========================================================
TWO GREAT DEALS

5% Savings on Alaska Airlines or Horizon Air Flights

OR

Weekly Web Specials
========================================================

Take advantage of one of two great values at alaskaair.com and
horizonair.com.  Save 5% on many flights with travel through May 31, 2001.
 Read below for full details. For other great values check out our weekly
web specials for low fares between many of our destinations.

IN THIS ISSUE


Save 5% on Alaska and Horizon Flights online at
alaskaair.com/horizonair.com

  1) 5% Savings - It's This Easy - How Does It Work
  2) 5% Savings Rules


Weekly Web Specials

  1) Web Specials Introduction
  2) Web Specials Valid Dates
  3) Web Specials Fares
  4) Web Specials  Rules
  5) Hilton Hotels Specials


************************************************
Save 5% on Alaska and Horizon Flights
online at alaskaair.com/horizonair.com
************************************************
________________________________________________________
1) 5% SAVINGS - IT'S THIS EASY - HOW DOES IT WORK

Just purchase your Alaska Airlines or Horizon Air flight online at
alaskaair.com or horizonair.com by February 9, 2001 and you'll save 5% on
travel. This discount is valid for travel between now and May 31, 2001, so
you can even save on Spring Break travel! You'll save on EVERY published
fare you purchase online to all destinations, including Mexico or Canada.

While you're there, you can rack up hundreds of bonus miles - whether it's
your first online purchase or hundredth, and now you can even check in and
print your boarding pass online. So find us today and see why
http://www.alaskaair.com and http://www.horizonair.com are your Internet
Savings Providers.

________________________________________________________
2) 5% SAVINGS RULES

The following rules are available at:
http://www2.alaskaair.com/Promo/PromoTerms.asp

The 5% percent discount applies to purchases made online at Alaska.com or
horizonair.com only.  Discount valid for tickets purchased online from now
through February 9, 2001 for travel completed by May 31, 2001. Discount
applies to published fares for flights operated by Alaska Airlines and
Horizon Air only. Discount applies to new bookings only - not valid on
pre-existing bookings or previously ticketed reservations. Discount cannot
be combined with other discounts or promotions including Web Specials,
coupons, senior discounts and all unpublished fares. Discount does not
apply to Alaska Airlines Vacations or Horizon Air Holidays purchases. Any
changes to purchased reservations subject to US$50 fee per ticket and any
applicable changes in fare. Itinerary on reservations is limited to a
maximum of four flight numbers. Ground travel between an arrival city and
your next departure city counts towards the four flight number limitation.
Credit card necessary for online purchase. Discount applies to fare level
prior to all applicable taxes, fees, and surcharges. All taxes, fees and
rules of fare purchased apply, including refund, change and travel
restrictions. Discount subject to change without notice and other
restrictions may apply.


************************************************
Weekly Web Specials
************************************************

________________________________________________________
1) WEB SPECIALS INTRODUCTION

Web Specials are a great way to save on flights with Alaska Airlines and
Horizon Air. Web Specials can only be purchased online through the Alaska
Airlines/Horizon Air Web Site.  Hurry, seats are limited, prices and
markets subject to change.

Our Web Specials are available via our home page at
http://www.alaskaair.com or http://www.horizonair.com

________________________________________________________
2) WEB SPECIALS VALID DATES

Alaska Airlines and Horizon Air offer Web Specials for travel:

Originating:
Wednesday, January 31, 2001
Thursday, February 1, 2001
Saturday, February 3, 2001

Returning:
Saturday, February 3, 2001
Monday, February 5 2001
Tuesday, February 6, 2001

________________________________________________________
3) WEB SPECIALS FARES

All fares quoted in US dollars, without airport fees and segment tax.

Roundtrip Coach fares for travel between:

Anchorage, AK         -     Cordova, AK           -     $129.00
Anchorage, AK         -     Eugene, OR            -     $359.00
Anchorage, AK         -     Fairbanks, AK         -     $99.00
Anchorage, AK         -     Kodiak, AK            -     $149.00
Anchorage, AK         -     Oakland, CA           -     $299.00
Anchorage, AK         -     Orange County, CA     -     $319.00
Anchorage, AK         -     Portland, OR          -     $279.00
Anchorage, AK         -     Sitka, AK             -     $209.00
Anchorage, AK         -     Yakutat, AK           -     $129.00
Burbank, CA           -     Eugene, OR            -     $229.00
Burbank, CA           -     Seattle, WA           -     $179.00
Cordova, AK           -     Anchorage, AK         -     $129.00
Eugene, OR            -     Anchorage, AK         -     $359.00
Eugene, OR            -     Burbank, CA           -     $229.00
Eugene, OR            -     Reno, NV              -     $129.00
Eugene, OR            -     Sacramento, CA        -     $179.00
Eugene, OR            -     Seattle, WA           -     $69.00
Fairbanks, AK         -     Anchorage, AK         -     $99.00
Fairbanks, AK         -     Phoenix, AZ           -     $499.00
Fairbanks, AK         -     Seattle, WA           -     $349.00
Fairbanks, AK         -     Spokane, WA           -     $459.00
Juneau, AK            -     Las Vegas, NV         -     $309.00
Juneau, AK            -     Oakland, CA           -     $289.00
Juneau, AK            -     Yakima, WA            -     $269.00
Ketchikan, AK         -     Burbank, CA           -     $179.00
Ketchikan, AK         -     Medford, OR           -     $379.00
Ketchikan, AK         -     San Diego, CA         -     $379.00
Ketchikan, AK         -     San Francisco, CA     -     $349.00
Kodiak, AK            -     Anchorage, AK         -     $149.00
Las Vegas, NV         -     Juneau, AK            -     $309.00
Las Vegas, NV         -     Redmond, OR           -     $189.00
Las Vegas, NV         -     Seattle, WA           -     $179.00
Los Angeles, CA       -     Yakima, WA            -     $229.00
Medford, OR           -     Ketchikan, AK         -     $379.00
Medford, OR           -     Oakland, CA           -     $179.00
Medford, OR           -     Ontario, CA           -     $239.00
Medford, OR           -     Phoenix, AZ           -     $239.00
Medford, OR           -     Portland, OR          -     $69.00
Medford, OR           -     Seattle, WA           -     $99.00
Oakland, CA           -     Anchorage, AK         -     $299.00
Oakland, CA           -     Juneau, AK            -     $289.00
Oakland, CA           -     Medford, OR           -     $179.00
Ontario, CA           -     Medford, OR           -     $239.00
Ontario, CA           -     Portland, OR          -     $179.00
Orange County, CA     -     Anchorage, AK         -     $319.00
Orange County, CA     -     Redmond, OR           -     $239.00
Pendleton, OR         -     Portland, OR          -     $59.00
Phoenix, AZ           -     Fairbanks, AK         -     $499.00
Phoenix, AZ           -     Medford, OR           -     $239.00
Portland, OR          -     Anchorage, AK         -     $279.00
Portland, OR          -     Medford, OR           -     $69.00
Portland, OR          -     Ontario, CA           -     $179.00
Portland, OR          -     Pendleton, OR         -     $59.00
Portland, OR          -     Redmond, OR           -     $79.00
Portland, OR          -     San Francisco, CA     -     $109.00
Portland, OR          -     Spokane, WA           -     $60.00
Redmond, OR           -     Las Vegas, NV         -     $189.00
Redmond, OR           -     Orange County, CA     -     $239.00
Redmond, OR           -     Portland, OR          -     $79.00
Redmond, OR           -     San Jose, CA          -     $179.00
Redmond, OR           -     Seattle, WA           -     $79.00
Reno, NV              -     Eugene, OR            -     $129.00
Reno, NV              -     Seattle, WA           -     $119.00
Sacramento, CA        -     Eugene, OR            -     $179.00
San Diego, CA         -     Ketchikan, AK         -     $379.00
San Diego, CA         -     Yakima, WA            -     $239.00
San Francisco, CA     -     Ketchikan, AK         -     $349.00
San Francisco, CA     -     Portland, OR          -     $109.00
San Francisco, CA     -     Yakima, WA            -     $179.00
San Jose, CA          -     Redmond, OR           -     $179.00
San Jose, CA          -     Seattle, WA           -     $109.00
Seattle, WA           -     Eugene, OR            -     $69.00
Seattle, WA           -     Fairbanks, AK         -     $349.00
Seattle, WA           -     Las Vegas, NV         -     $179.00
Seattle, WA           -     Medford, OR           -     $99.00
Seattle, WA           -     Redmond, OR           -     $79.00
Seattle, WA           -     Reno, NV              -     $119.00
Seattle, WA           -     San Jose, CA          -     $109.00
Seattle, WA           -     Yakima, WA            -     $59.00
Sitka, AK             -     Anchorage, AK         -     $209.00
Spokane, WA           -     Fairbanks, AK         -     $459.00
Spokane, WA           -     Portland, OR          -     $60.00
Yakima, WA            -     Juneau, AK            -     $269.00
Yakima, WA            -     Los Angeles, CA       -     $229.00
Yakima, WA            -     San Diego, CA         -     $239.00
Yakima, WA            -     San Francisco, CA     -     $179.00
Yakima, WA            -     Seattle, WA           -     $59.00
Yakutat, AK           -     Anchorage, AK         -     $129.00


Additional markets are available at:
http://shopping.alaskaair.com/webspecials/start.asp
Check the Alaska Web Specials page periodically as additional markets and
dates may be added.

________________________________________________________
4) WEB SPECIALS RULES

* Valid on Alaska Airlines or Horizon Air only.
* Seats are limited and may not be available on all flights/dates.
* Offer is for a very limited time and is subject to change without notice.
* Valid on new bookings only.
* Reservations must be made using the Alaska Airlines Web Site. Tickets
require immediate purchase by credit card when reservations are made.
* Ticketing will be electronic, using Instant Ticket services.
* Tickets are non-refundable, non-changeable and are of no value after the
last date of your planned travel.
* Fares quoted do not include Passenger Facilities Charges of up to $18 or
segment fees of $2.75 per flight segment. A flight segment is defined as
one takeoff and one landing.
* Other restrictions apply.


________________________________________________________
5) HILTON HOTEL SPECIALS

For special value rates at Hilton Hotels in Alaska Airlines cities visit
the Hilton web site at:
http://www.hilton.com/specials/values/akairvalues.html



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