Alaska Airlines Mileage Plan Members Can Earn 5,000 Miles With Capital One Auto Finance

SEATTLE, June 1 -- Members of Alaska Airlines' Mileage Plan now can drive home a great deal by earning 5,000 Bonus Miles when receiving an auto loan from Capital One Auto Finance. Capital One, America's largest online vehicle lender, provides auto loans to customers directly via the Internet.

The offer applies whether members are buying a new or used car, truck or motorcycle; refinancing an existing loan at a lower rate; purchasing a used vehicle from another person; or buying out a lease. The loan application takes just minutes to complete, and customers receive an answer within fifteen minutes during business hours.

Once approved, buyers can receive a Blank Check(R) as soon as the next day, which they can use at virtually any dealership to purchase the vehicle of their choice. Buyers simply complete the Blank Check just like a personal check, and the loan is activated.

"This partnership with Capital One Auto Finance gives our members the opportunity to earn a significant amount of miles while taking advantage of a great deal on an auto loan," said Ann Ardizzone, Alaska's managing director of marketing programs.

The offer is valid on new loan applications only. Customers must apply through www.capitaloneautofinance.com/alaska. Mileage Plan Bonus Miles will be awarded to the plan member's account within six to eight weeks after the loan funds. All Alaska Airlines Mileage Plan terms and conditions apply. To become a Mileage Plan member, visit alaskaair.com.

With the award-winning Alaska Airlines Mileage Plan, members can earn miles with more than 55 partners in eight categories including airline, car, dining, hotel, financial, rail, specialty and telecom. The program boasts 14 airline partners serving 700 destinations on six continents and includes more major U.S. airline partners than any other frequent flyer program.

Alaska Airlines Mileage Plan was named Frequent Flyer Program of the Year for the third year in a row at the 2005 Annual Freddie Awards, considered the most prestigious consumer awards in the airline industry.

Headquartered in McLean, Va., Capital One Financial Corporation (www.capitalone.com) is a bank holding company whose principal subsidiaries, Capital One Bank, Capital One F.S.B. and Capital One Auto Finance, Inc., offer a variety of consumer lending products. Capital One's subsidiaries collectively had 49.1 million accounts and $81.6 billion in managed loans outstanding as of March 31, 2005. Capital One is a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 Index.

Alaska and its sister carrier, Horizon Air, together serve more than 80 cities in Alaska, the Lower 48, Canada and Mexico. For reservations visit alaskaair.com. For more news and information, visit the Alaska Airlines Newsroom on the Internet at http://newsroom.alaskaair.com/ .