<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ALASKA AIR
GROUP INC FIRST QUARTER 1995 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS
ENTIRRTY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
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<SECURITIES>                                     61299
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<INVENTORY>                                      41106
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<PP&E>                                         1159194
<DEPRECIATION>                                  296278
<TOTAL-ASSETS>                                 1287833
<CURRENT-LIABILITIES>                           426205
<BONDS>                                         579236
<COMMON>                                         16556
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<PREFERRED>                                          0
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<TOTAL-LIABILITY-AND-EQUITY>                   1287833
<SALES>                                         294573
<TOTAL-REVENUES>                                294573
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<INCOME-PRETAX>                                (29937)
<INCOME-TAX>                                   (13597)
<INCOME-CONTINUING>                            (16340)
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<NET-INCOME>                                   (16340)
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