Is AS spinning off QX? - AS 10K / Exhibit 10

["John Eric Conner (AOL IM: jec9) (Fax: 978 231 6366)" <nostep@xxxxxxxxx>]

Noticed:

As part of George Bagley's employment agreement with Alaska Air Group he is
entitled to options for the purchase of shares in Horizon if offered for
sale to the public.

QX being spun off?

3/31/2002  AS 10K / Exhibit 10

John Conner