UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12B-25

                            SEC FILE NUMBER 333-58246

                           NOTIFICATION OF LATE FILING

                                  CUSIP NUMBER

      (Check One): [] Form 10-K [ ] Form 20-F [ ] Form 11-K [X ] Form 10-Q
                                 [ ] Form N-SAR

                        For Period Ended: March 31, 2003

 If the notification relates to a portion of the filing checked above, identify
                the Item (s) to which the notification relates:

PART  I  -  REGISTRATION  INFORMATION

ALASKA  FREIGHTWAYS,  INC.
300  East  54th  Ave.,  Suite  200
Anchorage,  AK  99518

PART  II  -  RULES  12B-25  (B)  AND  (C)

If  the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be  completed.  (Check  box  if  appropriate)  [X]

(a)  The  reasons  described in reasonable detail in Part III of this form could
not  be  eliminated  without  unreasonable  effort  or  expense;

(b)  The  subject  annual  report, semi-annual report, transition report on Form
10-K,  Form  20-F or 11-K or Form N-SAR, or portion thereof, will be filed on or
before  the  fifteenth  calendar  day  following the prescribed due date; or the
subject  quarterly  report of transition report on Form 10-Q, or portion thereof
will  be  filed on or before the fifth calendar day following the prescribed due
date;  and

(c)  The  accountant's statement or other exhibit required by Rule 12b-25(c) has
been  attached  if  applicable.




PART  III  -  NARRATIVE

State  below  in  reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed  time  period.

The  Company  was  unable  to  complete and obtain required financials and other
information  without  unreasonable  effort  and  expense.

PART  IV  -  OTHER  INFORMATION

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
notification

Donald  E.  Nelson,  (907)  770-3709

(2)  Have  all  other periodic reports required under Section 13 or 15(d) of the
Securities  Exchange  Act of 1934 or Section 30 of the Investment Company Act of
1940  during  the  preceding  12  months  or  for  such  shorter period that the
registrant  was  required  to  file  such  report(s) been filed If answer is no,
identify  report(s).

[x]  Yes  [  ]  No

(3)  Is it anticipated that any significant change in results of operations from
the  corresponding  period  for  the  last  fiscal year will be reflected by the
earnings  statements  to  be  included in the subject report or portion thereof.

[  ]  Yes  [X]  No

If  so,  attach  an  explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons way a reasonable estimate
of  the  results  cannot  be  made.

Alaska Freightways, Inc. has caused this notification to be signed on its behalf
by  the  undersigned  hereunto  duly  authorized.


Date:  May  13,  2003


By:  /s/  Donald  E.  Nelson
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Donald  E.  Nelson
President