ALASKA AIR GROUP INC

Ticker: ALK CUSIP: 011659109 Class: COM

Smead Capital Management, Inc.'s Holding History (CIK: 0001427008)

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

Q1 2018

Shares 409,529 Value ($000) $25,374 Avg Close $63.43 Range $56.51 - $71.97

Q4 2017

Shares 409,475 Value ($000) $30,101 Avg Close $67.65 Range $58.01 - $78.50

Q3 2017

Shares 428,860 Value ($000) $32,709 Avg Close $77.46 Range $67.57 - $90.57

Q2 2017

Shares 434,640 Value ($000) $39,013 Avg Close $82.77 Range $77.31 - $88.12

Q1 2017

Shares 444,980 Value ($000) $41,036 Avg Close $89.03 Range $81.01 - $95.59

Q4 2016

Shares 454,422 Value ($000) $40,321 Avg Close $73.89 Range $61.40 - $86.33

Q3 2016

Shares 366,305 Value ($000) $24,125 Avg Close $61.44 Range $52.62 - $67.05

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	409,529	$25,374	$63.43	$56.51 - $71.97
Q4 2017	409,475	$30,101	$67.65	$58.01 - $78.50
Q3 2017	428,860	$32,709	$77.46	$67.57 - $90.57
Q2 2017	434,640	$39,013	$82.77	$77.31 - $88.12
Q1 2017	444,980	$41,036	$89.03	$81.01 - $95.59
Q4 2016	454,422	$40,321	$73.89	$61.40 - $86.33
Q3 2016	366,305	$24,125	$61.44	$52.62 - $67.05