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ALASKA AIRLINES, INC.

THIRTY LARGEST SHAR FHOLDERS
OUTSTANDING SHARES

3,631, 374

STOCKHOLDER NAME AND ADDRESS

01. ALASKA CONTINENTAL DEVELOPMENT CORP.

P. O. BOX 66579

SEATTLE, WA 98166

02. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. 70 PINE STREET

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30. PACIFIC COAST STOCK EXCHANGE CLEARING CORP
301 PINE STREET
SAN FRANCISCO, CA

94104

SHARES

HELD

TOTAL FOR THIRTY LARGEST
STOCKHOLDERS

2,146,990

59.12

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