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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Amendment No. 1
Alaska Air Group, Inc.
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(Name of Issuer)
Common Stock, $1.00 par value
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(Title of Class of Securities)
011659109
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(CUSIP Number)
Check the following box if a fee is being paid with this
statement _______. (A fee is not required only if the filing
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class
of securities described in item 1: and (2) has filed no
amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.) (See Rule 13d-7.)
(Continued on following pages)
Page 1 of 5 Pages
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CUSIP NO.
011659109
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Goldman, Sachs & Co.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
409,217
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
409,217
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,217
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.0%
12 TYPE OF REPORTING PERSON
BD-PN-IA
Page 2 of 5 Pages
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CUSIP NO.
011659109
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Goldman Sachs Group, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
409,217
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
409,217
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,217
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.0%
12 TYPE OF REPORTING PERSON
HC-PN
Page 3 of 5 Pages
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Item 4. Ownership.
(a). Amount beneficially owned:
See the responses(s) to Item 9 on the attached cover page(s).
(b). Percent of class:
See the response(s) to Item 11 on the attached cover page(s).
(c). Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See the response(s) to Item 5 on the attached cover
page(s).
(ii) Shared power to vote or direct the vote:
See the response(s) to Item 6 on the attached cover
page(s).
(iii) Sole power to dispose or to direct the disposition of:
See the response(s) to Item 7 on the attached cover
page(s).
(iv) Shared power to dispose or to direct the disposition of:
See the response(s) to Item 8 on the attached cover
page(s).
Item 5. Ownership of Five Percent or Less of a Class.
April 4, 1996
Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection with
or as a participant in any transaction having such
purpose or effect.
Page 4 of 5 Pages
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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.
Date: May 9, 1996
THE GOLDMAN SACHS GROUP, L.P.
By:/s/ David L. Henle
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Name: David L. Henle
Title: General Partner
GOLDMAN, SACHS & CO.
By:/s/ David L. Henle
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Name: David L. Henle
Title: General Partner
Page 5 of 5 Pages
