<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ALASKA AIR GROUP INC THIRD QUARTER 1999 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 76800 <SECURITIES> 170100 <RECEIVABLES> 90500 <ALLOWANCES> 0 <INVENTORY> 54700 <CURRENT-ASSETS> 495400 <PP&E> 1850500 <DEPRECIATION> 499700 <TOTAL-ASSETS> 1977200 <CURRENT-LIABILITIES> 600600 <BONDS> 153900 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 29100 <OTHER-SE> 884200 <TOTAL-LIABILITY-AND-EQUITY> 1977200 <SALES> 1580000 <TOTAL-REVENUES> 1580000 <CGS> 1399800 <TOTAL-COSTS> 1399800 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 11100 <INCOME-PRETAX> 194700 <INCOME-TAX> 77500 <INCOME-CONTINUING> 117200 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 117200 <EPS-BASIC> 4.45 <EPS-DILUTED> 4.43