Alaska Air Group Announces Completion of Stock Repurchase Program

SEATTLE, March 3 /PRNewswire-FirstCall/ -- Alaska Air Group, Inc. NYSE: ALK today announced the completion of a $100 million stock repurchase program authorized by its board of directors on Sept. 13, 2007. Under the program, the company repurchased 4,113,782 shares of its outstanding common stock, or 10 percent of the outstanding stock at the start of the program, at an average price of $24.31 per share.

Following completion of the repurchase program on Feb. 29, 2008, Alaska Air Group had 36,534,555 shares of common stock outstanding.

Alaska Air Group is the holding company for Alaska Airlines and Horizon Air, which together serve 92 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. For reservations, visit alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at alaskaair.com/newsroom.