Alaska Airlines and Horizon Air 2012 Annual Report Download - page 137
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders
Alaska Air Group, Inc.:
We have audited the accompanying consolidated
balance sheets of Alaska Air Group, Inc. and
subsidiaries as of December 31, 2012 and
2011, and the related consolidated statements
of operations, comprehensive operations,
shareholders’ equity, and cash flows for each of
the years in the three-year period ended
December 31, 2012. These consolidated
financial statements are the responsibility of the
Company’s management. Our responsibility is to
express an opinion on these consolidated
financial statements based on our audits.
We conducted our audits in accordance with the
standards of the Public Company Accounting
Oversight Board (United States). Those
standards require that we plan and perform the
audit to obtain reasonable assurance about
whether the financial statements are free of
material misstatement. An audit includes
examining, on a test basis, evidence supporting
the amounts and disclosures in the financial
statements. An audit also includes assessing
the accounting principles used and significant
estimates made by management, as well as
evaluating the overall financial statement
presentation. We believe that our audits provide
a reasonable basis for our opinion.
In our opinion, the consolidated financial
statements referred to above present fairly, in all
material respects, the financial position of
Alaska Air Group, Inc. and subsidiaries as of
December 31, 2012 and 2011, and the results
of their operations and their cash flows for each
of the years in the three-year period ended
December 31, 2012, in conformity with
U.S. generally accepted accounting principles.
We also have audited, in accordance with the
standards of the Public Company Accounting
Oversight Board (United States), Alaska Air
Group, Inc.’s internal control over financial
reporting as of December 31, 2012, based on
criteria established in Internal Control—
Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway
Commission (COSO), and our report dated
February 14, 2013 expressed an unqualified
opinion on the effectiveness of the Company’s
internal control over financial reporting.
/s/ KPMG LLP
Seattle, Washington
February 14, 2013
49
ŠForm 10-K