Initial Statement of Beneficial Ownership (Form 3)

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * DeHaan Tiffany J 2. Date of Event Requiring Statement (Month/Day/Year) 06/29/2026 3. Issuer Name and Ticker or Trading Symbol ALASKA AIR GROUP, INC. [ALK] (Last) (First) (Middle) C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP and Chief of Staff to CEO 5. If Amendment, Date Original Filed (Month/Day/Year) (Street) SEATTLE, WA 98188 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) COMMON STOCK 1,356 D COMMON STOCK 2(1) I By son

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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
RESTRICTED STOCK UNITS	(2)	(2)	COMMON STOCK	887	(2)	D
RESTRICTED STOCK UNITS	(3)	(3)	COMMON STOCK	680	(3)	D
RESTRICTED STOCK UNITS	(4)	(4)	COMMON STOCK	1,447	(4)	D
RESTRICTED STOCK UNITS	(5)	(5)	COMMON STOCK	794	(5)	D
RESTRICTED STOCK UNITS	(6)	(6)	COMMON STOCK	2,370	(6)	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DeHaan Tiffany J C/O ALASKA AIR GROUP, INC. 19300 INTERNATIONAL BLVD SEATTLE, WA 98188			VP and Chief of Staff to CEO

Signatures

/s/ Howard Kuppler, by power of attorney		07/07/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
(2)	Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. The number of shares reported represent the unvested portion from an RSU grant of 2,660 shares issued on March 19, 2024. The RSUs vest in three equal installments on each of February 13, 2025; February 13, 2026, and February 13, 2027.
(3)	Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. The number of shares reported represent the unvested portion from an RSU grant of 2,040 shares issued on March 19, 2024. The RSUs vest in three equal installments on each of February 13, 2025; February 13, 2026, and February 13, 2027.
(4)	Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. The number of shares reported represent the unvested portion from an RSU grant of 2,170 shares issued on February 11, 2025. The RSUs vest in three equal installments on each of February 11, 2026; February 11, 2027, and February 11, 2028.
(5)	Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. The number of shares reported represent the unvested portion from an RSU grant of 1,190 shares issued on February 11, 2025. The RSUs vest in three equal installments on each of February 11, 2026; February 11, 2027, and February 11, 2028.
(6)	Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. The number of shares reported represent the unvested portion from an RSU grant of 2,370 shares issued on February 10, 2026. The RSUs vest in three equal installments on each of February 10, 2027; February 10, 2028, and February 10, 2029.

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