<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
ALASKA AIR GROUP INC. 1995 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                           25800
<SECURITIES>                                    109300
<RECEIVABLES>                                    90100
<ALLOWANCES>                                      1600
<INVENTORY>                                      44800
<CURRENT-ASSETS>                                338400
<PP&E>                                         1150100
<DEPRECIATION>                                  336100
<TOTAL-ASSETS>                                 1313400
<CURRENT-LIABILITIES>                           444800
<BONDS>                                         522400
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         16700
<OTHER-SE>                                      195800
<TOTAL-LIABILITY-AND-EQUITY>                   1313400
<SALES>                                        1417500
<TOTAL-REVENUES>                               1417500
<CGS>                                          1341600
<TOTAL-COSTS>                                  1341600
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               51500
<INCOME-PRETAX>                                  34000
<INCOME-TAX>                                     16700
<INCOME-CONTINUING>                              17300
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     17300
<EPS-PRIMARY>                                     1.28
<EPS-DILUTED>                                     1.26