ALK · Alaska Air Group, Inc.

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.04 to $40.09, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $49.63 to $49.70, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vest in three annual installments as follows: 1,366 shares on June 29, 2027; 1,367 shares on June 29, 2028; and 1,367 shares on June 29, 2029.

Shares of Alaska Air Group, Inc. (the "Issuer") common stock granted under the Issuer's 2016 Performance Incentive Plan in connection with the reporting person's appointment by the Board of Directors to serve as a director until the 2027 Annual Stockholders Meeting.

Shares of Alaska Air Group, Inc. (the "Issuer") common stock granted under the Issuer's 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Issuer's Board of Directors until the 2027 Annual Stockholders Meeting.

Total held in column 5 includes 4,108 DSUs previously granted under the Issuer's 2008 Performance Incentive Plan and 3,026 DSUs granted under the Issuer's 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common shares upon resignation from the Issuer's Board of Directors.

Shares of Alaska Air Group, Inc. (the "Issuer") common stock granted under the Issuer's 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Issuer's Board of Directors and for service as Non-Executive Board Chair until the 2027 Annual Stockholders Meeting.

Total held in column 5 includes 22,914 Deferred Stock Units (DSUs) previously granted under the Issuer's 2008 Performance Incentive Plan and 2,625 DSUs granted under the Issuer's 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common shares upon resignation from the Issuer's Board of Directors.

Shares of Alaska Air Group, Inc. (the "Issuer") common stock granted under the Issuer's 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Issuer's Board of Directors until the 2027 Annual Stockholders Meeting.

Shares of Alaska Air Group, Inc. (the "Issuer") common stock granted under the Issuer's 2016 Performance Incentive Plan in connection with the reporting person's re-election to serve on the Issuer's Board of Directors until the 2027 Annual Stockholders Meeting.

Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Board of Directors until the 2027 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.

Total held in column 5 includes 2,653 DSUs previously granted under the Issuers 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common shares upon resignation from the Issuer's Board of Directors.

Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Board of Directors until the 2027 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.

Total held in column 5 includes 1,108 DSUs previously granted under the Issuer's 2008 Performance Incentive Plan and 10,570 DSUs granted under the Issuer's 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common shares upon resignation from the Issuer's Board of Directors.

Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Board of Directors until the 2027 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.

Total held in column 5 includes 19,510 deferred stock units DSUs previously granted under the Issuers 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common shares upon resignation from the Issuer's Board of Directors.

Deferred stock units (DSUs) granted under the Issuer's 2016 PIP in connection with the reporting person's re-election to serve on the Issuer's Board of Directors until the 2027 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.

Total held in column 5 includes 9,715 DSUs previously granted under the Issuers 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common shares upon resignation from the Issuer's Board of Directors.

Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Board of Directors until the 2027 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.

Total held in column 5 includes 16,146 DSUs previously granted under the Issuers 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common shares upon resignation from the Issuer's Board of Directors.

Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan ("2016 PIP") in connection with the reporting person's re-election to serve on the Board of Directors until the 2027 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.

Includes 5,844 DSUs previously granted under the Issuer's 2016 PIP. The DSUs are 100% vested on the date of grant and issuable in common stock upon resignation from the Issuer's Board of Directors.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vest in three annual installments as follows: 14,966 shares on April 1, 2027; 14,967 shares on April 1, 2028; and 14,967 shares on April 1, 2029.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vest in three annual installments as follows: 5,986 shares on April 1, 2027; 5,987 shares on April 1, 2028; and 5,987 shares on April 1, 2029.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs granted were from an award of 2,090 RSUs issued on March 20, 2023, that vested in three annual installments as follows: 696 shares on March 20, 2024; 697 shares on March 20, 2025, and 697 shares on March 20, 2026.

The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $57.0901 to $57.32, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $56.59 to $56.665, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vest as to 100% of the shares granted on February 13, 2026.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vest as to 100% of the shares granted on February 13, 2026.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vesting were from a grant of 8,180 shares awarded on March 19, 2024, that have vested or will vest as to 2,726 shares on February 13, 2025; 2,727 shares on February 13, 2026; and 2,727 shares on February 13, 2027.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vest as to 100% of the shares granted on February 13, 2026.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vest as to 100% of the shares granted on February 13, 2026.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $54.78 to $54.945, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vested as to 100% of the shares granted on February 13, 2026.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vesting were from grants of 17,720 shares that vested or will vest in three annual installments as follows: 5,906 shares on February 13, 2025; 5,907 shares on February 13, 2026; and 5,907 shares on February 13, 2027.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The RSUs vesting were from grants of 7,150 shares that vested or will vest in three annual installments as follows: 2,383 shares on February 13, 2025; 2,383 shares on February 13, 2026; and 2,384 shares on February 13, 2027.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.

Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.