0001398432-11-000825.txt : 20111019 0001398432-11-000825.hdr.sgml : 20111019 20111019153208 ACCESSION NUMBER: 0001398432-11-000825 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111019 DATE AS OF CHANGE: 20111019 GROUP MEMBERS: PAR CAPITAL MANAGEMENT, INC. GROUP MEMBERS: PAR GROUP, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALASKA AIR GROUP INC CENTRAL INDEX KEY: 0000766421 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 911292054 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-36542 FILM NUMBER: 111148020 BUSINESS ADDRESS: STREET 1: 19300 PACIFIC HWY SOUTH CITY: SEATTLE STATE: WA ZIP: 98188 BUSINESS PHONE: 206.392.5040 MAIL ADDRESS: STREET 1: PO BOX 68947 CITY: SEATTLE STATE: WA ZIP: 98168-0947 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAR INVESTMENT PARTNERS LP CENTRAL INDEX KEY: 0001066867 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O PAR CAPITAL MGT STREET 2: ONE INTERNATIONAL PLACE, SUITE 2401 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6175268964 MAIL ADDRESS: STREET 1: ONE INTERNATIONAL PLACE, SUITE 2400 CITY: BOSTON STATE: MA ZIP: 02110 SC 13G 1 sc13g-alaskaair.htm SCHEDULE 13G sc13g-alaskaair.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
SCHEDULE 13G
(Rule 13d-102)
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )1
 
Alaska Air Group
(Name of Issuer)
 
Common stock, par value $.01
(Title of class of securities)
 
011659109
(CUSIP Number)
 
October 10, 2011
(Date of event which requires filing of this statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
     o Rule 13d-1(b)
 
     þ Rule 13d-1(c)
 
     o Rule 13d-1(d)
 
(Continued on the following pages)
 
(Page 1 of 8 pages)
 
1         The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 
     
Page 2 of 8 Pages
SCHEDULE 13G
CUSIP No.
  
011659109
    

1
  
NAMES OF REPORTING PERSONS
 
PAR Investment Partners, L.P.
2
  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
 
(a)   o
 
(b)   þ
3
  
SEC USE ONLY
   
   
4
  
CITIZENSHIP OR PLACE OF ORGANIZATION
   
 
State of Delaware
 
5
  
SOLE VOTING POWER
     
NUMBER OF
  
1,810,414 Common stock, par value $.01
SHARES
6
  
SHARED VOTING POWER
BENEFICIALLY
    
OWNED BY
  
None
EACH
7
  
SOLE DISPOSITIVE POWER
REPORTING
    
PERSON
  
1,810,414 Common stock, par value $.01
WITH
8
  
SHARED DISPOSITIVE POWER
     
   
None
9
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
1,810,414 Common stock, par value $.01
10
  
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
 
o
11
  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
 
5.0% Common stock, par value $.01
12
  
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
 
PN
 
 
 
 
 
     
Page 3 of 8 Pages
SCHEDULE 13G
CUSIP No.
  
011659109
    

1
  
NAMES OF REPORTING PERSONS
 
PAR Group, L.P.
2
  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
 
(a)   o
 
(b)   þ
3
  
SEC USE ONLY
   
   
4
  
CITIZENSHIP OR PLACE OF ORGANIZATION
   
 
State of Delaware
 
5
  
SOLE VOTING POWER
     
NUMBER OF
  
1,810,414 Common stock, par value $.01
SHARES
6
  
SHARED VOTING POWER
BENEFICIALLY
    
OWNED BY
  
None
EACH
7
  
SOLE DISPOSITIVE POWER
REPORTING
    
PERSON
  
1,810,414 Common stock, par value $.01
WITH
8
  
SHARED DISPOSITIVE POWER
     
   
None
9
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
1,810,414 Common stock, par value $.01
10
  
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
 
o
11
  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
 
5.0% Common stock, par value $.01
12
  
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
 
PN
 
 
 
 
 
     
Page 4 of 8 Pages
SCHEDULE 13G
CUSIP No.
  
011659109
    

1
  
NAMES OF REPORTING PERSONS
 
PAR Capital Management, Inc.
2
  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
 
(a)   o
 
(b)   þ
3
  
SEC USE ONLY
   
   
4
  
CITIZENSHIP OR PLACE OF ORGANIZATION
   
 
State of Delaware
 
5
  
SOLE VOTING POWER
     
NUMBER OF
  
1,810,414 Common stock, par value $.01
SHARES
6
  
SHARED VOTING POWER
BENEFICIALLY
    
OWNED BY
  
None
EACH
7
  
SOLE DISPOSITIVE POWER
REPORTING
    
PERSON
  
1,810,414 Common stock, par value $.01
WITH
8
  
SHARED DISPOSITIVE POWER
     
   
None
9
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
1,810,414 Common stock, par value $.01
10
  
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
 
o
11
  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
 
5.0% Common stock, par value $.01
12
  
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
 
CO
 
 
 
 
 
     
Page 5 of 8 Pages
STATEMENT ON SCHEDULE 13G
CUSIP No.
  
011659109
    
 
       
Item 1(a).
  
Name of Issuer:
       
   
Alaska Air Group
       
Item 1(b).
  
Address of Issuer's Principal Executive Offices:
       
   
19300 International Boulevard
   
Seattle, Washington 98188
       
Item 2(a).
  
Names of Person Filing:
       
   
PAR Investment Partners, L.P
   
PAR Group, L.P.
   
PAR Capital Management, Inc.
       
Item 2(b).
  
Business Mailing Address for the Person Filing:
       
   
PAR Capital Management, Inc.
   
One International Place, Suite 2401
   
Boston, MA 02110
       
Item 2(c).
  
Citizenship:
       
   
State of Delaware
       
Item 2(d).
  
Title of Class of Securities:
       
   
Common stock, par value $.01
       
Item 2(e).
  
CUSIP Number:
       
   
011659109
       
Item 3.
  
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:
       
   
Not Applicable
       
Item 4.
  
Ownership:
       
   
(a)  Amount Beneficially Owned:
     
1,810,414 common stock, par value $.01
       
   
(b)  Percent of Class:
     
5.0% common stock, par value $.01
       
   
(c)  Number of shares as to which such person has:
       
   
(i) 
sole power to vote or to direct the vote:
     
1,810,414 common stock, par value $.01
       
   
(ii) 
shared power to vote or to direct the vote:
       
   
(iii) 
sole power to dispose or to direct the disposition of:
     
1,810,414 common stock, par value $.01
       
   
(iv) 
shared power to dispose or to direct the disposition of:
 
 
 
 
 
     
Page 6 of 8 Pages
STATEMENT ON SCHEDULE 13G
CUSIP No.
  
011659109
    
 
     
Item 5.
  
Ownership of Five Percent or Less of a Class:
     
   
Not Applicable
     
Item 6.
  
Ownership of More than Five Percent on Behalf of Another Person:
     
   
Not Applicable
     
Item 7.
  
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
     
   
Not Applicable
     
Item 8.
  
Identification and Classification of Members of the Group:
     
   
Not Applicable
     
Item 9.
  
Notice of Dissolution of Group:
     
   
Not Applicable
     
Item 10.
  
Certification:
     
   
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
 
 
 
SIGNATURE
 
                     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated: October 19, 2011
 
 
PAR INVESTMENT PARTNERS, L.P.
 
By:   PAR GROUP, L.P.
         its general partner
By:   PAR CAPITAL MANAGEMENT, INC.
         its general partner
 
By:   /s/ Steven M. Smith
         Steven M. Smith, Chief Operating Officer
   
 
PAR GROUP, L.P.
 
By:   PAR CAPITAL MANAGEMENT, INC.
         its general partner
 
By:   /s/ Steven M. Smith
         Steven M. Smith, Chief Operating Officer
   
   
 
PAR CAPITAL MANAGEMENT, INC.
   
 
By:   /s/ Steven M. Smith
         Steven M. Smith, Chief Operating Officer

 
 
 
 
 
JOINT FILING AGREEMENT
 
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the COMMON STOCK, PAR VALUE $.01 of Alaska Air Group and further agree that this agreement be included as an exhibit to such filing. Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts.

In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 19th day of October, 2011.
 
 
PAR INVESTMENT PARTNERS, L.P.
 
By:   PAR GROUP, L.P.
         its general partner
By:   PAR CAPITAL MANAGEMENT, INC.
         its general partner
 
By:   /s/ Steven M. Smith
         Steven M. Smith, Chief Operating Officer
   
 
PAR GROUP, L.P.
 
By:   PAR CAPITAL MANAGEMENT, INC.
         its general partner
 
By:   /s/ Steven M. Smith
         Steven M. Smith, Chief Operating Officer
   
   
 
PAR CAPITAL MANAGEMENT, INC.
   
 
By:   /s/ Steven M. Smith
         Steven M. Smith, Chief Operating Officer