<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ALASKA AIR GROUP INC SECOND QUARTER 1996 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 53000 <SECURITIES> 52100 <RECEIVABLES> 89200 <ALLOWANCES> 0 <INVENTORY> 46000 <CURRENT-ASSETS> 323700 <PP&E> 1208700 <DEPRECIATION> 358800 <TOTAL-ASSETS> 1324800 <CURRENT-LIABILITIES> 453500 <BONDS> 483700 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 17200 <OTHER-SE> 227500 <TOTAL-LIABILITY-AND-EQUITY> 1324800 <SALES> 768100 <TOTAL-REVENUES> 768100 <CGS> 732900 <TOTAL-COSTS> 732900 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 20900 <INCOME-PRETAX> 19400 <INCOME-TAX> 8600 <INCOME-CONTINUING> 10800 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10800 <EPS-PRIMARY> .76 <EPS-DILUTED> .66