ALASKA AIR GROUP, INC.

Alaska Air Group, Inc. (NYSE: ALG) operates as a major North American airline holding company providing scheduled air transportation of passengers and cargo throughout North America, Latin America, Asia, and the Pacific. The company's website is www.alaskaair.com.

Air Group operates three airlines: Alaska Airlines, Hawaiian Airlines, and Horizon Air. In October 2025, Alaska and Hawaiian combined their operations under a single Federal Aviation Administration operating certificate while preserving Hawaiian as a distinct brand. Alaska Airlines, incorporated in 1937, serves as the primary mainline carrier and is the fourth largest global carrier in the United States. Hawaiian Airlines, originally incorporated in 1929, was acquired by Air Group in 2024 and operates as a wholly-owned subsidiary. Horizon Air, a regional carrier incorporated in 1981, operates under capacity purchase agreements with Alaska.

The company operates a diverse fleet including Boeing 737, Boeing 787, Boeing 717, Airbus A330, Airbus A321neo, and Airbus A330-300F aircraft on mainline operations, with regional service provided on Embraer E175 aircraft. Air Group serves more than 140 destinations and operates hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego, and San Francisco. Alaska Airlines is a member of the oneworld alliance, providing guests access to more than 900 destinations across 170 territories.

Revenue composition reflects passenger transportation as the dominant business segment at 90 percent of total revenue, with loyalty program revenue contributing 6 percent and cargo and other services representing 4 percent. In 2025, Alaska and Hawaiian carried 47 million revenue passengers, while regional operations carried approximately 11 million passengers. The company employed 35,951 active employees as of December 31, 2025, with 89 percent in full-time positions.

Air Group operates the Atmos Rewards loyalty program, launched in October 2025, combining Alaska Airlines' Mileage Plan and Hawaiian Airlines' HawaiianMiles. The company also operates McGee Air Services, an aviation services provider, and maintains cargo operations including dedicated freighter aircraft and an Air Transportation Services Agreement with Amazon for operating A330-300F aircraft.