EX-99.3 4 dex993.htm INVESTOR UPDATE _ SUPPLEMENTAL SLIDES Investor Update _ Supplemental Slides
Air Group is well prepared to weather
another downturn
Strong hedge portfolio
Young, fuel-efficient, simple fleet
Strong network of codeshare partners, poised to
benefit from Trans-Pac growth
Good progress with cost reduction
Conservative balance sheet with strong liquidity
The PNW and Alaska may fare better economically
than other regions
Management team committed to shareholder returns
Exhibit 99.3


Alaska’s aircraft are the most
fuel-efficient in operation today
Alaska Domestic Mission Rules
1,000 statute miles
Nominal fuel burn
Pax/Bag weight = 220 lb
100% load factor
Source: The Boeing Company
Better
10.76
11.16
11.65
12.38
12.63
12.75
13.12
15.36
16.49
3
8
13
18
737-900W
172 seats
737-800W
157 seats
A320  
149 seats
757-200
182 seats
737-700W
124 seats
737-400
144 seats
A319  
122 seats
MD-80
140 seats
DC-9 140
125 seats
Fuel gallons per passenger


Horizon’s aircraft are among the
most fuel-efficient
5.8
6.2
6.7
7.1
7.2
7.3
7.7
10.6
3
4
5
6
7
8
9
10
11
     Q400  
76 seats
CRJ900
88 seats
      E190  
99 seats
CRJ700
70 seats
    Q200   
37 seats
CRJ200
50 seats
     E170   
72 seats
    B1900  
19 seats
400 statute miles
100% load factor
Source: Bombardier
Better
Fuel gallons per passenger


Horizon Air CASM comparison
Fuel assumed at oil price of $110/bbl
23.2¢
24.1¢
14.9¢
45.3¢
34.2¢
17.7¢
18.4¢
28.8¢
16.0¢
13.9¢
16.6¢
10¢
20¢
30¢
40¢
50¢
Seattle-
Portland
Seattle-
Missoula
Seattle-   Santa
Rosa
System Average
Q200
CRJ
Q400
NA
Stage length (miles)
129
399
618
365