J.P Morgan

Aviation, Transportation & Industrials Conference March 15, 2021

Safe Harbor

Cautionary Statement Regarding Forward-Looking Statements and Information

Certain of the statements contained in this presentation should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the Securities Act), the Securities Exchange Act of 1934, as amended (the Exchange Act), and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words. Such statements include, but are not limited to, statements about our plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on our current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those risks and uncertainties set forth from time to time in our filings with the Securities and Exchange Commission. There may be other factors of which we are not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. We do not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date of this press release or as of the dates indicated in the statement.

2020 Crisis Priorities

2021 Recovery Focus

  • • Protecting the health and safety of our employees and guests

    • • Rebuilding guest confidence with outreach and Next-Level Care

  • • Ensuring our airline emerges strong, and in a better competitive position

    • • Focusing on the controllable - driving for low costs and getting back to high productivity

      • • Building liquidity

      • • Aggressively managing costs

      • • Preserving cash

  • • Positive operating cash flow will lead P&L profitability, which will enable balance sheet repair

  • • Investing opportunistically in fleet and network for the long-term

Our enduring competitive advantages are as important as ever

Low costs enabled by high productivity

Excellent operations

Award-winning loyalty program

Remarkable service

One-team culture

Safety is the foundation of all that we do

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Disclaimer

Alaska Air Group Inc. published this content on 15 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2021 14:59:01 UTC.