TED STEVENS ANCHORAGE INTERNATIONAL AIRPORT Anchorage, Alaska PFC Quarterly Report - Receipts Collected For the Quarter Ended March 31, 2011 (Application No. 1 )

Application #99-01-C-00-ANC & 99-01-C-01-ANC $22,000,000.00 0.00 Total Collection Authority $22,000,000.00

PFC Revenue Received Air Carriers Current Quarter Previous Quarters Cumulative Aces Airlines $ 32.12 $ 32.12 Aer Lingus 317.44 317.44 Aerovias De Mexico 122.58 122.58 Aero Mexico 98.53 98.53 Air Canada 136,476.21 136,476.21 Air France 1,764.99 1,764.99 Air New Zealand 2,094.33 2,094.33 Air Pacific 8.67 8.67 Airlines Services Corporation 37.96 37.96 Air Wisconsin Airlines 46.54 46.54 Alaska Airlines 11,024,874.06 11,024,874.06 Alitalia Airlines 1,051.51 1,051.51 All Nippon Airways Co 1,905.64 1,905.64 Aloha Airlines 7,152.82 7,152.82 America Central Corp 23.36 23.36 America West Airlines 228,474.04 228,474.04 American Airlines 509,508.22 509,508.22 American Trans Air 6,513.14 6,513.14 Asiana Airlines 2,125.95 2,125.95 Atlantic Coast Airline 96.36 96.36 Avianca 8.76 8.76 Big Sky Airlines 87.36 87.36 British Airways 12,272.36 12,272.36 Canada 3000 10,999.72 10,999.72 Cathay Pacific Airways 271.27 271.27 China Airlines 78,473.09 78,473.09 Condor Flugdienst, GMBH 63,889.95 63,889.95 Continental Airlines 1,380,859.31 1,380,859.31 Czech Airlines 348.36 348.36 Delta Airlines 1,673,182.33 1,673,182.33 Elal Israel Airlines 110.74 110.74 Emirates 14.57 14.57 Era Aviation, Inc. 64,420.13 64,420.13 Eva Airways Corp 1,329.02 1,329.02 F.S. Air Service 22,884.04 22,884.04 Finnair 90.52 90.52 First Air 43.80 43.80 Frontier Airlines, Inc. 118,360.04 118,360.04 Frontier Flying Service 0.00 0.00 Great Lakes Aviation, Ltd. 519.46 519.46 Hawaiin Airlines 449,164.47 449,164.47 Iberia Airlines of Spain 209.76 209.76 Island Air Service 6.00 6.00 Japan Airlines International Co 19,602.21 19,602.21 KLM Royal Dutch Airlines 435.27 435.27 Korean Air Lines 142,556.86 142,556.86 Kuwait Airways 5.84 5.84 Lan Chile Airlines 474.10 474.10 Lan Peru S.A. 37.93 37.93 Lineas Aereas Costarricenses S.A. 40.85 40.85 LOT Polish Airlines 101.81 101.81 Lufthansa German Airlines 24,383.40 24,383.40 Malaysia Airlines 326.74 326.74 Malev Hungarian Airlines 5.84 5.84

Page 1 of 6 Mavial Airlines 23,360.68 23,360.68 Mesa Airlines 66.71 66.71 Mexicana Airlines 1,098.77 1,098.77 Miami Air International 2,096.56 2,096.56 Midway Airlines & Affiliates 11.68 11.68 Midwest Airlines 155.78 155.78 Midwest Express 373.76 373.76 MLT Inc. 20,831.28 20,831.28 MN Airlines, LLC 55,939.35 55,939.35 National Airlines 26.28 26.28 Nippon Cargo Airlines 25.00 25.00 North American Airlines 50,481.88 50,481.88 Northwest Airlines, Inc. 2,531,687.70 2,531,687.70 Omni Air International 8,759.59 8,759.59 Peninsula Airways 28,977.17 28,977.17 Polish Airlines 43.35 43.35 Qantas Airways Ltd 3,717.25 3,717.25 Reeve Aleutian Airways 9,376.12 9,376.12 Sabena Belgian Airlines 2.92 2.92 Scandinavian Airlines 5,605.36 5,605.36 Sierra Pacific 782.56 782.56 Singapore Airlines 555.35 555.35 Singapore Airlines cargo PTE Ltd 0.00 0.00 SN Brussels Airlines 8.67 8.67 South African Airways 215.96 215.96 Swiss Air 358.71 358.71 Taca Internation Airlines 209.43 209.43 Transportes Aereos Meridionais Tam Airlines 17.46 17.46 Tap Air Portugal 35.04 35.04 Turkish Airlines, Inc 72.73 72.73 Trans World Airlines 91,600.32 91,600.32 TWA Airlines, LLC 41,811.32 41,811.32 United Airlines 1,268,607.63 1,268,607.63 US Airways 34,150.39 34,150.39 Varig Airlines 212.17 212.17 Virgin Atlantic 96.12 96.12 Total PFC Revenue Received $ - From Air Carriers $ 20,169,611.43 $ 20,169,611.43

Interest Earned 1,375.10 2,022,431.12 2,023,806.22

Total PFC Revenue $ 1,375.10 $ 22,192,042.55 $ 22,193,417.65

Page 2 of 6 TED STEVENS ANCHORAGE INTERNATIONAL AIRPORT Anchorage, Alaska PFC Quarterly Report - Receipts Collected For the Quarter Ended March 31, 2011 (Application No. 2)

Application #05-02-C-00-ANC $14,000,000.00 Application #05-02-C-01-ANC 11,000,000.00 Total Collection Authority $25,000,000.00

PFC Revenue Received Air Carriers Current Quarter Previous Quarters Cumulative Aer Lingus $ - $ 124.27 $ 124.27 Aerolane Lineas Aereas Nacionale 5.78 20.23 26.01 Aero Mexico 17.34 413.27 430.61 Aerovias De Mexico 0.00 14.45 14.45 Air Canada 5,661.51 152,591.67 158,253.18 Air France 278.13 6,291.53 6,569.66 Air New Zealand 89.59 1,925.84 2,015.43 Air Pacific 8.67 161.84 170.51 Alaska Airlines 650,569.92 12,464,490.49 13,115,060.41 Alitalia Airlines 5.78 187.85 193.63 All Nippon Airways Co 5.78 239.32 245.10 Aloha Airlines 0.00 86.37 86.37 America West Airlines 0.00 180,410.15 180,410.15 American Airlines 19,673.93 504,842.73 524,516.66 American Trans Air 0.00 459.07 459.07 Asiana Airlines 1,179.81 9,256.41 10,436.22 Austrian Airlines 14.45 1,350.94 1,365.39 Aviacion Commercial Del America 0.00 5.78 5.78 Avianca 5.78 243.98 249.76 Big Sky Airlines 0.00 20.23 20.23 British Airways 294.34 7,811.94 8,106.28 Brussels 5.78 8.67 14.45 CAPE AIR 0.00 8.67 8.67 Cape Smythe Air Service, Inc 0.00 8.67 8.67 Cathay Pacific Airways 63.58 1,276.94 1,340.52 Champion Air 0.00 274.55 274.55 China Airlines 6,226.29 140,160.34 146,386.63 Condor Flugdienst, GMBH 13,679.56 110,788.12 124,467.68 Continental Airlines 30,535.38 1,393,279.13 1,423,814.51 Czech Airlines 0.00 156.06 156.06 Delta Airlines 83,607.18 1,617,665.39 1,701,272.57 Elal Israel Airlines 0.00 170.51 170.51 Emirates 0.00 288.78 288.78 Era Aviation Center, Inc. 2,939.13 23,316.52 26,255.65 Etihad Airways 0.00 2.89 2.89 Eva Airways Corp 127.16 1,944.97 2,072.13 Finnair 0.00 83.81 83.81 Frontier Airlines, Inc. 11,329.19 240,816.82 252,146.01 Frontier Flying Service 0.00 3,184.84 3,184.84 Great Lakes Aviation, Ltd. 0.00 271.66 271.66 Great Western Financial 0.00 8.67 8.67 Hawaiian Airlines 306.92 131,070.36 131,377.28 Iberia Airlines of Spain 5.78 106.93 112.71 Island Air Service 0.00 14.12 14.12 Japan Airlines International Co 20.23 47,675.02 47,695.25 Jet Airways 0.00 5.78 5.78 Jet Aviation 0.00 8.67 8.67 Jet Blue Airways 986.07 2,577.44 3,563.51 KLM Royal Dutch Airlines 169.52 1,475.42 1,644.94 Korean Air Lines 1,269.30 23,413.43 24,682.73 Kuwait Airlines 0.00 14.45 14.45 Lan Chile Airlines 5.78 186.40 192.18 Lan Peru S.A. 43.35 210.96 254.31 Lineas Aereas Costarricenses S.A. 2.89 26.01 28.90 LOT Polish Airlines 0.00 100.71 100.71 Lufthansa German Airlines 456.07 16,655.33 17,111.40 Malaysia Airlines 0.00 78.03 78.03 Mesa Airlines 0.00 52.02 52.02 Mexicana Airlines 0.00 968.04 968.04 Miami Air International 0.00 3,444.88 3,444.88 Midwest Airlines 2.78 4,748.35 4,751.13

Page 3 of 6 MN Airlines, LLC 0.00 65,614.56 65,614.56 Monarch Airlines 0.00 265.88 265.88 Northwest Airlines, Inc. 0.00 1,579,472.19 1,579,472.19 Omni Air International 0.00 2,274.43 2,274.43 Peninsula Airways 115.60 8,378.11 8,493.71 Polish Airlines 0.00 54.91 54.91 Qantas Airways Ltd 135.39 3,874.94 4,010.33 Qatar Airways Corp. 20.23 26.12 46.35 Republic Airways (2.78) 1,415.36 1,412.58 Scandinavian Airlines 17.34 3,581.43 3,598.77 Singapore Airlines 262.99 1,210.91 1,473.90 South African Airways 0.00 317.90 317.90 Sun Country Airlines 3,427.54 108,484.82 111,912.36 Swiss Air 803.26 330.27 1,133.53 Swissport USA Inc. 0.00 5.78 5.78 Taca Internation Airlines 2.89 101.15 104.04 Tap Air Portugal 0.00 46.24 46.24 Transportes Aereos Meridionais Tam Airlines 49.13 338.13 387.26 Turkish Airlines, Inc 0.00 66.47 66.47 United Airlines 45,132.61 835,188.04 880,320.65 US Airways 18,659.27 589,485.21 608,144.48 Varig Airlines 0.00 11.56 11.56 Virgin Atlantic 0.00 129.94 129.94 Virgin Blue 309.23 480.18 789.41 Vladivostok Air America, Inc 0.00 1,537.48 1,537.48 From Air Carriers $ 898,525.45 $ 20,300,188.73 $ 21,198,714.18

Interest Earned 9,437.18 809,025.14 818,462.32

Total PFC Revenue $ 907,962.63 $ 21,109,213.87 $ 22,017,176.50

Page 4 of 6 PFC Quarterly Report - Project Expenditure Activity

Public Agency: State of Alaska, DOT & PF Use Airport: Ted Stevens Anchorage International Airport (ANC) Quarter Ending: March 31. 2011

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 9/30/04 $ 21,043,172.88 $ 21,043,172.88 $ 22,000,000.00 $ 22,000,000.00

Total on Application 99-01-C-00-ANC $ - $ 21,043,172.88 $ 21,043,172.88 $ 22,000,000.00 $ 22,000,000.00

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 2/29/12 3.00$ 6/1/05 6/30/09 - - - 11,000,000.00 11,000,000.00

Total on Application 05-02-C-01-ANC $ - $ 13,509,088.51 $ 13,509,088.51 $ 25,000,000.00 $ 25,000,000.00

Total All Applications $ - $ 34,552,261.39 $ 34,552,261.39 $ 47,000,000.00 $ 47,000,000.00

Page 5 of 6 Public Agency: State of Alaska, DOT & PF Use Airport: Ted Stevens Anchorage International Airport (ANC) Quarter ending: March 31, 2011

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 $ 22,192,042.55 $ - $ 1,375.10 $ 22,193,417.65

05-02-C-01-ANC 21,109,213.87 898,525.45 9,437.18 22,017,176.50

TOTAL $ 43,301,256.42 $ 898,525.45 $ 10,812.28 $ 44,210,594.15

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 $ 22,192,042.55 $ 21,043,172.88 $ 1,375.10 $ - $ 22,193,417.65 $ 21,043,172.88 $ 1,150,244.77

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 0.00

05-02-C-01-ANC 7/1/2009 2/29/2012 $ 3.00 11,000,000.00 11,000,000.00 7,600,125.36 - 907,962.63 - 8,508,087.99 - 8,508,087.99

TOTAL $ 47,000,000.00 $ 47,000,000.00 $ 43,301,256.42 $ 34,552,261.39 $ 909,337.73 $ - $ 44,210,594.15 $ 34,552,261.39 $ 9,658,332.76

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