PFC Quarterly Report - Receipts Collected For the Quarter Ended December 31, 2017 (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 Aer Lingus - $ 176.36 $ 176.36 Aeroflot - Russian Airline 106.93 875.12 982.05 Aerolane Lineas Aereas Nacionale - 112.71 112.71 AeroMexico 43.35 5,280.03 5,323.38 Aerovias De Mexico - 355.47 355.47 Air Canada 6,720.93 473,100.82 479,821.75 Air France 134.84 13,685.29 13,820.13 Air New Zealand 98.04 5,912.09 6,010.13 Air Pacific Limited DBA Fiji Airways - 1,442.11 1,442.11 Air Serbia, Inc. - 20.23 20.23 Air Tahiti - 31.79 31.79 Alaska Airlines Inc 937,678.57 33,136,748.82 34,074,427.39 Alitalia Airlines 5.78 338.13 343.91 Alitalia Societa Aerea Italiana S.P.A. - 8.67 8.67 Allegian Air, Inc. - 127.16 All Nippon Airways Co Ltd 121.38 3,005.85 3,127.23 Aloha Airlines - 86.37 86.37 America West Airlines - 180,410.15 180,410.15 American Airlines 26,083.37 1,617,806.07 1,643,889.44 American Trans Air - 459.07 459.07 Asiana Airlines 1,409.55 37,415.12 38,824.67 Austrian Airlines AG - 1,892.16 1,892.16 Aviacion Commercial Del America - 5.78 5.78 Avianca Inc 248.54 1,818.60 2,067.14 Big Sky Airlines - 20.23 20.23 British Airways 312.19 19,177.74 19,489.93 Brussels - 153.17 153.17 Cape Air - 40.46 40.46 Cape Smythe Air Service, Inc - 8.67 8.67 Cathay Pacific Airways Ltd 254.52 10,505.29 10,759.81 Champion Air - 367.03 367.03 China Airlines 901.68 155,641.95 156,543.63 Copa Airlines Inc 83.81 895.90 979.71 Condor Flugdienst GMBH 3,579.09 374,735.65 378,314.74 Continental Airlines - 1,645,749.29 1,645,749.29 Corvus Airlines Inc 2,627.01 65,656.09 68,283.10 Czech Airlines - 164.73 164.73 Delta Air Lines Inc 179,996.26 5,768,390.15 5,948,386.41 Elal Israel Airlines Ltd 17.34 265.88 283.22 Emirates 463.53 16,107.65 16,571.18 Etihad Airways - 2.89 2.89 Eva Airways Corporation 3,259.92 30,382.57 33,642.49 Fiji Airways Limited 89.59 471.07 560.66 Finnair 31.79 135.83 167.62 Frontier Airlines, 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 Island Air - 175.41 175.41 Hawaiian Airlines 399.51 142,632.37 143,031.88 Iberia Airlines of Spain - 231.20 231.20 Icelandair 5,579.69 105,403.90 110,983.59 Island Air Service - 149.59 149.59 Japan Airlines Co, Ltd 516.98 68,453.19 68,970.17 Jet Airways - 27.62 27.62 Jet Aviation - 8.67 8.67 JetBlue Airways Corporation 5,980.19 568,787.69 574,767.88 KLM Royal Dutch Airlines 94.49 6,919.99 7,014.48 Korean Air Lines Co Ltd 1,296.24 100,123.46 101,419.70 Kuwait Airlines - 14.45 14.45 Lan Argentina S.A. - 95.26 95.26 Lan Chile Airlines - 215.30 215.30 Lan Peru Airlines SA - 811.89 811.89 Latam Airlines Group SA 83.48 2,247.42 2,330.90 Lineas Aereas Costarricenses S.A. - 98.26 98.26 LOT Polish Airlines - 126.50 126.50 Lufthansa German Ailrines 242.65 28,453.98 28,696.63 Malaysia Airlines - 179.18 179.18 Mesa Airlines - 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 491.30 404,808.62 405,299.92 Monarch Airlines - 265.88 265.88 North American Airline - 780.30 780.30 Northwest Airlines, Inc. - 1,579,472.19 1,579,472.19 Omni Air International - 2,274.43 2,274.43 Peninsula Airways Inc 468.18 16,198.06 16,666.24 Polish Airlines - 57.80 57.80 Qantas Airways Ltd 68.59 6,922.86 6,991.45 Qatar Airways Corp 23.12 347.35 370.47 Republic Airways - 1,412.58 1,412.58 Saudi Arabian Airlines Corp. - 8.78 8.78 Scandinavian Airlines - 4,116.49 4,116.49 Seaport Airlines - 5.78 5.78 Silver Airways Corp 8.67 50.63 59.30 Singapore Airlines Cargo PTE Ltd 72.25 4,106.69 4,178.94 South African Airways - 378.59 378.59 Swiss International Air Lines 75.14 3,929.95 4,005.09 Swissport USA Inc. - 5.78 5.78 Taca International Airlines - 196.52 196.52 TAM Linhas Aereas SA 11.56 130.05 141.61 Tap Air Portugal - 60.69 60.69 Thompson Airways 248.54 849.66 1,098.20 Transportes Aereos Meridionais Tam Airlines 2.89 840.77 843.66 Turkish Airlines, Inc. 97.71 414.95 512.66 United Airlines, Inc 64,093.85 3,452,649.93 3,516,743.78 US Airways - 1,130,301.32 1,130,301.32 Uzbekistan Airways - 1,275.00 1,275.00 Varig Airlines - 11.56 11.56 Virgin America Inc. 26.01 26,251.28 26,277.29 Virgin Atlantic 199.08 785.20 984.28 Virgin Australia Airlines Pty Ltd 28.90 381.48 410.38 Virgin Blue Air - 3,916.39 3,916.39 Vladivostok Air America, Inc - 1,537.48 1,537.48 WestJet Airlines Ltd 1,778.15 29,541.28 31,319.43 Yakutia 1,502.80 7,216.33 8,719.13 Total PFC Receipts Received From Air Carriers $ 1,247,657.98 $ 51,715,280.01 $ 52,962,937.99

Interest Earned 3,402.09 1,011,607.83 1,015,009.92

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 $ 1,251,060.07 $ 53,983,530.47 $ 55,234,590.54 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, 2017

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 36,600,000.00 36,600,000.00 71,000,000.00 71,000,000.00

Total on Application 05-02-C-01-ANC $ - $ 50,109,088.51 $ 50,109,088.51 $ 85,000,000.00 $ 85,000,000.00

Total All Applications $ - $ 71,152,261.51 $ 71,152,261.51 $ 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, 2017

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 53,983,530.47 1,247,657.98 3,402.09 55,234,590.54

TOTAL $ 75,026,703.47 $ 1,247,657.98 $ 3,402.09 $ 76,277,763.54

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 40,474,441.96 36,600,000.00 1,251,060.07 - 41,725,502.03 36,600,000.00 5,125,502.03

TOTAL $ 107,000,000.00 $ 107,000,000.00 $ 75,026,703.47 $ 71,152,261.51 $ 1,251,060.07 $ - $ 76,277,763.54 $ 71,152,261.51 $ 5,125,502.03