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INTERNATIONAL AIRPORT COMPARATIVE TRAFFIC REPORT January 2005

Monthly Comparison Fiscal Year-To-Date Jan 2005 Jan 2004% Change 2005 2004 % Change

Flight Operations - Total * 27,816 28,673 -3.0% 205,022 199,462 2.8% Air Carrier 19,390 19,807 -2.1% 142,780 137,958 3.5% Air Taxi 6,878 7,372 -6.7% 50,432 50,194 0.5% Civil 1,347 1,290 4.4% 10,262 9,768 5.1% Military 201 204 -1.5% 1,548 1,542 0.4%

Revenue Landed Weight (000 lbs.) 2,146,261 2,217,862 -3.2% 16,110,235 15,652,714 2.9%

Total Airport Passengers ** 2,440,164 2,277,880 7.1% 19,623,495 18,066,425 8.6% Total Enplaned & Deplaned 2,402,196 2,232,190 7.6% 19,311,103 17,760,375 8.7% Total Enplaned 1,168,352 1,093,928 6.8% 9,576,592 8,875,096 7.9% Total Deplaned 1,233,844 1,138,262 8.4% 9,734,511 8,885,279 9.6% Domestic 1,762,501 1,626,876 8.3% 14,742,477 13,454,915 9.6% Enplanements 858,688 799,902 7.3% 7,298,537 6,714,392 8.7% Deplanements 903,813 826,974 9.3% 7,443,940 6,740,523 10.4% International 639,695 605,314 5.7% 4,568,626 4,305,460 6.1% Enplanements 309,664 294,026 5.3% 2,278,055 2,160,704 5.4% Deplanements 330,031 311,288 6.0% 2,290,571 2,144,756 6.8%

Total U.S. Mail (metric tons) 7,852 6,988 12.4% 46,450 51,674 -10.1% Domestic 5,919 5,483 7.9% 32,489 35,939 -9.6% Loaded 4,029 3,609 11.6% 21,909 24,407 -10.2% Unloaded 1,890 1,875 0.8% 10,579 11,532 -8.3% International 1,933 1,505 28.5% 13,962 15,734 -11.3% Loaded 1,080 855 26.4% 8,761 8,705 0.6% Unloaded 853 650 31.2% 5,200 7,029 -26.0%

Total Cargo *** (metric tons) 39,667 32,891 20.6% 292,656 269,076 8.8% Domestic 18,812 14,885 26.4% 127,754 109,655 16.5% Loaded 9,366 7,655 22.4% 70,255 58,209 20.7% Unloaded 9,446 7,231 30.6% 57,499 51,446 11.8% International 20,855 18,006 15.8% 164,902 159,421 3.4% Loaded 8,181 7,869 4.0% 69,588 71,110 -2.1% Unloaded 12,674 10,137 25.0% 95,314 88,311 7.9%

Total Cargo and U.S. Mail (metric tons) 47,519 39,879 19.2% 339,107 320,750 5.7%

Cars Exited (Garage and Lot) 278,858 283,088 -1.5% 1,642,072 1,622,315 1.2%

Total Airport passengers for 12 months ending January 2005: 32,901,828 (represents an increase of 12.0% compared to the 12 months ending January 2004).

* SFO ATCT Traffic Control Count. ** Total airport passengers include total enplaned and deplaned passengers and passengers who fly into and out of SFO on the same aircraft. *** Excludes mail.

Prepared by Financial Planning & Analysis Unit Friday, May 20, 2005 AIR SERVICE AT SAN FRANCISCO INTERNATIONAL AIRPORT

DOMESTIC PASSENGER AIR CARRIERS: CARGO-ONLY :

AirTran Airways ABX Air Inc. Airlines* , Inc. American West Airlines Airlines American Trans Air* Federal Express Midwest Express Cargo Sun Country (MN Airlines) TradeWinds Airlines * US Airways *

FOREIGN FLAG CARRIERS: : American Eagle Airlines, Inc. , Inc. Air (CAAC) Skywest Airlines ()** Skywest Airlines ()*** SEASONAL/CHARTER AIRLINES: Air Icelandic Airlines BelAir Airlines EVA Airways Corporation Air Airlines KLM Royal Dutch Airlines German Airlines Mexicana Airlines TACA International Airlines Westjet Airways World Airways

* Airlines providing Domestic and International service. Major domestic ** United Express operated by Skywest Airlines. Foreign flag 21 *** operated by Skywest Airlines. Commuter 5 Seasonal 3 Total Passenger Airlines 11 Total Cargo Airlines 40 Total Airlines: 54 SAN FRANCISCO INTERNATIONAL AIRPORT INTERNATIONAL SUMMARY SHEET January 2005

Monthly Comparison Fiscal Year-To-Date Jan 2005 Jan 2004% Change 2005 2004 % Change

International Flight Operations 3,872 3,678 5.3% 26,878 25,782 4.3% Domestic Carriers 1,802 1,618 11.4% 11,598 11,184 3.7% Foreign Flag Carriers 2,070 2,060 0.5% 15,280 14,598 4.7%

Total Airport International Passengers ** 653,281 621,936 5.0% 4,690,070 4,418,902 6.1%

Total International Enplaned and Deplaned 639,695 605,314 5.7% 4,568,626 4,305,460 6.1% Europe - Total Passengers 150,724 146,553 2.8% 1,251,251 1,239,296 1.0% Enplanements 74,446 71,900 3.5% 619,730 609,433 1.7% Deplanements 76,278 74,653 2.2% 631,521 629,863 0.3% Far East - Total Passengers 319,001 321,455 -0.8% 2,158,115 2,051,693 5.2% Enplanements 152,335 154,649 -1.5% 1,063,902 1,033,060 3.0% Deplanements 166,666 166,806 -0.1% 1,094,213 1,018,633 3.7% Australia/Oceania - Total Passengers 25,951 18,400 41.0% 172,679 113,685 51.9% Enplanements 13,173 9,479 39.0% 86,769 56,650 53.2% Deplanements 12,778 8,921 43.2% 85,910 57,035 50.6% Mexico/Caribbean/C.Amer. - Total Passengers 69,945 48,278 44.9% 372,738 306,385 21.7% Enplanements 33,837 23,662 43.0% 201,377 164,446 22.5% Deplanements 36,108 24,616 46.7% 171,361 141,939 20.7% Canada - Total Passengers 74,074 70,628 4.9% 613,843 594,401 3.3% Enplanements 35,873 34,336 4.5% 306,277 297,115 3.1% Deplanements 38,201 36,292 5.3% 307,566 297,286 3.5%

Total International Cargo and Mail (metric tons) 22,788 19,511 16.8% 178,864 172,210 3.9% Europe - Total Cargo & Mail 4,601 4,528 1.6% 37,008 38,352 -3.5% Enplanements 2,458 2,167 13.4% 19,562 18,696 4.6% Deplanements 2,143 2,361 -9.2% 17,446 19,656 -11.2% Far East - Total Cargo and Mail 17,596 14,528 21.1% 135,586 129,274 4.9% Enplanements 6,553 6,363 3.0% 55,900 57,770 -3.2% Deplanements 11,043 8,165 35.2% 79,687 71,504 11.4% Australia/Oceania - Total Cargo and Mail 432 182 137.8% 3,987 2,314 72.3% Enplanements 187 69 171.3% 1,609 800 101.2% Deplanements 245 113 117.3% 2,379 1,514 57.1% Mexico/Caribbean/C.Amer. - Total Cargo and Mail 101 86 17.6% 620 579 7.1% Enplanements 26 21 28.3% 179 159 12.2% Deplanements 75 66 14.2% 441 419 5.2% Canada - Total Cargo and Mail 57 186 -69.4% 1,663 1,691 -1.7% Enplanements 38 105 -64.1% 1,101 862 27.7% Deplanements 19 82 -76.2% 562 829 -32.3%

** Total airport international passengers include total enplaned and deplaned passengers and passengers who fly into and out of SFO on the same aircraft.

Prepared by Financial Planning & Analysis Unit Friday, May 20, 2005 SAN FRANCISCO INTERNTIONAL AIRPORT INTERNATIONAL SERVICES MAJOR PASSENGER CARRIERS

ASIA EUROPE

Air France Lufthansa Air Icelandic United Airlines All Nippon Airways Korean Air BelAir Virgin Atlantic Airways Asiana Airlines Northwest Airlines British Airways Cathay Pacific Airways Philippine Airlines KLM Royal-Dutch Airlines China Airlines Singapore Airlines EVA Airways United Airlines

CANADA Air Canada SAN FRANCISCO INT'L AIRPORT United Airlines WestJet Airlines MEXICO, CARIBBEAN, C. AMERICA Alaska Airlines Mexicana Airlines SOUTH AMERICA AUSTRALIA/OCEANIA American Trans Air New Zealand Taca Int’l United Airlines United Airlines SAN FRANCISCO INTERNATIONAL AIRPORT ANALYSIS OF SCHEDULED TRAFFIC ENPLANED PASSENGERS January 2005 Monthly Comparison Fiscal Year-to-Date Comparison Jan 2005 Jan 2004 Difference % ChangeFY04/05 FY03/04 Difference % Change Mkt. Share DOMESTIC: LOW COST CARRIERS AirTran Airways, Inc. 3,717 2,874 84329.3% 42,291 8,34833,943 406.6% 0.4% 33,643 31,071 2,5728.3% 309,855 274,22935,626 13.0% 3.2% American Trans Air 21,839 32,279 -10,440-32.3% 255,984 268,668-12,684 -4.7% 2.7% Frontier Airlines 10,147 9,443 7047.5% 82,362 82,122240 0.3% 0.9% Horizon Air 3,549 3,394 1554.6% 29,889 31,854-1,965 -6.2% 0.3% United '' Domestic 'BF' 48,489 0 48,4890.0% 332,025 0332,025 0.0% 3.5% Subtotal: 121,384 79,061 42,323 53.5%1,052,406 665,221387,185 58.2% 11.0% DOMESTIC: OTHER CARRIERS Alaska-Domestic *** 32,130 27,077 5,05318.7% 248,466 227,34121,125 9.3% 2.6% American Airlines 102,723 82,899 19,82423.9% 861,589 746,030115,559 15.5% 9.0% American Eagle Airlines, Inc. 4,428 3,904 52413.4% 33,712 25,7227,990 31.1% 0.4% Comair, Inc. 1,140 0 1,1400.0% 8,522 08,522 0.0% 0.1% Continental Airlines 37,781 39,659 -1,878-4.7% 334,550 339,507-4,957 -1.5% 3.5% DB AIR Limited 0 0 00.0% 0 33-33 -100.0% 0.0% Delta Airlines 57,658 53,764 3,8947.2% 529,923 457,65972,264 15.8% 5.5% Hawaiian Airlines Inc. 6,854 6,709 1452.2% 51,386 49,9081,478 3.0% 0.5% 0 0 00.0% 6,556 06,556 0.0% 0.1% Miami Air 0000.0% 8120812 0.0% 0.0% Midwest Express Airlines 2,287 374 1,913511.5% 21,843 23,015-1,172 -5.1% 0.2% MN Airlines,LLC dba SunCountry 1,815 0 1,8150.0% 20,291 020,291 0.0% 0.2% Northwest-Domestic *** 38,575 29,713 8,86229.8% 309,449 293,13716,312 5.6% 3.2% OMNI 0 0 00.0% 0 162-162 -100.0% 0.0% Skywest/Delta Connection * 2,315 1,135 1,180104.0% 17,014 16,515499 3.0% 0.2% Skywest/United Express * 87,364 73,368 13,99619.1% 601,230 560,87940,351 7.2% 6.3% 0 356 -356-100.0% 0 6,264-6,264 -100.0% 0.0% United Domestic 'BE' 20,657 20,539 1180.6% 176,422 167,4648,958 5.3% 1.8% United Domestic 'BF' 307,717 354,157 -46,440-13.1% 2,710,107 2,887,655-177,548 -6.1% 28.3% United Domestic @IC/IG 3,362 0 3,3620.0% 23,743 023,743 0.0% 0.2% US Airways, Inc. (USAir) 30,498 27,187 3,31112.2% 290,516 247,88042,636 17.2% 3.0% Subtotal: 737,304 720,841 16,463 2.3%6,246,131 6,049,171196,960 3.3% 65.2% DOMESTIC TOTAL: 858,688 799,902 58,7867.3% 7,298,537 6,714,392584,145 8.7% 76.2% INTERNATIONAL TRAFFIC: Russian Int'l. Airlines 0 822 -822-100.0% 0 7,210-7,210 -100.0% 0.0% Air Canada 17,576 17,376 2001.2% 163,913 144,71619,197 13.3% 1.7% Air China (CAAC) 2,871 4,787 -1,916-40.0% 35,514 31,9563,558 11.1% 0.4% Air France 6,355 5,846 5098.7% 61,420 57,7463,674 6.4% 0.6% Air New Zealand 4,676 0 4,6760.0% 30,056 030,056 0.0% 0.3% Alaska Airlines *** 5,168 5,459 -291-5.3% 42,067 56,145-14,078 -25.1% 0.4% Alaska Int'l. Mexico 10,207 9,191 1,01611.1% 67,722 61,9855,737 9.3% 0.7% All Nippon Airways Co. LTD 5,623 5,552 711.3% 42,236 42,108128 0.3% 0.4% American Trans Air - IT 613 720 -107-14.9% 4,984 4,866118 2.4% 0.1% Asiana Airlines, Inc. 4,239 4,206 330.8% 31,439 29,9571,482 4.9% 0.3% BelAir Airlines LLC 0 0 00.0% 1,528 01,528 0.0% 0.0% British Airways 15,235 15,168 670.4% 124,375 120,7053,670 3.0% 1.3% Cathay Pacific Airways 10,175 10,905 -730-6.7% 70,046 73,550-3,504 -4.8% 0.7% China Airlines 11,023 10,899 1241.1% 69,049 72,645-3,596 -5.0% 0.7% EVA Airways Corporation 10,427 11,059 -632-5.7% 71,375 73,060-1,685 -2.3% 0.7% 0 0 00.0% 0 246-246 -100.0% 0.0% Japan Airlines(JAL) 8,766 8,689 770.9% 59,150 62,028-2,878 -4.6% 0.6% KLM Royal Dutch Airlines 6,129 5,239 89017.0% 49,907 46,4923,415 7.3% 0.5% Korean Air 5,065 4,755 3106.5% 39,564 36,1403,424 9.5% 0.4% Lufthansa German-PAX 13,376 13,059 3172.4% 119,822 112,1947,628 6.8% 1.3% Mexicana Airlines 7,320 5,303 2,01738.0% 53,440 38,70614,734 38.1% 0.6% Northwest Airlines *** 5,370 6,387 -1,017-15.9% 45,418 49,015-3,597 -7.3% 0.5% Philippine Airlines(PAL) 12,030 12,454 -424-3.4% 69,060 63,3405,720 9.0% 0.7% Singapore Airlines 16,504 17,033 -529-3.1% 111,142 107,6753,467 3.2% 1.2% Taca Intl Airlines 5,601 4,777 82417.2% 38,590 33,1915,399 16.3% 0.4% United Airlines *** 103,137 105,568 -2,431-2.3% 707,625 765,148-57,523 -7.5% 7.4% United International 'BE' 12,247 0 12,2470.0% 96,759 096,759 0.0% 1.0% Virgin Atlantic Airways 9,049 8,772 2773.2% 68,316 69,880-1,564 -2.2% 0.7% WestJet Airlines 882 0 8820.0% 3,538 03,538 0.0% 0.0% Subtotal: 309,664 294,026 15,638 5.3%2,278,055 2,160,704117,351 5.4% 23.8% INTERNATIONAL TOTAL: 309,664 294,026 15,6385.3% 2,278,055 2,160,704117,351 5.4% 23.8%

GRAND TOTAL: 1,168,352 1,093,928 74,4246.8% 9,576,592 8,875,096701,496 7.9% 100.0% *Commuter Airlines **Seasonal/Charter Airlines *** Provides international and domestic air passenger service at the Airport. SAN FRANCISCO INTERNATIONAL AIRPORT ANALYSIS OF SCHEDULED AIRLINE TRAFFIC DEPLANED PASSENGERS January 2005 Monthly Comparison Fiscal Year-to-Date Comparison Jan 2005 Jan 2004 Difference % ChangeFY04/05 FY03/04 Difference % Change Mkt. Share DOMESTIC: LOW COST CARRIERS AirTran Airways, Inc. 3,628 2,989 63921.4% 41,790 8,80632,984 374.6% 0.4% America West Airlines 38,042 33,604 4,43813.2% 311,373 270,65440,719 15.0% 3.2% American Trans Air 24,202 36,761 -12,559-34.2% 254,082 276,274-22,192 -8.0% 2.6% Frontier Airlines 11,111 10,225 8868.7% 85,237 85,409-172 -0.2% 0.9% Horizon Air 3,653 3,588 651.8% 29,435 34,267-4,832 -14.1% 0.3% United 'TED' Domestic 'BF' 52,921 0 52,9210.0% 335,153 0335,153 0.0% 3.4% Subtotal: 133,557 87,167 46,390 53.2%1,057,070 675,410381,660 56.5% 10.9% DOMESTIC: OTHER CARRIERS Alaska-Domestic *** 26,830 23,000 3,83016.7% 218,394 196,09722,297 11.4% 2.2% American Airlines 108,015 89,457 18,55820.7% 869,227 755,990113,237 15.0% 8.9% American Eagle Airlines, Inc. 4,607 4,231 3768.9% 34,956 26,6978,259 30.9% 0.4% Atlantic Southeast Airlines 16 0 160.0% 16 016 0.0% 0.0% Comair, Inc. 1,382 0 1,3820.0% 9,822 09,822 0.0% 0.1% Continental Airlines 40,422 41,015 -593-1.4% 337,716 338,405-689 -0.2% 3.5% DB AIR Limited 0 0 00.0% 0 66-66 -100.0% 0.0% Delta Airlines 61,961 55,271 6,69012.1% 532,188 463,89668,292 14.7% 5.5% Hawaiian Airlines Inc. 7,181 7,084 971.4% 50,944 50,314630 1.3% 0.5% Mesa Airlines 0 0 00.0% 5,471 05,471 0.0% 0.1% Miami Air 0 0 00.0% 804 0804 0.0% 0.0% Midwest Express Airlines 2,435 355 2,080585.9% 21,865 23,068-1,203 -5.2% 0.2% MN Airlines,LLC dba SunCountry 1,938 0 1,9380.0% 20,215 020,215 0.0% 0.2% Northwest-Domestic *** 39,678 30,212 9,46631.3% 312,663 279,37533,288 11.9% 3.2% OMNI 0 0 00.0% 0 219-219 -100.0% 0.0% Skywest/Delta Connection * 2,673 1,462 1,21182.8% 18,395 12,4725,923 47.5% 0.2% Skywest/United Express * 88,494 72,725 15,76921.7% 594,000 555,96638,034 6.8% 6.1% Sun Country Airlines 0 0 00.0% 0 6,190-6,190 -100.0% 0.0% United Domestic 'BE' 22,433 22,394 390.2% 188,191 179,5638,628 4.8% 1.9% United Domestic 'BF' 313,672 365,928 -52,256-14.3% 2,740,094 2,934,228-194,134 -6.6% 28.1% United Domestic @IC/IG 18,205 0 18,2050.0% 150,073 0150,073 0.0% 1.5% US Airways, Inc. (USAir) 30,149 26,673 3,47613.0% 281,671 242,56739,104 16.1% 2.9% World Airways-DOM 165 0 1650.0% 165 0165 0.0% 0.0% Subtotal: 770,256 739,807 30,449 4.1%6,386,870 6,065,113321,757 5.3% 65.6% DOMESTIC TOTAL: 903,813 826,974 76,8399.3% 7,443,940 6,740,523703,417 10.4% 76.5% INTERNATIONAL TRAFFIC: Aeroflot Russian Int'l. Airlines 0 916 -916-100.0% 0 8,870-8,870 -100.0% 0.0% Air Canada 18,325 18,305 200.1% 163,711 146,14817,563 12.0% 1.7% Air China (CAAC) 3,218 5,657 -2,439-43.1% 37,191 31,9755,216 16.3% 0.4% Air France 6,753 6,271 4827.7% 60,374 60,088286 0.5% 0.6% Air New Zealand 4,028 0 4,0280.0% 28,767 028,767 0.0% 0.3% Alaska Airlines *** 5,811 5,624 1873.3% 39,631 52,295-12,664 -24.2% 0.4% Alaska Int'l. Mexico 10,493 8,898 1,59517.9% 55,156 47,1448,012 17.0% 0.6% All Nippon Airways Co. LTD 6,340 6,485 -145-2.2% 43,470 41,9301,540 3.7% 0.4% American Trans Air - IT 672 739 -67-9.1% 5,110 4,748362 7.6% 0.1% Asiana Airlines, Inc. 4,475 4,885 -410-8.4% 31,664 30,4601,204 4.0% 0.3% BelAir Airlines LLC 0 0 00.0% 1,192 01,192 0.0% 0.0% British Airways15,953 15,887 660.4% 125,471 125,355116 0.1% 1.3% Cathay Pacific Airways11,158 11,046 1121.0% 74,467 67,6836,784 10.0% 0.8% China Airlines 10,529 11,650 -1,121-9.6% 68,997 66,8652,132 3.2% 0.7% EVA Airways Corporation 10,655 11,328 -673-5.9% 68,940 68,578362 0.5% 0.7% Icelandair 0 0 00.0% 0 246-246 -100.0% 0.0% Japan Airlines(JAL) 9,116 9,170 -54-0.6% 56,894 59,341-2,447 -4.1% 0.6% KLM Royal Dutch Airlines 6,037 5,807 2304.0% 51,344 49,3332,011 4.1% 0.5% Korean Air 6,703 6,693 100.1% 43,279 41,6241,655 4.0% 0.4% Lufthansa German-PAX 14,004 13,514 4903.6% 125,236 113,98111,255 9.9% 1.3% Mexicana Airlines 7,758 6,333 1,42522.5% 40,589 34,7545,835 16.8% 0.4% Northwest Airlines *** 6,627 7,639 -1,012-13.2% 44,966 49,448-4,482 -9.1% 0.5% Philippine Airlines(PAL) 13,352 13,073 2792.1% 73,956 58,27515,681 26.9% 0.8% Singapore Airlines 17,629 17,892 -263-1.5% 114,024 110,1963,828 3.5% 1.2% Taca Intl Airlines 6,508 5,415 1,09320.2% 37,045 32,3044,741 14.7% 0.4% United Airlines *** 110,886 109,361 1,5251.4% 727,055 773,406-46,351 -6.0% 7.5% United International 'BE' 13,093 0 13,0930.0% 100,392 0100,392 0.0% 1.0% Virgin Atlantic Airways8,936 8,700 2362.7% 67,709 69,709-2,000 -2.9% 0.7% WestJet Airlines 972 0 9720.0% 3,832 03,832 0.0% 0.0% World Airways, Inc. 0 0 00.0% 109 0109 0.0% 0.0% Subtotal: 330,031 311,288 18,743 6.0%2,290,571 2,144,756145,815 6.8% 23.5% INTERNATIONAL TOTAL: 330,031 311,288 18,7436.0% 2,290,571 2,144,756145,815 6.8% 23.5% GRAND TOTAL: 1,233,844 1,138,262 95,5828.4% 9,734,511 8,885,279849,232 9.6% 100.0% *Commuter Airlines **Seasonal/Charter Airlines *** Provides international and domestic air passenger service at the Airport. SAN FRANCISCO INTERNATIONAL AIRPORT ANALYSIS OF SCHEDULED AIRLINE TRAFFIC ENPLANED AND DEPLANED PASSENGERS January 2005 Monthly Comparison Fiscal Year-to-Date Comparison Jan 2005 Jan 2004 Difference % ChangeFY04/05 FY03/04 Difference % Change Mkt. Share DOMESTIC: LOW COST CARRIERS AirTran Airways, Inc. 7,345 5,863 1,48225.3% 84,081 17,15466,927 390.2% 0.4% America West Airlines 71,685 64,675 7,01010.8% 621,228 544,88376,345 14.0% 3.2% American Trans Air 46,041 69,040 -22,999-33.3% 510,066 544,942-34,876 -6.4% 2.6% Frontier Airlines 21,258 19,668 1,5908.1% 167,599 167,53168 0.0% 0.9% Horizon Air 7,202 6,982 2203.2% 59,324 66,121-6,797 -10.3% 0.3% United 'TED' Domestic 'BF' 101,410 0 101,4100.0% 667,178 0667,178 0.0% 3.5% Subtotal: 254,941 166,228 88,713 53.4%2,109,476 1,340,631768,845 57.3% 10.9% DOMESTIC: OTHER CARRIERS Alaska-Domestic *** 58,960 50,077 8,88317.7% 466,860 423,43843,422 10.3% 2.4% American Airlines 210,738 172,356 38,38222.3% 1,730,816 1,502,020228,796 15.2% 9.0% American Eagle Airlines, Inc. 9,035 8,135 90011.1% 68,668 52,41916,249 31.0% 0.4% Atlantic Southeast Airlines 16 0 160.0% 16 016 0.0% 0.0% Comair, Inc. 2,522 0 2,5220.0% 18,344 018,344 0.0% 0.1% Continental Airlines 78,203 80,674 -2,471-3.1% 672,266 677,912-5,646 -0.8% 3.5% DB AIR Limited 0 0 00.0% 0 99-99 -100.0% 0.0% Delta Airlines 119,619 109,035 10,5849.7% 1,062,111 921,555140,556 15.3% 5.5% Hawaiian Airlines Inc. 14,035 13,793 2421.8% 102,330 100,2222,108 2.1% 0.5% Mesa Airlines 0 0 00.0% 12,027 012,027 0.0% 0.1% Miami Air 0 0 00.0% 1,616 01,616 0.0% 0.0% Midwest Express Airlines 4,722 729 3,993547.7% 43,708 46,083-2,375 -5.2% 0.2% MN Airlines,LLC dba SunCountry 3,753 0 3,7530.0% 40,506 040,506 0.0% 0.2% Northwest-Domestic *** 78,253 59,925 18,32830.6% 622,112 572,51249,600 8.7% 3.2% OMNI 0 0 00.0% 0 381-381 -100.0% 0.0% Skywest/Delta Connection * 4,988 2,597 2,39192.1% 35,409 28,9876,422 22.2% 0.2% Skywest/United Express * 175,858 146,093 29,76520.4% 1,195,230 1,116,84578,385 7.0% 6.2% Sun Country Airlines 0 356 -356-100.0% 0 12,454-12,454 -100.0% 0.0% United Domestic 'BE' 43,090 42,933 1570.4% 364,613 347,02717,586 5.1% 1.9% United Domestic 'BF' 621,389 720,085 -98,696-13.7% 5,450,201 5,821,883-371,682 -6.4% 28.2% United Domestic @IC/IG 21,567 0 21,5670.0% 173,816 0173,816 0.0% 0.9% US Airways, Inc. (USAir) 60,647 53,860 6,78712.6% 572,187 490,44781,740 16.7% 3.0% World Airways-DOM 165 0 1650.0% 165 0165 0.0% 0.0% Subtotal: 1,507,560 1,460,648 46,9123.2% 12,633,001 12,114,284518,717 4.3% 65.4% DOMESTIC TOTAL: 1,762,501 1,626,876 135,6258.3% 14,742,477 13,454,9151,287,562 9.6% 76.3% INTERNATIONAL TRAFFIC: Aeroflot Russian Int'l. Airlines 0 1,738 -1,738-100.0% 0 16,080-16,080 -100.0% 0.0% Air Canada 35,901 35,681 2200.6% 327,624 290,86436,760 12.6% 1.7% Air China (CAAC) 6,089 10,444 -4,355-41.7% 72,705 63,9318,774 13.7% 0.4% Air France 13,108 12,117 9918.2% 121,794 117,8343,960 3.4% 0.6% Air New Zealand 8,704 0 8,7040.0% 58,823 058,823 0.0% 0.3% Alaska Airlines *** 10,979 11,083 -104-0.9% 81,698 108,440-26,742 -24.7% 0.4% Alaska Int'l. Mexico 20,700 18,089 2,61114.4% 122,878 109,12913,749 12.6% 0.6% All Nippon Airways Co. LTD 11,963 12,037 -74-0.6% 85,706 84,0381,668 2.0% 0.4% American Trans Air - IT 1,285 1,459 -174-11.9% 10,094 9,614480 5.0% 0.1% Asiana Airlines, Inc. 8,714 9,091 -377-4.1% 63,103 60,4172,686 4.4% 0.3% BelAir Airlines LLC 0 0 00.0% 2,720 02,720 0.0% 0.0% British Airways31,188 31,055 1330.4% 249,846 246,0603,786 1.5% 1.3% Cathay Pacific Airways21,333 21,951 -618-2.8% 144,513 141,2333,280 2.3% 0.7% China Airlines 21,552 22,549 -997-4.4% 138,046 139,510-1,464 -1.0% 0.7% EVA Airways Corporation 21,082 22,387 -1,305-5.8% 140,315 141,638-1,323 -0.9% 0.7% Icelandair 0 0 00.0% 0 492-492 -100.0% 0.0% Japan Airlines(JAL) 17,882 17,859 230.1% 116,044 121,369-5,325 -4.4% 0.6% KLM Royal Dutch Airlines 12,166 11,046 1,12010.1% 101,251 95,8255,426 5.7% 0.5% Korean Air 11,768 11,448 3202.8% 82,843 77,7645,079 6.5% 0.4% Lufthansa German-PAX 27,380 26,573 8073.0% 245,058 226,17518,883 8.3% 1.3% Mexicana Airlines 15,078 11,636 3,44229.6% 94,029 73,46020,569 28.0% 0.5% Northwest Airlines *** 11,997 14,026 -2,029-14.5% 90,384 98,463-8,079 -8.2% 0.5% Philippine Airlines(PAL) 25,382 25,527 -145-0.6% 143,016 121,61521,401 17.6% 0.7% Singapore Airlines 34,133 34,925 -792-2.3% 225,166 217,8717,295 3.3% 1.2% Taca Intl Airlines 12,109 10,192 1,91718.8% 75,635 65,49510,140 15.5% 0.4% United Airlines *** 214,023 214,929 -906-0.4% 1,434,680 1,538,554-103,874 -6.8% 7.4% United International 'BE' 25,340 0 25,3400.0% 197,151 0197,151 0.0% 1.0% Virgin Atlantic Airways17,985 17,472 5132.9% 136,025 139,589-3,564 -2.6% 0.7% WestJet Airlines 1,854 0 1,8540.0% 7,370 07,370 0.0% 0.0% World Airways, Inc. 0 0 00.0% 109 0109 0.0% 0.0% Subtotal: 639,695 605,314 34,381 5.7%4,568,626 4,305,460263,166 6.1% 23.7% INTERNATIONAL TOTAL: 639,695 605,314 34,3815.7% 4,568,626 4,305,460263,166 6.1% 23.7% GRAND TOTAL: 2,402,196 2,232,190 170,0067.6% 19,311,103 17,760,3751,550,728 8.7% 100.0% *Commuter Airlines **Seasonal/Charter Airlines *** Provides international and domestic air passenger service at the Airport. SAN FRANCISCO INTERNATIONAL AIRPORT TOTAL ENPLANED AND DEPLANED FISCAL YEAR 2005 vs 2004

2005 2004 Variance % JUL 3,188,142 2,865,126 11.3%

AUG 3,177,822 2,954,551 7.6%

SEP 2,669,006 2,345,623 13.8%

OCT 2,781,782 2,485,679 11.9%

NOV 2,485,118 2,353,788 5.6%

DEC 2,607,037 2,523,418 3.3%

JAN 2,402,196 2,232,190 7.6%

Total19,311,103 17,760,375 8.7%

Total Enplaned and Deplaned 2005 vs. 2004

4,000,000

3,750,000

3,500,000

3,250,000 3,000,000 2005 2,750,000 2004 2,500,000

2,250,000

2,000,000

1,750,000 1,500,000 JAN JUL AUG SEP OCT NOV DEC SAN FRANCISCO INTERNATIONAL AIRPORT DOMESTIC ENPLANED AND DEPLANED FISCAL YEAR 2004/05 vs 2003/04 2004/05 2003/04 Variance %

JUL 2,442,571 2,213,684 10.3%

AUG 2,435,801 2,246,745 8.4%

SEP 2,034,449 1,757,982 15.7%

OCT 2,158,564 1,902,548 13.5%

NOV 1,921,976 1,791,762 7.3%

DEC 1,986,615 1,915,318 3.7%

JAN 1,762,501 1,626,876 8.3%

Total 14,742,477 13,454,915 9.6%

Domestic Enplaned and Deplaned 04/05 vs. 03/04

3,800,000

3,550,000

3,300,000

3,050,000

2,800,000 2004/05 2,550,000 2003/04 2,300,000

2,050,000

1,800,000

1,550,000

1,300,000 JULAUGSEPOCTNOVDECJAN SAN FRANCISCO INTERNATIONAL AIRPORT DOMESTIC ENPLANED AND DEPLANED FISCAL YEAR 2004/05 vs 2003/04 2004/05 2003/04 Variance %

JUL 2,442,571 2,213,684 10.3%

AUG 2,435,801 2,246,745 8.4%

SEP 2,034,449 1,757,982 15.7%

OCT 2,158,564 1,902,548 13.5%

NOV 1,921,976 1,791,762 7.3%

DEC 1,986,615 1,915,318 3.7%

JAN 1,762,501 1,626,876 8.3%

Total 14,742,477 13,454,915 9.6%

Domestic Enplaned and Deplaned 04/05 vs. 03/04

3,800,000

3,550,000

3,300,000

3,050,000

2,800,000 2004/05 2,550,000 2003/04 2,300,000

2,050,000

1,800,000

1,550,000

1,300,000 JULAUGSEPOCTNOVDECJAN SAN FRANCISCO INTERNATIONAL AIRPORT ANALYSIS OF SCHEDULED AIRLINE TRAFFIC AIRCRAFT LANDED WEIGHT (LBS) January 2005

Monthly Comparison Fiscal Year -to - Date Jan 2005 Jan 2004 Difference % ChangeFY04/05 FY03/04 Difference % Change Mkt. Share DOMESTIC TRAFFIC: AirTran Airways, Inc.4,224,000 4,260,000 -36,000-0.8% 49,480,000 11,218,00038,262,000 341.1% 0.3% Alaska-Domestic ***49,892,400 45,775,800 4,116,6009.0% 334,085,700 327,711,9006,373,800 1.9% 2.1% America West Airlines54,361,000 56,327,000 -1,966,000-3.5% 433,768,300 364,522,30069,246,000 19.0% 2.7% American Airlines183,702,000 182,620,000 1,082,0000.6% 1,337,936,000 1,303,522,00034,414,000 2.6% 8.3% American Eagle Airlines, Inc.6,979,700 7,008,420 -28,720-0.4% 47,092,598 41,844,3905,248,208 12.5% 0.3% American Trans Air38,745,000 62,116,600 -23,371,600-37.6% 324,478,500 369,392,100-44,913,600 -12.2% 2.0% Atlantic Southeast Airlines67,000 0 67,0000.0% 67,000 067,000 0.0% 0.0% Comair, Inc.1,410,000 0 1,410,0000.0% 9,776,000 09,776,000 0.0% 0.1% Continental Airlines49,396,400 57,523,200 -8,126,800-14.1% 387,109,800 431,452,600-44,342,800 -10.3% 2.4% Delta Airlines97,343,000 111,844,000 -14,501,000-13.0% 763,955,000 766,835,000-2,880,000 -0.4% 4.7% Frontier Airlines15,851,000 14,248,000 1,603,00011.3% 106,982,500 94,250,50012,732,000 13.5% 0.7% Hawaiian Airlines Inc.9,920,000 9,920,000 00.0% 68,480,000 68,800,000-320,000 -0.5% 0.4% Horizon Air5,628,000 7,236,000 -1,608,000-22.2% 41,272,000 55,141,000-13,869,000 -25.2% 0.3% Mesa Airlines0 0 00.0% 8,107,000 08,107,000 0.0% 0.1% Miami Air0 0 00.0% 790,000 0790,000 0.0% 0.0% Midwest Express Airlines3,968,000 512,000 3,456,000675.0% 41,673,500 36,704,0004,969,500 13.5% 0.3% MN Airlines,LLC dba SunCountry3,799,900 0 3,799,9000.0% 31,429,300 031,429,300 0.0% 0.2% Northwest-Domestic ***55,439,400 49,522,400 5,917,00011.9% 385,486,200 372,943,40012,542,800 3.4% 2.4% Skywest/Delta Connection *2,867,000 1,739,000 1,128,00064.9% 19,693,000 18,941,000752,000 4.0% 0.1% Skywest/United Express *107,404,600 98,967,218 8,437,3828.5% 702,451,384 672,382,79630,068,588 4.5% 4.4% Sun Country Airlines0 285,000 -285,000-100.0% 0 6,189,000-6,189,000 -100.0% 0.0% United Domestic 'BF'623,167,780 723,200,786 -100,033,006-13.8% 5,067,008,815 5,139,505,679-72,496,864 -1.4% 31.5% US Airways, Inc. (USAir)43,796,200 41,560,700 2,235,5005.4% 353,520,000 309,077,30044,442,700 14.4% 2.2% World Airways-DOM458,000 0 458,0000.0% 458,000 0458,000 0.0% 0.0% Subtotal 1,358,420,380 1,474,666,124 -116,245,744-7.9% 10,515,100,597 10,390,432,965124,667,632 1.2% 65.3% INTERNATIONAL TRAFFIC: Aeroflot Russian Int'l. Airlines0 3,679,952 -3,679,952-100.0% 0 34,019,562-34,019,562 -100.0% 0.0% Air Canada25,560,600 31,100,591 -5,539,991-17.8% 218,515,020 215,568,2772,946,743 1.4% 1.4% Air China (CAAC)9,450,000 13,229,853 -3,779,853-28.6% 97,020,000 89,459,0067,560,994 8.5% 0.6% Air France12,906,500 12,963,049 -56,549-0.4% 107,214,893 106,737,106477,787 0.4% 0.7% Air New Zealand8,190,000 0 8,190,0000.0% 58,590,000 058,590,000 0.0% 0.4% Alaska Airlines ***11,527,600 10,873,400 654,2006.0% 79,123,100 85,466,400-6,343,300 -7.4% 0.5% Alaska Int'l. Mexico16,218,500 15,750,600 467,9003.0% 92,683,600 92,375,900307,700 0.3% 0.6% All Nippon Airways Co. LTD14,260,000 14,260,000 00.0% 98,900,000 98,900,0000 0.0% 0.6% American Trans Air - IT731,500 990,000 -258,500-26.1% 5,663,900 6,138,000-474,100 -7.7% 0.0% Asiana Airlines, Inc.11,150,000 19,602,000 -8,452,000-43.1% 99,204,000 133,170,000-33,966,000 -25.5% 0.6% BelAir Airlines LLC0 0 00.0% 2,880,000 02,880,000 0.0% 0.0% British Airways39,060,000 37,800,000 1,260,0003.3% 269,010,000 263,340,0005,670,000 2.2% 1.7% Cathay Pacific Airways19,530,000 19,530,000 00.0% 135,450,000 133,621,0001,829,000 1.4% 0.8% China Airlines18,290,000 19,530,000 -1,240,000-6.3% 126,930,000 135,450,000-8,520,000 -6.3% 0.8% EVA Airways Corporation31,805,000 29,702,091 2,102,9097.1% 227,398,625 209,630,54017,768,085 8.5% 1.4% Japan Airlines(JAL)41,580,000 39,690,000 1,890,0004.8% 303,660,000 303,660,0000 0.0% 1.9% KLM Royal Dutch Airlines12,000,874 10,120,874 1,880,00018.6% 87,035,630 82,287,1064,748,524 5.8% 0.5% Korean Air25,129,000 26,757,500 -1,628,500-6.1% 194,421,500 200,290,000-5,868,500 -2.9% 1.2% Lufthansa German-PAX24,860,780 25,795,257 -934,477-3.6% 220,436,322 202,912,78017,523,542 8.6% 1.4% Mexicana Airlines10,653,200 7,382,600 3,270,60044.3% 67,374,300 52,104,35515,269,945 29.3% 0.4% Northwest Airlines ***12,437,200 12,741,000 -303,800-2.4% 86,807,400 89,617,000-2,809,600 -3.1% 0.5% Philippine Airlines(PAL)21,624,400 20,737,644 886,7564.3% 134,115,762 112,312,48121,803,281 19.4% 0.8% Singapore Airlines33,760,054 33,760,054 00.0% 234,142,310 231,622,3102,520,000 1.1% 1.5% Taca Intl Airlines7,110,000 5,972,400 1,137,60019.0% 49,343,400 40,100,4009,243,000 23.0% 0.3% United Airlines ***230,770,600 202,064,138 28,706,46214.2% 1,551,195,494 1,371,400,372179,795,122 13.1% 9.6% Virgin Atlantic Airways19,530,000 18,430,000 1,100,0006.0% 134,820,000 130,890,0003,930,000 3.0% 0.8% WestJet Airlines1,938,000 0 1,938,0000.0% 5,261,830 05,261,830 0.0% 0.0% World Airways, Inc.0 0 00.0% 458,000 892,500-434,500 -48.7% 0.0% Subtotal 660,073,808 632,463,003 27,610,8054.4% 4,687,655,086 4,421,965,095265,689,991 6.0% 29.1% Monthly Comparison Fiscal Year -to - Date Jan 2005 Jan 2004 Difference % ChangeFY04/05 FY03/04 Difference % Change Mkt. Share DOMESTIC CARGO: ABX Air, Inc.4,889,000 0 4,889,0000.0% 27,867,000 027,867,000 0.0% 0.2% Active Aero Charter0 0 00.0% 0 1,231,500-1,231,500 -100.0% 0.0% Ameriflight, Inc.396,000 392,500 3,5000.9% 2,497,700 2,997,000-499,300 -16.7% 0.0% Astar Air Cargo, Inc.12,218,580 11,987,700 230,8801.9% 87,952,800 32,461,84055,490,960 170.9% 0.5% DB AIR Limited0 0 00.0% 0 328,000-328,000 -100.0% 0.0% DHL Express0 0 00.0% 0 51,424,980-51,424,980 -100.0% 0.0% Evergreen for DHL0 3,614,100 -3,614,100-100.0% 5,370,400 26,072,600-20,702,200 -79.4% 0.0% Express,Net Airlines0 0 00.0% 0 295,410-295,410 -100.0% 0.0% Gemini Air Cargo, Inc.0 1,968,000 -1,968,000-100.0% 20,446,000 26,989,000-6,543,000 -24.2% 0.1% Kalitta Air, LLC8,190,000 0 8,190,0000.0% 22,680,000 630,00022,050,000 3500.0% 0.1% Kitty Hawk Aircargo Inc.3,262,500 3,069,500 193,0006.3% 30,844,000 25,975,5004,868,500 18.7% 0.2% Northwest Cargo Dom0 0 00.0% 1,260,000 01,260,000 0.0% 0.0% OMNI0 0 00.0% 0 198,000-198,000 -100.0% 0.0% Southern Air Inc.3,150,000 0 3,150,0000.0% 13,860,000 013,860,000 0.0% 0.1% TradeWinds Airlines, Inc.5,670,000 0 5,670,0000.0% 20,160,000 020,160,000 0.0% 0.1% Subtotal 37,776,080 21,031,800 16,744,28079.6% 232,937,900 168,603,83064,334,070 38.2% 1.4% INTERNATIONAL CARGO: Atlas Air0 0 00.0% 0 1,962,000-1,962,000 -100.0% 0.0% Cargo Lux Airlines4,662,000 5,328,000 -666,000-12.5% 38,628,000 39,294,000-666,000 -1.7% 0.2% Cathay Pacific Cargo7,326,000 7,326,000 00.0% 65,268,000 53,946,00011,322,000 21.0% 0.4% China Airlines Ltd.-Cargo Only17,982,000 12,996,000 4,986,00038.4% 121,554,000 95,544,00026,010,000 27.2% 0.8% China Cargo Airlines8,015,500 7,072,425 943,07513.3% 55,637,000 46,373,0559,263,945 20.0% 0.3% Federal Express Corp.25,545,500 30,519,000 -4,973,500-16.3% 188,704,000 217,075,000-28,371,000 -13.1% 1.2% Icelandair0 0 00.0% 0 267,600-267,600 -100.0% 0.0% Lufthansa Cargo0 0 00.0% 0 630,075-630,075 -100.0% 0.0% Nippon Cargo Airlines26,460,000 26,460,000 00.0% 204,750,000 207,800,000-3,050,000 -1.5% 1.3% Northwest Cargo Int'l.0 0 00.0% 0 8,820,000-8,820,000 -100.0% 0.0% Subtotal 89,991,000 89,701,425 289,5750.3% 674,541,000 671,711,7302,829,270 0.4% 4.2%

Grand Total 2,146,261,268 2,217,862,352 -71,601,084-3.2% 16,110,234,583 15,652,713,620457,520,963 2.9% 100% *Commuter Airlines **Seasonal/Charter Airlines *** Provides international and domestic air passenger service at the Airport. SAN FRANCISCO INTERNATIONAL AIRPORT ANALYSIS OF SCHEDULED AIRLINE TRAFFIC AIRCRAFT LANDINGS January 2005

Monthly Comparison Fiscal Year -to - Date Jan 2005 Jan 2004 Difference% ChangeFY04/05 FY03/04 Difference % Change Mkt. Share DOMESTIC TRAFFIC: AirTran Airways, Inc. 33 30 310.0% 372 79293 370.9% 0.4% Alaska-Domestic *** 390 362 287.7% 2,662 2,62042 1.6% 2.9% America West Airlines 398 416 -18-4.3% 3,205 2,653552 20.8% 3.5% American Airlines 1,008 965 434.5% 7,359 6,917442 6.4% 8.1% American Eagle Airlines, Inc. 169 170 -1-0.6% 1,142 1,015127 12.5% 1.3% American Trans Air 216 317 -101-31.9% 1,734 1,866-132 -7.1% 1.9% Atlantic Southeast Airlines 1 0 10.0% 1 01 0.0% 0.0% Comair, Inc. 30 0 300.0% 208 0208 0.0% 0.2% Continental Airlines 345 399 -54-13.5% 2,614 2,811-197 -7.0% 2.9% Delta Airlines 532 589 -57-9.7% 4,133 3,849284 7.4% 4.5% Frontier Airlines 119 117 21.7% 862 80458 7.2% 0.9% Hawaiian Airlines Inc. 31 31 00.0% 214 215-1 -0.5% 0.2% Horizon Air 84 108 -24-22.2% 616 823-207 -25.2% 0.7% Mesa Airlines 0 0 00.0% 121 0121 0.0% 0.1% Miami Air 0 0 00.0% 5 05 0.0% 0.0% Midwest Express Airlines 31 4 27675.0% 318 28533 11.6% 0.3% MN Airlines,LLC dba SunCountry 26 0 260.0% 215 0215 0.0% 0.2% Northwest-Domestic *** 307 281 269.3% 2,116 2,07739 1.9% 2.3% Skywest/Delta Connection * 61 37 2464.9% 419 40316 4.0% 0.5% Skywest/United Express * 2,803 2,736 672.4% 19,345 18,778567 3.0% 21.2% Sun Country Airlines 0 2 -2-100.0% 0 43-43 -100.0% 0.0% United Domestic 'BF' 3,383 3,922 -539-13.7% 26,738 27,398-660 -2.4% 29.3% US Airways, Inc. (USAir) 284 265 197.2% 2,202 1,926276 14.3% 2.4% World Airways-DOM 1 0 10.0% 1 01 0.0% 0.0% Subtotal 10,252 10,751 -499-4.6% 76,602 74,5622,040 2.7% 83.9% INTERNATIONAL TRAFFIC: Aeroflot Russian Int'l. Airlines 0 8 -8-100.0% 0 75-75 -100.0% 0.0% Air Canada 183 224 -41-18.3% 1,557 1,53324 1.6% 1.7% Air China (CAAC) 15 21 -6-28.6% 154 14212 8.5% 0.2% Air France 31 31 00.0% 215 2150 0.0% 0.2% Air New Zealand 13 0 130.0% 93 093 0.0% 0.1% Alaska Airlines *** 91 86 55.8% 636 694-58 -8.4% 0.7% Alaska Int'l. Mexico 123 122 10.8% 733 737-4 -0.5% 0.8% All Nippon Airways Co. LTD 31 31 00.0% 215 2150 0.0% 0.2% American Trans Air - IT 5 5 00.0% 32 311 3.2% 0.0% Asiana Airlines, Inc. 22 35 -13-37.1% 187 238-51 -21.4% 0.2% BelAir Airlines LLC 0 0 00.0% 9 09 0.0% 0.0% British Airways 62 60 23.3% 427 4189 2.2% 0.5% Cathay Pacific Airways 31 31 00.0% 215 2150 0.0% 0.2% China Airlines 31 31 00.0% 215 2150 0.0% 0.2% EVA Airways Corporation 53 48 510.4% 381 34239 11.4% 0.4% Japan Airlines(JAL) 66 63 34.8% 482 4820 0.0% 0.5% KLM Royal Dutch Airlines 27 23 417.4% 195 1878 4.3% 0.2% Korean Air 47 52 -5-9.6% 368 387-19 -4.9% 0.4% Lufthansa German-PAX 44 46 -2-4.3% 375 376-1 -0.3% 0.4% Mexicana Airlines 76 53 2343.4% 480 368112 30.4% 0.5% Northwest Airlines *** 31 31 00.0% 214 217-3 -1.4% 0.2% Philippine Airlines(PAL) 36 37 -1-2.7% 235 22510 4.4% 0.3% Singapore Airlines 62 62 00.0% 430 4264 0.9% 0.5% Taca Intl Airlines 50 42 819.0% 347 28265 23.0% 0.4% United Airlines *** 593 496 9719.6% 3,757 3,425332 9.7% 4.1% Virgin Atlantic Airways 31 31 00.0% 214 2131 0.5% 0.2% WestJet Airlines 15 0 150.0% 41 041 0.0% 0.0% World Airways, Inc. 0 0 00.0% 1 2-1 -50.0% 0.0% Subtotal 1,769 1,669 1006.0% 12,208 11,660548 4.7% 13.4% Monthly Comparison Fiscal Year -to - Date Jan 2005 Jan 2004 Difference% ChangeFY04/05 FY03/04 Difference % Change Mkt. Share DOMESTIC CARGO: ABX Air, Inc. 42 0 420.0% 239 0239 0.0% 0.3% Active Aero Charter 0 0 00.0% 0 3-3 -100.0% 0.0% Ameriflight, Inc. 27 28 -1-3.6% 176 204-28 -13.7% 0.2% Astar Air Cargo, Inc. 60 63 -3-4.8% 444 175269 153.7% 0.5% DB AIR Limited 0 0 00.0% 0 2-2 -100.0% 0.0% DHL Express 0 0 00.0% 0 264-264 -100.0% 0.0% Evergreen for DHL 0 42 -42-100.0% 63 299-236 -78.9% 0.1% Express,Net Airlines 0 0 00.0% 0 1-1 -100.0% 0.0% Gemini Air Cargo, Inc. 0 4 -4-100.0% 43 55-12 -21.8% 0.0% Kalitta Air, LLC 13 0 130.0% 36 135 0.0% 0.0% Kitty Hawk Aircargo Inc. 20 19 15.3% 192 16032 20.0% 0.2% Northwest Cargo Dom 0 0 00.0% 2 02 0.0% 0.0% OMNI 0 0 00.0% 0 1-1 -100.0% 0.0% Southern Air Inc. 5 0 50.0% 22 022 0.0% 0.0% TradeWinds Airlines, Inc. 9 0 90.0% 32 032 0.0% 0.0% Subtotal 176 156 2012.8% 1,249 1,16584 7.2% 1.4% INTERNATIONAL CARGO: 0 0 00.0% 0 3-3 -100.0% 0.0% Cargo Lux Airlines 7 8 -1-12.5% 58 59-1 -1.7% 0.1% Cathay Pacific Cargo 11 11 00.0% 98 8117 21.0% 0.1% China Airlines Ltd.-Cargo Only 27 20 735.0% 183 14835 23.6% 0.2% 17 15 213.3% 118 9622 22.9% 0.1% Federal Express Corp. 63 74 -11-14.9% 459 519-60 -11.6% 0.5% Icelandair 0 0 00.0% 0 1-1 -100.0% 0.0% 0 0 00.0% 0 1-1 -100.0% 0.0% Nippon Cargo Airlines 42 42 00.0% 325 330-5 -1.5% 0.4% Northwest Cargo Int'l. 0 0 00.0% 0 14-14 -100.0% 0.0% Subtotal 167 170 -3-1.8% 1,241 1,252-11 -0.9% 1.4%

Grand Total 12,364 12,746 -382-3.0% 91,300 88,6392,661 3.0% 100.0% *Commuter Airlines **Seasonal/Charter Airlines *** Provides international and domestic air passenger service at the Airport. SAN FRANCISCO INTERNATIONAL AIRPORT ANALYSIS OF SCHEDULED AIRLINE TRAFFIC CARGO TONNAGE (ENPLANED & DEPLANED MAIL AND FREIGHT IN METRIC TONS) January 2005 Monthly Comparison Fiscal Year -to - Date Jan 2005 Jan 2004 Difference% ChangeFY04/05 FY03/04 Difference % Change Mkt. Share DOMESTIC TRAFFIC: ABX Air, Inc. 82 0 820.0% 495 0495 0.0% 0.1% Active Aero Charter 0 0 00.0% 0 252-252 -100.0% 0.0% Alaska-Domestic *** 148 221 -74-33.3% 1,337 1,26672 5.7% 0.4% America West Airlines 255 228 2712.0% 1,836 1,259577 45.8% 0.5% American Airlines 2,500 2,394 1064.4% 17,709 18,973-1,264 -6.7% 5.2% American Eagle Airlines, Inc. 0 0 00.0% 0 00 0.0% 0.0% American Trans Air 314 266 4717.8% 2,163 2,445-282 -11.5% 0.6% Ameriflight, Inc. 29 33 -5-13.6% 218 252-34 -13.4% 0.1% Astar Air Cargo, Inc. 1,406 1,275 13110.3% 10,401 2,5407,860 309.4% 3.1% Comair, Inc. 0000.0% 202 0.0% 0.0% Continental Airlines 703 633 6910.9% 4,413 4,767-354 -7.4% 1.3% Delta Airlines 2,040 2,118 -78-3.7% 14,567 14,238330 2.3% 4.3% DHL Express 0 0 00.0% 0 6,132-6,132 -100.0% 0.0% Evergreen for DHL 0 515 -515-100.0% 858 1,138-280 -24.6% 0.3% Express,Net Airlines 0 0 00.0% 0 34-34 -100.0% 0.0% Federal Express Corp. 8,236 6,345 1,89129.8% 49,657 39,10610,552 27.0% 14.6% Frontier Airlines 55 106 -51-48.4% 416 829-413 -49.8% 0.1% Gemini Air Cargo 0 381 -381-100.0% 3,738 4,973-1,235 -24.8% 1.1% Hawaiian Airlines Inc. 183 270 -87-32.2% 1,557 2,002-445 -22.2% 0.5% Horizon Air 14 11 333.0% 109 9020 22.1% 0.0% Kalitta Air, LLC 1,255 0 1,2550.0% 2,652 502,602 5189.9% 0.8% Kitty Hawk Aircargo Inc. 508 520 -12-2.3% 4,854 4,121734 17.8% 1.4% Midwest Express Airlines 40 0 4010073.5% 235 113122 107.6% 0.1% MN Airlines,LLC dba SunCountry 4 0 40.0% 13 013 0.0% 0.0% Northwest Cargo Dom 0 0 00.0% 773 0773 0.0% 0.2% Northwest-Domestic *** 171 209 -39-18.4% 569 2,464-1,895 -76.9% 0.2% Skywest/Delta Connection * 0 0 0359.2% 1 6-5 -80.7% 0.0% Southern Air Inc. 325 0 3250.0% 1,103 01,103 0.0% 0.3% TradeWinds Airlines, Inc. 1,161 0 1,1610.0% 1,984 01,984 0.0% 0.6% United Domestic 'BF' 5,077 4,623 4559.8% 37,091 37,01774 0.2% 10.9% US Airways, Inc. (USAir) 225 221 41.9% 1,489 1,527-38 -2.5% 0.4% Subtotal 24,731 20,369 4,36321.4% 160,243 145,59414,649 10.1% 47.3% Monthly Comparison Fiscal Year -to - Date Jan 2005 Jan 2004 Difference% ChangeFY04/05 FY03/04 Difference % Change Mkt. Share INTERNATIONAL TRAFFIC: Aeroflot Russian Int'l. Airlines 0 59 -59-100.0% 0 258-258 -100.0% 0.0% Air Canada 0 131 -131-100.0% 1,136 1,002134 13.4% 0.3% Air China (CAAC) 480 532 -51-9.7% 4,820 4,406414 9.4% 1.4% Air France 505 334 17151.2% 3,643 3,241402 12.4% 1.1% Air New Zealand 144 0 1440.0% 1,552 01,552 0.0% 0.5% Alaska Airlines *** 29 33 -4-13.3% 311 328-17 -5.1% 0.1% Alaska Int'l. Mexico 62 62 00.5% 346 372-25 -6.8% 0.1% All Nippon Airways Co. LTD 552 612 -60-9.8% 4,562 4,445117 2.6% 1.3% Asiana Airlines, Inc. 1,750 1,065 68564.3% 8,063 9,345-1,282 -13.7% 2.4% Atlas Air 0 0 00.0% 0 166-166 -100.0% 0.0% British Airways 888 815 739.0% 7,516 6,5021,014 15.6% 2.2% Cargo Lux Airlines 587 581 61.1% 4,913 4,976-63 -1.3% 1.4% Cathay Pacific Airways 196 203 -6-3.2% 1,768 2,046-278 -13.6% 0.5% Cathay Pacific Cargo 567 488 8016.3% 4,902 3,3911,511 44.6% 1.4% China Airlines 1,905 1,592 31319.7% 14,992 11,5683,424 29.6% 4.4% China Cargo Airlines 483 198 285143.6% 3,155 1,4331,722 120.1% 0.9% EVA Airways Corporation 1,560 263 1,297492.8% 11,784 10,6651,119 10.5% 3.5% Evergreen for DHL 0 0 00.0% 0 2,946-2,946 -100.0% 0.0% Federal Express Corp. 0 1,084 -1,084-100.0% 5,122 9,248-4,126 -44.6% 1.5% Japan Airlines(JAL) 1,594 1,796 -203-11.3% 15,515 14,711804 5.5% 4.6% KLM Royal Dutch Airlines 0 489 -489-100.0% 0 3,889-3,889 -100.0% 0.0% Korean Air 1,261 1,841 -580-31.5% 11,224 14,914-3,690 -24.7% 3.3% Lufthansa Cargo 0 0 00.0% 0 66-66 -100.0% 0.0% Lufthansa German-PAX 576 637 -61-9.6% 5,015 4,898117 2.4% 1.5% Nippon Cargo Airlines 1,193 1,312 -119-9.0% 12,271 11,2491,022 9.1% 3.6% Northwest Airlines *** 455 529 -74-14.0% 1,654 1,807-153 -8.4% 0.5% Northwest Cargo Int'l. 0 0 00.0% 2,471 3,662-1,191 -32.5% 0.7% Philippine Airlines(PAL) 2,234 288 1,945675.2% 4,016 2,4701,546 62.6% 1.2% Singapore Airlines 585 481 10421.6% 4,499 4,522-23 -0.5% 1.3% Southern Air Inc. 0 0 00.0% 295 0295 0.0% 0.1% Taca Intl Airlines 3 3 03.7% 64 5113 25.1% 0.0% United Airlines *** 4,728 3,575 1,15332.2% 39,452 32,6116,841 21.0% 11.6% United International 'BE' 28 0 280.0% 215 0215 0.0% 0.1% Virgin Atlantic Airways 423 507 -85-16.7% 3,585 3,814-229 -6.0% 1.1% World Airways, Inc. 0 0 00.0% 0 154-154 -100.0% 0.0% Subtotal 22,788 19,511 3,27716.8% 178,864 175,1563,708 2.1% 52.7%

Grand Total 47,519 39,879 7,64019.2% 339,107 320,75018,357 5.7% 100.0% *Commuter Airlines **Seasonal/Charter Airlines *** Provides international and domestic air passenger service at the Airport. SAN FRANCISCO INTERNATIONAL AIRPORT CARGO VOLUME (including mail - metric tons) FISCAL YEAR 2004/05 vs 2003/04 2004/05 2003/04 Variance %

JUL 45,794 43,409 5.5%

AUG 46,651 50,926 -8.4%

SEP 48,745 43,799 11.3%

OCT 52,037 50,610 2.8%

NOV 48,364 45,673 5.9%

DEC 49,996 46,453 7.6%

JAN 47,519 39,879 19.2%

Total 339,107 320,750 5.7%

Cargo Volume (metric tons) 04/05 vs. 03/04 (including mail)

85,000

80,000

75,000

70,000

65,000 2004/05 60,000 2003/04 55,000

50,000

45,000

40,000

35,000 JUL AUG SEP OCT NOV DEC JAN