PFC Quarterly Report - Receipts Collected For the Quarter Ended December 31, 2016 (Application No. 2) Application #05-02-C-00-ANC $14,000,000.00 Application #05-02-C-01-ANC 71,000,000.00 Total Collection Authority $85,000,000.00

PFC Revenue Received Air Carriers Current Quarter Previous Quarters Cumulative - $ 158.95 $ 158.95 Russian Airline 98.04 606.57 704.61 Aerolane Lineas Aereas Nacionale - 112.71 112.71 Aero Mexico 231.20 3,757.00 3,988.20 Aerovias De Mexico 335.24 20.23 355.47 7,550.14 429,797.16 437,347.30 268.80 12,526.55 12,795.35 Air 221.76 5,471.87 5,693.63 Air Pacific Limited DBA Airways- 1,442.11 1,442.11 , Inc. - 17.34 17.34 - 31.79 31.79 921,111.94 29,587,692.09 30,508,804.03 Airlines - 338.13 338.13 Alitalia Societa Aerea Italiana S.P.A. - 8.67 8.67 Co 765.63 1,972.00 2,737.63 Aloha Airlines - 86.37 86.37 America West Airlines - 180,410.15 180,410.15 20,576.06 1,456,035.82 1,476,611.88 American Trans Air - 459.07 459.07 666.82 35,596.07 36,262.89 14.45 1,799.68 1,814.13 Aviacion Commercial Del America - 5.78 5.78 130.05 954.71 1,084.76 Big Sky Airlines - 20.23 20.23 305.24 17,010.75 17,315.99 Brussels - 147.39 147.39 - 40.46 40.46 Cape Smythe Air Service, Inc - 8.67 8.67 Airways 155.93 9,894.21 10,050.14 Champion Air - 274.55 274.55 Airlines 869.89 154,629.06 155,498.95 Compania Panamena De Aviacion 92.48 661.81 754.29 Flugdienst, GMBH 3,478.16 342,350.53 345,828.69 Continental Airlines - 1,645,749.29 1,645,749.29 Corvus Airline 2,063.05 58,052.91 60,115.96 - 164.73 164.73 Delta Airlines 163,170.36 5,007,520.02 5,170,690.38 Elal Israel Airlines 11.56 242.76 254.32 387.98 13,001.60 13,389.58 - 2.89 2.89 Eva Airways Corp 2,430.49 20,845.57 23,276.06 89.59 89.59 - 115.60 115.60 , Inc. - 422,970.53 422,970.53 Frontier Flying Service - 3,184.84 3,184.84 Great Lakes Aviation, Ltd. - 283.22 283.22 Great Western Financial - 8.67 8.67 Hawaiia - 175.41 175.41 478.23 140,931.58 141,409.81 Airlines of Spain - 210.97 210.97 5,447.99 78,058.59 83,506.58 Island Air Service 20.23 94.68 114.91 Airlines International Co 39.91 67,509.81 67,549.72 - 18.95 18.95 Jet Aviation - 8.67 8.67 Jet Blue Airways 13,187.42 483,704.20 496,891.62 KLM Royal Dutch Airlines 97.05 6,271.74 6,368.79 Lines 1,660.71 91,736.82 93,397.53 Kuwait Airlines - 14.45 14.45 Lan Argentina S.A. 5.78 66.36 72.14 Lan Chile Airlines - 215.30 215.30 Lan Peru S.A. 8.67 791.66 800.33 Latam Airlines Group, S.A. 94.27 1,689.07 1,783.34 Lineas Aereas Costarricenses S.A. - 98.26 98.26 LOT Polish Airlines - 126.50 126.50 German Airlines 398.38 27,328.64 27,727.02 - 179.18 179.18 - 698.06 698.06 Mexicana Airlines - 968.04 968.04 Miami Air International - 5,771.33 5,771.33 Midwest Airlines - 4,751.13 4,751.13 MN Airlines, LLC dba Sun Country Airline 1,843.82 362,094.42 363,938.24 Monarch Airlines - 265.88 265.88 North American Airline - 780.30 780.30 , Inc. - 1,579,472.19 1,579,472.19 - 2,274.43 2,274.43 Peninsula Airways 323.68 14,172.17 14,495.85 Polish Airlines - 57.80 57.80 Airways Ltd 146.73 6,397.95 6,544.68 Corp. 60.69 191.29 251.98 - 1,412.58 1,412.58 Saudi Arabian Airlines Corp. 4.39 4.39 8.78 - 4,090.48 4,090.48 Seaport Airlines - 5.78 5.78 Corp 8.67 21.73 30.40 Airlines 69.36 3,742.55 3,811.91 - 375.70 375.70 Swiss Interntrional Airline 17.34 3,777.11 3,794.45 Swissport USA Inc. - 5.78 5.78 Taca International Airlines - 156.06 156.06 Tam -Linhas Aereas SA 11.56 54.91 66.47 Tap Air Portugal - 60.69 60.69 Thompson Airways- 604.01 604.01 Transportes Aereos Meridionais Tam Airlines - 840.77 840.77 , Inc 48.91 173.07 221.98 75,897.78 3,090,284.63 3,166,182.41 US Airways - 1,130,301.32 1,130,301.32 Varig Airlines - 11.56 11.56 41.01 26,091.27 26,132.28 46.02 436.06 482.08 Virgin Airlines 57.80 83.81 141.61 Virgin - 3,916.39 3,916.39 Vladivostok Air America, Inc - 1,537.48 1,537.48 West Jet 1,140.34 19,467.56 20,607.90 Yakutia Air 1,540.37 5,675.96 7,216.33 From Air Carriers $ 1,227,721.97 $ 46,586,738.59 $ 47,814,460.56

Interest Earned (768.45) 989,555.45 988,787.00

Adjustment 74,028.00 74,028.00

Excess Revenue from APP 99-01-C-00-ANC 1,182,614.63 1,182,614.63

Total PFC Revenue$ 1,226,953.52 $ 48,832,936.67 $ 50,059,890.19 PFC Quarterly Report - Project Expenditure Activity

Public Agency: State of Alaska, DOT & PF Use Airport: Ted Stevens Anchorage International Airport (ANC) Quarter Ending: December 31, 2016

Projects Approved for Date for Charge Est Project Est Project Expenditures Expenditures Current Est. Authority to Impose and Use Use & Expiration Approved Implement Complete For Current For Previous Cumulative Amount of Costs To Be PFC Revenues Impose Date Level Date Date Quarter Quarters Expenditures Use Approval PFC Funded

1 . Terminal Redevelopment (PFC payments to debt service 10/1/00 1/1/06$ 3.00 8/1/98 10/26/11$ - $ 21,043,173.00 $ 21,043,173.00 $ 21,043,173.00 $ 21,043,173.00

Total on Application 99-01-C-00-ANC $ - $ 21,043,173.00 $ 21,043,173.00 $ 21,043,173.00 $ 21,043,173.00

1 . Concourse A & B Retrofit (Pay as you go projects) 10/12/05 7/1/09$ 3.00 6/1/05 6/30/09$ - $ 13,509,088.51 $ 13,509,088.51 $ 14,000,000.00 $ 14,000,000.00

2 . Concourse A & B Retrofit (PFC payments to debt service 7/1/09 12/1/26$ 3.00 6/1/05 6/30/09 32,600,000.00 32,600,000.00 71,000,000.00 71,000,000.00

Total on Application 05-02-C-01-ANC $ - $ 46,109,088.51 $ 46,109,088.51 $ 85,000,000.00 $ 85,000,000.00

Total All Applications $ - $ 67,152,261.51 $ 67,152,261.51 $ 106,043,173.00 $ 106,043,173.00 PFC Quarterly Report - Revenue Receipts & Project Expenditure Summary

Public Agency: State of Alaska, DOT & PF Use Airport: Ted Stevens Anchorage International Airport (ANC) Quarter ending: December 31, 2016

A. PFC COLLECTIONS & INTERESTS

Prior Quarter Current Current Cumulative Authorizing Reported Quarter Quarter Collections Document (Cumulative) Revenue Earned Interest Earned to Date

99-01-C-00-ANC$ 21,043,173.00 $ - $ - $ 21,043,173.00

05-02-C-01-ANC 48,832,936.67 1,227,721.97 (768.45) 50,059,890.19

TOTAL $ 69,876,109.67 $ 1,227,721.97 $ (768.45) $ 71,103,063.19

B. AUTHORITY AND PROJECT EXPENDITURES SUMMARY

Charge Authority Previous Cumulative Current Quarter Quarter-end Cumulative Unliquidated Authorizing Date for Expiration Approved Collections Expenditures Collections Expenditures Collections PFC Revenue Document Use & Impose Date Level Impose Use & Interest & Interest & Interest Expenditures Balance

99-01-C-00-ANC 10/1/2000 1/1/2006$ 3.00 $ 22,000,000.00 $ 22,000,000.00 $ 21,043,173.00 $ 21,043,173.00 $ - $ - $ 21,043,173.00 $ 21,043,173.00 $ -

05-02-C-00-ANC 10/12/2005 7/1/2009$ 3.00 14,000,000.00 14,000,000.00 13,509,088.51 13,509,088.51 - - 13,509,088.51 13,509,088.51 -

05-02-C-01-ANC 7/1/2009 12/1/2026$ 3.00 71,000,000.00 71,000,000.00 35,323,848.16 32,600,000.00 1,226,953.52 - 36,550,801.68 32,600,000.00 3,950,801.68

TOTAL $ 107,000,000.00 $ 107,000,000.00 $ 69,876,109.67 $ 67,152,261.51 $ 1,226,953.52 $ - $ 71,103,063.19 $ 67,152,261.51 $ 3,950,801.68