Alaska Airlines and Horizon Air 2014 Annual Report Download - page 111
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“Management’s Discussion and Analysis of Financial Condition and Results of Operations” discusses
future orders and options for additional aircraft.
71 of our owned aircraft secure long-term debt arrangements or collateralize our revolving credit
facility. See further discussion in “Liquidity and Capital Resources.”
Alaska’s leased B737 aircraft have lease expiration dates between 2015 and 2022. Horizon’s leased
Q400 aircraft have expiration dates in 2018, and the leases on the 14 CRJ-700 aircraft have expiration
dates between 2018 and 2020. Alaska and Horizon have the option to extend most of the leases for
additional periods, or the right to purchase the aircraft at the end of the lease term, usually at the then-
fair-market value of the aircraft.
GROUND FACILITIES AND SERVICES
We own terminal buildings in various cities in the state of Alaska and several buildings located at or
near Seattle-Tacoma International Airport (Sea-Tac) near Seattle, WA. These include a multi-bay hangar
and shops complex (used primarily for line maintenance), a flight operations and training center, an air
cargo facility, an information technology office and datacenter, and various other commercial office
buildings.
We lease ticket counters, gates, cargo and baggage space, ground equipment, office space, and other
support areas at the majority of the airports they serve. We also lease operations, training, and aircraft
maintenance facilities in Portland and Spokane, as well as line maintenance stations in Boise,
Bellingham, Eugene, San Jose, Medford, Redmond, Seattle, and Spokane. Further, we lease call center
facilities in Phoenix, AZ and Boise, ID.
ITEM 3. LEGAL PROCEEDINGS
We are a party to routine litigation matters incidental to our business. Management believes the
ultimate disposition of these matters is not likely to materially affect our financial position or results of
operations. This forward-looking statement is based on management’s current understanding of the
relevant law and facts, and it is subject to various contingencies, including the potential costs and risks
associated with litigation and the actions of judges and juries.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
27
ŠForm 10-K