ALASKA AIR GROUP INC

Ticker: ALK CUSIP: 011659109 Class: COM

Ancient Art, L.P.'s Holding History (CIK: 0001426749)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 43,451 Value ($000) $4,130 Avg Close $43.26 Range $39.84 - $45.93

Q1 2014

Shares 117,420 Value ($000) $10,956 Avg Close $37.56 Range $32.81 - $42.62

Q4 2013

Shares 199,322 Value ($000) $14,624 Avg Close $32.10 Range $27.18 - $35.52

Q3 2013

Shares 220,315 Value ($000) $13,796 Avg Close $26.91 Range $23.00 - $29.20

Q2 2013

Shares 183,320 Value ($000) $9,533 Avg Close $26.50 Range $22.62 - $30.57

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	43,451	$4,130	$43.26	$39.84 - $45.93
Q1 2014	117,420	$10,956	$37.56	$32.81 - $42.62
Q4 2013	199,322	$14,624	$32.10	$27.18 - $35.52
Q3 2013	220,315	$13,796	$26.91	$23.00 - $29.20
Q2 2013	183,320	$9,533	$26.50	$22.62 - $30.57