743
Aircraft Fuel Expense	383	324	306	357	455	549	874	876	1,162
Depreciation & Amortization	108	134	133	133	143	143	158	177	166
Net Interest Expense	12	25	25	35	27	32	24	34	41
Operating Expense	2,227	2,279	2,317	2,456	2,718	2,809	3,422	3,294	3,350
Operating Income (Loss)	(33)	(126)	(93)	(18)	6	167	(87)	212	(129)
Pretax Income (Loss)	(27)	(64)	(102)	29	(21)	137	(88)	202	(96)
Net Income (Loss)	(67)	(43)	(119)	14	(15)	(6)	(53)	125	(96)
Balance Sheet Asset
Cash & Short-term Investment	462	661	636	812	874	983	1,014	823	1,077
Restricted Cash & Short-term Investments
Total Current Assets	702	919	954	1,148	1,242	1,540	1,572	1,390	1,679
Total Assets	2,528	2,951	2,881	3,259	3,335	3,792	4,077	4,491	4,429
Balance Sheet Liabilities
Air Traffic Liability	213	217	212	238	250	292	311	365	372
Current Liability	711	752	778	1,017	957	1,166	1,237	1,388	1,392
Long-term Debt & Capital Lease Obligations, Less Current Maturities	509	852	857	907	990	969	1,032	1,125	1,336
Pension & Post Retirement Benefits
Retained Earnings (Accumulated deficit)	415	404	286	299	284	278	207	332	283
Total Stockholder Equity (deficit)	895	851	656	674	665	828	886	1,024	923
Cash Flow Statement
Net Cash Provided by (Used in) Operating Activity	273	287	125	355	333	270	450	482	247
Net Cash Provided by (Used in) Investing Activities	(478)	(218)	(361)	(638)	(392)	(481)	(533)	(602)	(495)
Net Cash Provided by (Used in) Financing activities	174	321	15	207	(106)	257	240	93	327
Payments on Long-term Debt and Capital Lease Obligation	(66)	(69)	(44)	(71)	(210)	(54)	(203)	(132)	332
Proceeds from Issuance of Long-term Debt	238	389	58	274	95	94	408	282	685
Net Increase (Decrease) in Cash	(31)	389	(222)	(76)	(165)	46	157	(26)	79
Operating Statistics
Regional Passengers	5	5	5	5	6	6	7	8	0
Regional ASM	2,299	2,148	2,428	2,569	3,107	3,400	3,632	3,978	0
Regional RPM	1,428	1,350	1,514	1,640	2,155	2,475	2,691	2,918	0
Mainline Passengers	0	14	14	15	16	17	17	18	15
Mainline ASM	17,315	17,919	19,360	20,804	22,276	22,292	23,278	24,208	20,804
Mainline RPM	11,986	12,249	13,186	14,554	16,231	16,915	17,822	18,451	14,554
Data Source:  SEC 10K Filings